The Federal Reserve will soon issue proposals to change the regulatory capital framework in ways that incentivize banks to originate and service mortgages, Vice Chair for Supervision Michelle Bowman said at ABA’s Conference for Community Bankers in Orlando this past Tuesday. Specifically, the proposals would “remove the requirement to deduct mortgage servicing assets from regulatory capital while maintaining the 250% …

The FDIC and Office of the Comptroller of the Currency last week released the market scenarios they will use in their upcoming stress tests for financial institutions. The agencies coordinated with the Federal Reserve to develop the scenarios, with the Fed releasing its scenarios last week. The supervisory scenarios include baseline and severely adverse scenarios, according to the FDIC. The …

The OBA, the American Bankers Association and 51 other state bankers associations expressed strong opposition to the Durbin-Marshall Credit Card Mandate on Monday – also known as the Credit Card Competition Act – warning in a joint letter to Congress that the proposal would harm consumers, small businesses and banks of all sizes. In the letter, the associations write that …

The ABA’s Washington Summit is scheduled for March 9-11. Click here for more information. There is no registration fee for this event. There is an all-day Emerging Leaders Forum on Monday, March 9. Hill Visits will take place on Tuesday, March 19. Contact Megan McGuire at the OBA for more information!

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …

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 …