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In a move widely considered to be expected, President Biden vetoed S.J. Res. 32 on Tuesday night, which would have ended the Consumer Financial Protection Bureau’s Section 1071 rule. S.J. Res. 32 was a bipartisan resolution, which passed the Senate in October and the House of Representatives just a few weeks ago. It would have overturned the CFPB’s final rule implementing …

In This Issue… From Adrian’s desk … Happy holidays from us! CFPB announces threshold adjustments for Reg. C, Reg. Z Join us for Elaine Dodd’s retirement party! OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! …

The Oklahoma Bankers Hall of Fame inducted its 2023 class – its fifth – today at the Oklahoma History Center in Oklahoma City. Nevyle Cable, with First National Bank & Trust Co., Okmulgee; Jim Hamby, with Vision Bank, in Ada; the late Harry Leonard, a longtime banker and former state banking commissioner; and Ted McGuire, with RCB Bank, in Claremore; …

The Oklahoma Bankers Hall of Fame inducted its 2023 class – its fifth – today at the Oklahoma History Center in Oklahoma City. Nevyle Cable, with First National Bank & Trust Co., Okmulgee; Jim Hamby, with Vision Bank, in Ada; the late Harry Leonard, a longtime banker and former state banking commissioner; and Ted McGuire, with RCB Bank, in Claremore; …

In This Issue… From Adrian’s desk … OCC to Congress: Banking system remains sound 2024 holiday closing signs available from OBA OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! •        •    …

The House, on Friday, passed a Senate joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses. S.J. Res. 32 had cleared the Senate with bipartisan support in October, and it cleared the House Friday by a vote of 221-202, with most …

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued an alert to financial institutions concerning fraud schemes related to the COVID-19 Employee Retention Credit (ERC) and is urging vigilance in identifying and reporting related suspicious activity. Ongoing fraud and scams related to the ERC have been identified that, to date, have resulted in 323 investigations involving more than $2.8 …

In This Issue… From Adrian’s desk … FDIC releases cybersecurity videos for banks Oklahoma Bankers Hall of Fame fifth class set for induction – only few seats left! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! •     …

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2023. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …

In This Issue… From Adrian’s desk … FinCEN raises alert on COVID-19 tax credit fraud schemes Oklahoma Bankers Hall of Fame fifth class set for induction – still seats available for ceremony! OBA Intern Program ready for 2024 OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random …