News

The Oklahoma Bankers Association has created “Banks are safe” public service announcements for its member banks, both in advertising form as well as in story form, ready for display at the bank or for insertions into local newspapers. These free ads and stories echo the Association’s successful “Nothing’s Safer Than Money In The Bank” public relations campaigns from the past …

The Oklahoma State Banking Department issued a statement this weekend concerning the FDIC’s position on the Skip-A-Payment program. The OSBD has yet to receive any complaints on the program, although the FDIC has recently determined it is “unfair and deceptive” unless accompanied by “clear and adequate disclosures. Below is the full statement from the OSBD: We understand the FDIC’s position …

The FDIC issued an advisory to banks in late July regarding what it says are misrepresentations by some cryptocurrency companies that their products are eligible for FDIC deposit insurance coverage or that customers are FDIC-insured if the crypto company fails. “Over the past several months, some crypto companies have suspended withdrawals or halted operations. In some cases, these companies have …

Take note the OBA 2022-23 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through …

In a letter sent to the entire House and Senate, a coalition made up of 51 state bankers associations and state credit union associations and leagues from across the country joined the American Bankers Association and Credit Union National Association in strongly urging lawmakers to oppose Sen. Roger Marshall’s and Sen. Dick Durbin’s deeply flawed “Credit Card Competition Act of …

In This Issue… OBA partners with ABA, CUNA, other state bankers associations to oppose credit card routing mandates Oklahoma delegation meetings set for 2022 Washington Visit OBA annual golf tournament scheduled for October Mullin/Shannon Senate debate available to view Views & Vistas Calendar, updated reference books available for order OBA education corner … OBA partners with ABA, CUNA, other state …

In This Issue… Agencies look to update statement on CRE loan accommodations, workouts State Banking Department discusses FDIC’s Skip-A-Payment program position Banks could face headache in reverse repo area OBA Emerging Leaders Academy now accepting applications OBA education corner … Agencies look to update statement on CRE loan accommodations, workouts The Office of the Comptroller of the Currency, FDIC and …

IBM Security commissioned a 12-month study of 550 organizations across multiple sectors as part of an annual report on data breaches, and the results were released earlier this week. The cost of dealing with a data breach for financial institutions rose by $250,000 compared to a similar study conducted in 2020-2021. IBM defined financial services as banks, insurance and investment …

In This Issue… FDIC updates Enforcement Actions Manual on cease-and-desist, consent orders Banks overdraft/NSF fee revenues increase, according to CFPB Annual Washington Visit set for Oklahoma bankers OBA education corner … FDIC updates Enforcement Actions Manual on cease-and-desist, consent orders The FDIC has updated chapters one and four of its Formal and Informal Enforcement Actions Manual, entitled Overview and Administrative …

The Financial Stability Board earlier this month issued a progress report on its work to implement its roadmap for addressing climate-related financial risk. Specifically, the report noted that significant progress has been made toward establishing global baseline climate reporting standards, with the newly established International Sustainability Standards Board issuing exposure drafts addressing climate and general sustainability-related disclosure statements. Click here …