Opinion No. 69-157 (1969) Ag

Branch Banking — Credit Cards Under the facts as presented, the issuance of cash by a bank on the basis of credit cards distributed by another bank does not violate the provisions of 6 O.S. 501 [6-501] (1968), which prohibit branch banking. The Attorney General has had under consideration your recent letters in which you state and inquire, in effect, as follows: The use of bank credit cards in Oklahoma has been very pronounced in recent months. These cards are currently being issued by large metropolitan banks in Oklahoma City and Tulsa who contract with banks in smaller communities to help…