State Bank Commissioner Mick Thompson announced last week the Oklahoma State Banking Board approved the largest reduction ever to assessments paid by Oklahoma state-chartered banks.  For 2026, the standard assessment rate will be discounted by 75% for each bank with assets totaling less than $1 billion, by 40% for each bank with assets at least $1 billion but less than …

The Office of the Comptroller of the Currency announced Monday it is ending Money Laundering Risk System data collection, easing Bank Secrecy Act examination procedures for community banks, and is seeking public feedback on core providers and other third-party service providers – all as part of an effort to support smaller institutions. The OCC defines community banks as institutions with …

Get ready Oklahoma as there has been a significant increase in ATM attacks predicted in the coming days and weeks. Deep Insert Skimmers Reports received of ATMs being targeted with deep-insert skimmers and pinhole cameras in a neighboring state. WHAT TO LOOK FOR: You will not see a deep-insert skimmer in the card-reader slot, but you may see additional facades/devices …

The Federal Reserve will trim its bank supervision staff by 30% by the end of next year, the Wall Street Journal reported last week. (subscription required) The newspaper cited an internal memo outlining the cuts, which are being overseen by Fed Vice Chair for Supervision Michelle Bowman. The reductions will leave the Fed’s supervision and regulation division with about 350 …

A proposed bill to establish a nationwide cap on fees and interest on credit cards and consumer loans would have a devastating effect on access to credit for individuals and small-business owners, the American Bankers Association, Independent Community Bankers of America and six other financial sector associations said in a letter on Monday. The Protecting Consumers from Unreasonable Credit Rates …

OBA President and CEO Adrian Beverage contributed an op/ed article to the Tulsa World over the weekend, where he discussed the outdated model that allows credit union to avoid paying taxes. You can read the article on the Tulsa World’s website, although a subscription is required.

OBA President and CEO Adrian Beverage contributed an op/ed article to the Tulsa World over the weekend, where he discussed the outdated model that allows credit union to avoid paying taxes. You can read the article on the Tulsa World’s website, although a subscription is required.

Treasury Secretary Scott Bessent last week shared several steps the Trump administration plans to take to drive a “community bank comeback,” including a renewed push for regulatory tailoring, a review of core platform providers, friendlier capital requirements and revised requirements for bank anti-money laundering/countering the financing of terrorism programs. Bessent, speaking at the Federal Reserve’s Community Bank Conference on Wednesday, …

The Federal Reserve announced last week that Fedwire Funds Service and National Settlement Service operations will be expanded to include Sundays and weekday holidays. The expansion will be implemented over several years, “no earlier than 2028 to ensure operational and industry readiness.” Both FedWire and NSS currently operate Monday through Friday, excluding holidays. Following the expansion, both services will run …

Last week, the Small Business Administration sent out another letter with criteria for banks under $30 billion in assets to comply with reporting requirements regarding the president’s “Fair Banking Executive Order.” The revised requirements  are less burdensome then originally presented. When it was initially presented, it sure looked like bankers were going to have to spend a lot of time …