Sunday, October 13, 2024

OBA News

The Latest

December 2023

  • December 5, 2023

    FinCEN raises alert on COVID-19 tax credit fraud schemes

    The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued an alert to financial institutions concerning fraud schemes related to the COVID-19 Employee Retention Credit (ERC) and is urging vigilance in identifying and reporting related suspicious activity. Ongoing fraud and scams related to the ERC have been identified that, to date, have resulted in 323 investigations involving more than $2.8 …

    Read More »

November 2023

  • November 29, 2023

    Nondeductible portion of OBA dues calculated

    The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2023. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …

    Read More »
  • November 22, 2023

    State Banking Board approves 60% reduction in 2024 assessments

    The Oklahoma State Banking Board voted unanimously at its November meeting to reduce the assessments paid by Oklahoma state-chartered banks. The 2024 assessment rate was discounted 60% for each bank with assets less than $1 billion and 15% for each bank with assets more than $1 billion. During the meeting held Nov. 15, State Banking Commissioner Mick Thompson discussed increased …

    Read More »
  • November 16, 2023

    OBA soliciting CD bids

    The OBA will be purchasing several Certificates of Deposit for investment soon. All interested banks are encouraged to contact us. The certificates will range from 90 days to 24 months, and most will be in the amount of $245,000 – to be funded the last week of November. Interested banks should contact Kathryn Donovan in the OBA accounting department: kathryn@oba.com.

    Read More »
  • November 14, 2023

    Agencies pinpoint 2024 regulatory thresholds

    The Consumer Financial Protection Bureau, Federal Reserve and Office of the Comptroller of the Currency announced on Monday the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400. At the same time, the Fed and CFPB announced an increase in the dollar thresholds used to determine whether certain consumer credit and …

    Read More »
Jeremy Cowen

Jeremy Cowen, Senior Vice President/Communications

Email: jeremy@oba.com      |      Phone: Ext. 113

Jeremy has been in charge of the Oklahoma Banker newspaper as well as the OBA website and other member communications since joining the OBA in January 2002. A native of Hartshorne and a 1997 graduate of the University of Oklahoma, he enjoys meeting and talking with the different people he encounters while doing his job. Previously, Jeremy worked as a sports writer in Lawton and, for the four years prior to joining the OBA, Lubbock, Texas, where he decided the town wasn’t big enough for both him and Bobby Knight. When not working, Jeremy loves to hike, read, watch football, baseball and boxing and teach journalism to high school and college students. And, if you ask, there’s a good chance he will regale you with the story about being interviewed on ESPN by Chris Fowler.