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The Office of the Oklahoma State Treasurer announced the relaunch of the Agricultural Linked Deposit Program, an initiative designed to support Oklahoma’s farmers, ranchers and agricultural businesses. The program, which launched on Nov. 1, will provide financial assistance to at-risk farms and alternative agricultural ventures. Through the Agricultural Linked Deposit Program, eligible agricultural businesses can access lower-interest loans to sustain …
November 2024
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November 20, 2024
Treasury Check Verification System gains new validation capability
The Treasury Department’s Bureau of the Fiscal Service implemented a new payee name validation capability within its Treasury Check Verification System application programming interface on Monday, according to a notice from the bureau. The change comes roughly a year after regulators tightened liability standards for Treasury check returns. TCVS is a tool that assists financial institutions with Treasury check verification. …
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November 20, 2024
November 2024 OBA Legal Briefs
Vulnerable Adult Abuse, Neglect and Exploitation Report Perfection of security interest Lien entries on vehicles, manufactured Semi-trailers Purchase Money Security Interest, blanket filing Questions from our members Reg E LLC documentation Initial ARM notice Reconsideration of Value Questions (see also December 2024 Legal Briefs) By Pauli Loeffler Vulnerable Adult Abuse, Neglect and Exploitation Report In the September 2023 OBA Legal …
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November 19, 2024
Week of Nov. 18
In This Issue… From Adrian’s desk … CFPB director argues for deposit insurance reform in wake of Lindsay bank failure Treasury Check Verification Systems gains new validation capability Treasurer’s office relaunches AGLink program Oklahoma Bankers Hall of Fame class set for induction OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random …
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November 14, 2024
ATM robberies on uptick
Area law enforcement agencies are expecting an increase in ATM service technician robberies for at least the next several months. Already, there has been three attempts in the last month and a half: – 4:20 p.m., Sept. 30 — Two masked suspects robbed an ATM service technician in Midwest City. – 11:49 p.m., Nov. 8 — There was an attempt …
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November 13, 2024
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November 12, 2024
Week of Nov. 11
In This Issue… From Adrian’s desk … Survey: Consumers think Congress should hold credit unions accountable ABA pushes FCC for action on illegal texts Be aware of fraudulent emergency data requests 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! …
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November 11, 2024
ABA appeals Section 1071 ruling
The American Bankers Association and a group of trade associations appealed a recent Texas federal court decision holding that the Consumer Financial Protection Bureau’s Section 1071 final rule did not exceed the bureau’s authority or violate the APA. The associations also moved the Fifth Circuit for a stay pending appeal. Section 1071 of the Dodd-Frank Act amended the Equal Credit …
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November 7, 2024
Be aware of fraudulent emergency data requests
Earlier this week, the FBI issued a Private Industry Notification involving fraudulent emergency data requests. An emergency data request is from a government authority used in emergency circumstances to request information immediately from a business. The process also bypasses additional reviews of the request for legitimacy. What is most alarming about the alert is the indication cyber-criminals are selling guides …
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November 5, 2024
Week of Nov. 4
In This Issue… From Adrian’s desk … ABA appeals Section 1071 ruling Oklahoma Bankers Hall of Fame Class set for induction 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! • • • I’m on …