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 …
Read More »In This Issue… From Adrian’s desk … Comptroller outlines OCC’s review of ‘debanking’ Oklahoma Bankers Hall of Fame induction ceremony slated for early December Save the date: OBA Convention, senior management events set for 2026 OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to …
Read More »In This Issue… From Adrian’s desk … Fed to reduce bank supervision staff in 2026 Survey: Lending standards stricter for commercial loans in third quarter OBA Book Club discussion set for Nov. 18 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 …
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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 …
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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and CEO Adrian Beverage contributed an op/ed article to the Tulsa World over the weekend, where he discussed the outdated model that allows credit union to avoid paying taxes.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.
Read More »In This Issue… From Adrian’s desk … Banking associations oppose bill to set credit card, loan fee caps Oklahoma Bankers Hall of Fame induction ceremony slated for early December 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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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and CEO Adrian Beverage contributed an op/ed article to the Tulsa World over the weekend, where he discussed the outdated model that allows credit union to avoid paying taxes.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.
Read More »In This Issue… From Adrian’s desk … Beverage in Tulsa World: Time to rethink credit unions’ tax exemption ABA, ICBA other banking associations urge administration to retain CDFI staff, funding OBA Book Club discussion set for Nov. 18 OBA Oktoberfest Golf Tournament scheduled OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some …
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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, …
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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 …
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