Oklahoma Bankers Association We make bankers better!
We wanted to pass along new and updated information from the Oklahoma attorney general’s office in regard to Senate Bill 212, which concerns alien ownership of Oklahoma real estate. After further review, we have updated the interpretation of the new law, in regards to what deeds in which the affidavits are required. The affidavit is only required for deeds transferring …
November 2023
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November 3, 2023
Treasury Department issues final rule on paying canceled Treasury checks
A final rule will be enforced beginning Dec. 1 regarding financial institutions’ liability for paying canceled Treasury checks without waiting to receive the return information. The Treasury Department’s new processing system will now allow financial institutions to receive the return information quicker, which shares if the checks were canceled. Consequently, the “reasonable efforts” currently protecting these financial institutions will change. …
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November 1, 2023
More info on new real estate laws concerning alien ownership …
We wanted to pass along new and updated information from the Oklahoma attorney general’s office in regard to Senate Bill 212, which concerns alien ownership of Oklahoma real estate. After further review, we have updated the interpretation of the new law, in regards to what deeds in which the affidavits are required. The affidavit is only required for deeds transferring …
October 2023
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October 31, 2023
OBA hosts Zoom meeting with attorney general’s office on alien ownership of Oklahoma real estate
The OBA hosted a Zoom meeting with Brad Clark, from the Oklahoma attorney general’s office, on Monday discuss the changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. You can click here to watch and download the entire meeting, along with questions and answers at the end, and also click here to download and view the slides Clark …
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October 31, 2023
Week of Oct. 30
In This Issue… From Adrian’s desk … OBA hosts Zoom meeting with attorney general’s office on alien ownership of Oklahoma real estate Federal Reserve proposes new rule on interchange fees Bank Performance Report available for OBA members OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits …
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October 27, 2023
Bank Performance Report
The OBA has entered a co-branding agreement with Kentucky Bankers Association for a quarterly banking publication called Bank Performance Report. BPR currently has 350 bank subscribers from across the country. This report is in electronic and/or printed format utilizing data from the quarterly FFIEC Call Reports, from which the BPR ranks overall performance of each bank headquartered in that state. The …
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October 26, 2023
Section 1071 injunction extended to ALL banks
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 …
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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 …