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OBA News
The Latest
November 2023
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November 3, 2023
Treasury Department issues final rule on paying canceled Treasury checks
A final rule will be enforced beginning Dec. 1 regarding financial institutions’ liability for paying canceled Treasury checks without waiting to receive the return information. The Treasury Department’s new processing system will now allow financial institutions to receive the return information quicker, which shares if the checks were canceled. Consequently, the “reasonable efforts” currently protecting these financial institutions will change. …
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October 2023
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October 31, 2023
OBA hosts Zoom meeting with attorney general’s office on alien ownership of Oklahoma real estate
The OBA hosted a Zoom meeting with Brad Clark, from the Oklahoma attorney general’s office, on Monday discuss the changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. You can click here to watch and download the entire meeting, along with questions and answers at the end, and also click here to download and view the slides Clark …
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October 26, 2023
Federal Reserve proposes new rule, lower debit card fee cap
The Federal Reserve has proposed a new rule regarding debit card interchange fees earned by banks. The rule would lower the cap on these fees and require a new review process biennially. The cap would also be updated every other year, applying to debit card issuers. The ABA and other stakeholders will oppose this proposed new rule. To contact the …
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October 24, 2023
OBA presents TikTok Time …
Check out the new semi-regular feature in the OBA Update — OBA TikTok Time … ! The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide …
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October 19, 2023
National ABA Survey: credit unions, banks should have equal standards
According to a national survey conducted by Morning Consult for the American Bankers Association, U.S. consumers do not realize the distinctions between banks and credit unions and think the two should have equal standards. Most consumers responded that any business providing bank-like services should have the same rules and regulations as banks. Likewise, 18% of Americans understand that credit unions …
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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.