Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- OBA, ABA, ICBA state associations urge Senate to strengthen stablecoin yield provisions
- Guidance released on lending to undocumented workers
- Information, assistance on EFS filings transition
- Save the date: OBA convention, senior management events set for 2027
- Reference books updated, available from OBA
- 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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Just a quick note today as I’m in Detroit for the ABA Summer Leadership Conference, alongside our chair, Priscilla Cude. It’s a pretty informative outing as we get to hear all kinds of useful info, including stuff about A.I., which seems to be at the forefront of many people’s minds.
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Everyone knows I’m a big sports fan, particularly of my beloved Cornhuskers. With all that in mind, I wanted to share an article that came out this morning in the ABA Banking Journal about banks working with athletes, athletic teams and related businesses that I thought was really interesting!
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Speaking of sports, this week is the deadest week on the sports calendar for the entire year. When MLB goes on the All Star Break, there almost nothing to watch for much of the week. We do have some World Cup soccer, and and of course the All Star Game itself, but it all just makes me pine for college football season even more!
OBA, ABA, ICBA, state associations urge Senate to strengthen stablecoin yield provisions
In a joint letter to Senate leaders on Monday, the American Bankers Association, the Independent Community Bankers of America and 76 state associations representing thousands of community financial institutions across the U.S. expressed genuine concerns with the Clarity Act and urged targeted changes to provide greater certainty that payment stablecoins cannot function as substitutes for bank deposits.
In the letter, the associations expressed support for responsible innovation and a well-regulated digital asset marketplace while emphasizing the need for clear and enforceable guardrails around stablecoin interest, yield and reward programs. They noted that engagement with lawmakers and regulators has led to meaningful improvements in the legislation, including efforts to address the industry’s concerns.
Guidance released on lending to undocumented workers
Lending to individuals who are not legally authorized to work in the U.S. may present elevated credit risk to financial institutions, the FDIC, Office of the Comptroller of the Currency and National Credit Union Administration said on Monday in joint guidance.
Earlier this year, President Trump issued an executive order directing regulators to provide guidance warning financial institutions “to be vigilant against risks presented by the unlawful employment of illegal aliens.” The new joint guidance by the agencies implements that order by reminding financial institutions of their obligations regarding credit risk management, particularly with respect to borrowers who are not legally authorized to work in the U.S.
Other agencies have also taken steps to comply with the executive order. The Consumer Financial Protection Bureau released guidance in June stating that creditors may be legally obligated to consider a consumer’s immigration status for mortgage loans and credit cards. Around the same time, the Financial Crimes Enforcement Network FDIC, OCC and NCUA, in coordination with the IRS, issued an advisory warning financial institutions to be vigilant against potential illicit activity involving unlawful employment of undocumented immigrants.
Information, assistance on EFS filings transition
For those who use the EFS System,
Effective Monday, all Oklahoma Effective Financing Statement filings will be submitted to the Oklahoma County Clerk’s Office. The final day to file with the Oklahoma Secretary of State is Friday, July 17, and there will be no interruption in service during the transition.
The new EFS system will provide online filing, enhanced search capabilities and improved document access while continuing to support agricultural lending and farm product transactions.
EFS Transition – Key Dates
- July 17: Final day to file with the Oklahoma Secretary of State.
- July 20: EFS filings begin with the Oklahoma County Clerk.
- August 20: First Oklahoma County Clerk Master List available.
The Secretary of State’s Master List will remain available through Aug. 20.
Oklahoma County Clerk’s Office
UCC/EFS Division
320 Robert S. Kerr Ave., Room 203
Oklahoma City, OK 73102
405-713-1522
uccrecords@oklahomacounty.org
getrecords.oklahomacounty.org
Virtual Q&A & Demonstration Sessions
To help users prepare for the transition, there are virtual demonstrations and live Q&A sessions before and after the go-live date.
- Thursday, July 16 | 2-3 p.m.
- Wednesday, July 22 | 10-11 a.m.
- Tuesday, Aug. 4 | 10-11 a.m.
- Wednesday, Aug. 19 | 10-11 a.m.
To participate and receive a Microsoft Teams invitation, please email uccrecords@oklahomacounty.org.
Training resources and Clerk’s Office staff are available to assist throughout the transition. If you have any questions, please contact the Oklahoma County Clerk UCC/EFS Division at 405-713-1522 or uccrecords@oklahomacounty.org.
Save the date: OBA convention, senior management events set for 2027
Mark your calendars as the OBA Convention and OBA Senior Management dates and location have already been set for next year!
The 2027 OBA Convention will be held May 24-26, back at the Okana Resort, in Oklahoma City. Meanwhile, the 2027 OBA Senior Management Conference will be held on April 4-6 at the Westin Kierland Resort, in Scottsdale, Arizona.
More details will be available in the coming months, but go ahead and get those notes on your calendar today!
Reference books updated, available from OBA
Several references for bankers have been updated and are now available through the OBA.
These include:
These have all been updated and approved for 2026! Order yours today!
OBA education corner …
It’s time for Summertime Blues! No, not the emotional state, and not even the Eddie Cochran song, which was later covered by Alan Jackson. We’re talking about Zach Bryan’s outstanding EP from 2022! When we hit the dog days of summer like we have, could there be a better and more apt listen? Everyone knows Oklahoma Smokeshow, but Quittin’ Time and Us Then are perfect hot-weather jams! So, while you listen to Oologah’s own and avoid winding up in a puddle of tears, make sure to keep up with what’s happening on the continuing education front, including the following:
- Records Management, July 21, webinar — A discussion of financial institutions’ responsibility to retain records: what to keep, in what form and for how long.
- Loan Participation: Risks and Rewards, July 22, webinar — This program covers the risks and rewards of loan participations to both the lead bank and the purchasing bank. Attendees will gain a thorough understanding of Participation Agreements.
- Train the Trainer – 2-part Series, July 28-29, webinar — You’ll learn how adults learn, how to translate expertise into clear and engaging instruction and how to design learning experiences that lead to real behavior change – not just completed attendance.
- Stablecoin 101, July 29, webinar — Stablecoins are one of the most talked-about innovations in finance, but what exactly are they and why should banks care?
- Vendor Management in 2026 – How to Make Better Vendor Management Decisions, July 29, webinar — Analyzing vendor documentation is important, but the real question we need to ask is this: how do we understand if our vendors are really protecting your data?
- 2026 Opening New Accounts, Documentation & Compliance Seminars, Aug. 12-Tulsa; Aug. 13-Oklahoma City — Unfortunately, new account personnel are too often trained “on the job,” which results in an environment of potential vulnerability and unnecessary losses for the bank. This full-day program is one of the country’s most comprehensive seminars on opening deposit accounts.
- 2026 OBA Compliance School, Aug. 17-21, Oklahoma City — Students will return to their banks equipped to deal with compliance regulations that impact lending practices and deposit functions as well as other related federal and state laws and regulations.
- 2026 FDIC Banker Outreach, Aug. 27, Oklahoma City — Sessions will be tailored to directors, risk management and consumer compliance staff to bring participants up to date on current economic trends and regulatory issues.
- 2026 OBA Basic Banking School, Sept. 14-17, Oklahoma City — The school is designed to introduce students to basic banking concepts as they relate to the overall functioning of a bank.