Oklahoma Bankers Association We make bankers better!
A U.S. District Court judge broadened today a partial injunction, originally issued to the Texas Bankers Association, the American Bankers Association and a Texas-based bank, to now include all banks nationwide subject to the Section 1071 Final Rule. Judge Randy Crane barred the Consumer Financial Protection Bureau from implementing and enforcing the Sec. 1071 Final Rule against all banks and …
October 2023
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October 26, 2023
Federal Reserve proposes new rule, lower debit card fee cap
The Federal Reserve has proposed a new rule regarding debit card interchange fees earned by banks. The rule would lower the cap on these fees and require a new review process biennially. The cap would also be updated every other year, applying to debit card issuers. The ABA and other stakeholders will oppose this proposed new rule. To contact the …
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October 26, 2023
New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office
During the last legislative session, there were changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. The highlighted section is new law that goes into effect on Nov. 1, 2023. 1. No alien or any person who is not a citizen of the United States shall acquire title to or own land in this …
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October 26, 2023
New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office
During the last legislative session, there were changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. The highlighted section is new law that goes into effect on Nov. 1, 2023. 1. No alien or any person who is not a citizen of the United States shall acquire title to or own land in this …
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October 25, 2023
October 2023 OBA Legal Briefs
Deposit account questions and answers Other frequently asked questions The OBA Compliance Team fields well over a hundred email messages every month, along with a healthy number of telephone inquiries. This month, our Legal Briefs include a sampling of the emails, which have been anonymized to remove the names of banks and individuals. Deposit account questions and answers. Compiled by …
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October 24, 2023
OBA presents TikTok Time …
Check out the new semi-regular feature in the OBA Update — OBA TikTok Time … ! The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide …
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October 24, 2023
Week of Oct. 23
In This Issue… From Adrian’s desk … New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office Banking agencies release CRA regulation changes OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …
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October 20, 2023
Emerging Leaders Committee
2023-2024 Chairman Beth Wright VP/Operations Shamrock Bank, N.A., Coalgate Members Troy Avant Market President Liberty National Bank, Chickasha Amy Biggs AVP/CD Clerk Seiling State Bank, Seiling Tanner Burton Consumer Loan Officer Exchange Bank, Stillwater Raynie Harrison Loan Review Supervisor First Enterprise Bank, Oklahoma City Tyler Huston VP/Commercial Lending Mabrey Bank, Bixby Riley Nicholas Mortgage Production Spec Exchange Bank, Stillwater Alexandra …
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October 19, 2023
National ABA Survey: credit unions, banks should have equal standards
According to a national survey conducted by Morning Consult for the American Bankers Association, U.S. consumers do not realize the distinctions between banks and credit unions and think the two should have equal standards. Most consumers responded that any business providing bank-like services should have the same rules and regulations as banks. Likewise, 18% of Americans understand that credit unions …
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October 17, 2023
Publicize your promotions, hires!
The OBA runs a monthly “Oklahoma Bankers” feature in its newspaper where promotions and hires from member banks are highlighted. While the submissions seem to come in giant clumps during parts of year, forcing some to be pushed back a couple or even three months to be published, we appear to be between said “giant clumps.” Now is the time …