Oklahoma Bankers Association We make bankers better!

January 2025

• January 27, 2025

  Trump names chairs, acting heads of several agencies, departments

  

  Immediately upon assuming office last Monday, President Trump designated several chairs and acting heads of agencies and departments. Among agencies relevant to financial services, Trump designated the following: David Lebryk, fiscal assistant secretary of the treasury and the highest career official at the Treasury Department, as acting secretary pending the confirmation of nominee Scott Bessent. FDIC Vice Chairman Travis Hill …
• January 22, 2025

  Unauthorized tap-to-pay fraud increasing

  

  According to frankonfraud.com, there is a rise in donation “Tap to Pay” fraud where consumers are approached in a parking lot (Target, WalMart, etc.) by individuals (scammers) requesting a small donation to help with <insert any sob story>. The victims believe they are donating $10 or $20, but the scammer is manipulating the transaction and billing them for thousands. Technically, …
• January 21, 2025

  Executive News: Changes afoot in state, national politics

  Well, here we are – 2025 has finally arrived and, frankly, it seemed like it was never going to get here. The last couple of months of 2024 felt like the clock had stopped. Like the beginning of every new year, it’s a perfect time to reset and look forward with an optimistic view of what we’ll encounter in both …
• January 21, 2025

  Week of Jan. 20

  In This Issue… From Adrian’s desk … Trump revokes AI, climate change rules on financial sector Trump names chairs, acting heads of several agencies, departments OBA, ABA to host webinar on national, state legislative issues OBA Bankers’ Night Out programs ready for spring OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some …
• January 21, 2025

  Banker, philanthropist passes away

  Renowned banker and philanthropist H.E. “Gene” Rainbolt passed away on Jan. 2. He was 95. Born in 1929 in Norman, Rainbolt started his banking career in 1959, acquiring his first bank in Purcell in 1962. In 1989, he founded BancFirst, now Oklahoma’s largest state-charter bank. He was also among the first class of the Oklahoma Bankers Hall of Fame. We …
• January 21, 2025

  Deadline paused on beneficial ownership registry deadline

  The original January deadline for covered businesses to register their beneficial ownership information was put on hold following a order from the Fifth Circuit Court of Appeals on Dec. 26. On Dec. 23, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires …
• January 21, 2025

  Integris

  Integris supports community banks with premium IT services, including managed IT support, cybersecurity, strategic guidance, hosting, and more. Our solutions are specifically designed to meet the unique demands of financial institutions. CONTACT INFORMATION: Contact: Lance LaBedelle 940 Arroyo St San Angelo, TX 76903 Phone: (325) 227-9900 Email: lance.labedelle@integrisit.com Website: www.integrisit.com Featured Blogs:  Guide: How MSPs improve banks’ return on assets, operational …
• January 14, 2025

  OBA, ABA to host webinar on national, state legislative issues

  

  The OBA and the American Bankers Association will host a free webinar on Jan. 30, exclusively for Oklahoma bankers, to discuss the upcoming changes and opportunities presented at both the state and federal levels for the banking industry. New leadership coming to Washington presents many opportunities for the industry, and 2025 is certain to be a year of significant policy …
• January 14, 2025

  Week of Jan. 13

  In This Issue… From Adrian’s desk … OBA, ABA, state bankers associations ask Trump to halt current regulatory actions Unauthorized tap-to-pay fraud increasing CFPB drops proposed ban on NSF fees for instant transactions Regional Housing Forums series scheduled Review your bank’s info for upcoming Directory of Banks; participate in director compensation survey OBA education corner … From Adrian’s desk … …
• January 8, 2025

  Associations file suit challenging Fed’s stress-testing framework

  

  Various association, including the American Bankers Association, The Bank Policy Institute, Ohio Bankers League filed litigation in late December against the Federal Reserve, challenging aspects of the stress testing framework the Fed uses to establish certain bank capital requirements. The lawsuit is focused on the lack of transparency in the current stress testing process, with the groups challenging the “opaque …