Oklahoma Bankers Association We make bankers better!
Community banks understand the importance of having a payments relationship with their customers, but many banks do not have the staff, resources or appetite for risk to profitably manage a credit card portfolio. Recognizing the challenges community banks face in issuing and managing credit cards, the OBA and ABA have endorsed the agent credit card program of ServisFirst Bank. By …
February 2025
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February 4, 2025
Week of Feb. 3
In This Issue… From Adrian’s desk … Chopra terminated as CFPB director; treasury secretary named acting director OBA, ABA to host webinar next week on credit card program OBA Emerging Leaders Book Club unveiled Review your bank’s info for upcoming Directory of Banks OBA Bankers’ Night Out programs ready for spring OBA education corner … From Adrian’s desk … By …
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February 3, 2025
January 2025 OBA Legal Briefs
Welcome OBA’s General Counsel BOI deadlines in limbo Interagency Guidance on Elder Financial Exploitation Banker Q&As Unclaimed property and outstanding cashier’s check Monthly payment of flood insurance Right of rescission Deceased IRA owner, RMD Introducing the OBA’s new general counsel By Scott Thompson I would like to take this opportunity to introduce myself to the membership as the OBA’s newest …
January 2025
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January 28, 2025
Week of Jan. 27
In This Issue… From Adrian’s desk … Survey finds financial institution executives doubtful about data-sharing rule OBA, ABA to host webinar on national, state legislative issues Review your bank’s info for upcoming Directory of Banks; welcome to new strategic member OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …