Oklahoma Bankers Association We make bankers better!
In This Issue… From Adrian’s desk … OCC to combine community bank, large bank supervision departments Fraud trends report in auto lending released New enhancements live for ELT system ‘The Bankers From Oklahoma’ are back! – OBA convention registration open! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that …
April 2025
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April 21, 2025
Executive News: Second half of session starts
We are officially halfway through the state legislative session. Bills that survived their house of origin have now crossed the rotunda and will go through the committee process and be eligible for a floor vote should they make it that far. When the legislative session started, we were tracking over 600 bills – we now have 52 bills on our …
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April 21, 2025
Keynote speaker highlights OBA’s upcoming convention
A former U.S. ambassador and member of the George W. Bush administration will headline the upcoming OBA convention as the keynote speaker. Frank Lavin, a seasoned expert in global affairs, international trade and political strategy, will kick off the convention on May 13. With a distinguished career spanning diplomacy, business, and policy analysis, he brings a unique perspective on the …
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April 21, 2025
Agencies state intent to scrap 2023 CRA rule
The federal bank regulatory agencies during the last week of March announced, in light of pending litigation, their intent to issue a proposal to both rescind the Community Reinvestment Act final rule issued in October 2023 and reinstate the CRA framework that existed prior to the October 2023 final rule. As of now, this is NOT official, but just stated …
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April 17, 2025
April 2025 OBA Legal Briefs
April 2025 EFS Central Filing Update on the McGirt decision Banker Q&As Medicaid Income Pension Trust Disclosures Advertising free checking Who can remove signers on LLC or corporate account? IRA contributions, owner in RMD EFS Central Filing By Scott Thompson If you have read one of Adrian’s legislative updates this year will have seen mention of SB 988. This bill …
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April 16, 2025
CFPB to abandon enforcement of pair of rules
The Consumer Financial Protection Bureau, in the past week has vacated and/or abandoned enforcement of a pair of rules. On Monday, the CFPB reached an agreement with the American Bankers Association and other plaintiffs to settle a lawsuit over its rule on credit card late fees. The CFPB last year issued a final rule to lower the safe harbor dollar …
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April 15, 2025
Week of April 14
In This Issue… From Adrian’s desk … FinCEN to eliminate ‘obsolete’ BSA civil penalty rule CFPB to abandon enforcement of pair of rules ELT updates now live ‘The Bankers From Oklahoma’ are back! OBA Convention registration opens! 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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April 9, 2025
CFPB to start new Sec. 1071 rulemaking
In a court filing last week, the Consumer Financial Protection Bureau said its leadership has directed staff to initiate new rulemaking to implement Section 1071 of the Dodd-Frank Act and plans to soon release a proposal to possibly replace or change its current rule. The CFPB in 2023 released a final rule implementing Section 1071, which requires financial institutions to …
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April 8, 2025
Week of April 8
In This Issue… From Adrian’s desk … CFPB to start new Sec. 1071 rulemaking ELT updates now live: What bankers, lienholders should know ‘The Bankers From Oklahoma’ are back! OBA Convention registration opens! 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 …
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April 7, 2025
March 2025 OBA Legal Briefs
March 2025 Extension of the McGirt decision to civil lawsuits Beneficial Ownership Information Update Banker Q&A Series LLC Updating account from ITIN to SSN Providing debit cards to fiduciaries Extension of the McGirt Decision to Civil Lawsuits By Scott Thompson A case pending in the Oklahoma Supreme Court, Paul-Lucas v. Paul, No. DF-122477, could have far reaching ramifications for businesses …