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The OBA runs a monthly “Oklahoma Bankers” feature in its newspaper where promotions and hires from member banks are highlighted. While the submissions seem to come in giant clumps during parts of year, forcing some to be pushed back a couple or even three months to be published, we appear to be between said “giant clumps.” Now is the time …

Credit conditions are expected to weaken slightly over the next six months as inflation remains elevated and financial conditions remain restrictive, according to the American Bankers Association’s latest Credit Conditions Index released last week. ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee. The EAC includes …

Federal banking agencies (Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation) issued an interim final rule last week that doubles the asset threshold for small insured depository institutions to be eligible for an extended 18-month on-site examination cycle. Eligibility for the 18-month cycle does not apply automatically. To qualify, a bank …

The federal banking agencies pledged late last week to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs. The FDIC, Federal Reserve and Office of the Comptroller of the Currency issued a joint statement “to provide clarity on their risk-based …

Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, the ABA, ICBA and a coalition of banking trade associations said. Senate Republicans on Monday, September 14, released a new draft of the Clarity Act as …

Fifty-two state bankers associations, including the OBA, expressed strong support for the Federal Communications Commission’s proposals to ensure that all voice service providers in the path of a call take meaningful responsibility for keeping illegal calls off the U.S. calling network, in a letter sent to the FCC last week. In the letter, the associations expressed support for the FCC’s …

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert recently to urge financial institutions to be vigilant in detecting, identifying and reporting suspicious activity connected to fraud schemes targeting The U.S. Department of Education’s Office of Federal Student Aid programs. Fraud rings use stolen and fraudulent identities, as well as other tactics, to enroll in …

The Office of the Comptroller of the Currency is proposing to restructure its processes for making bank information available for public review, according to an agency announcement. The proposed rulemaking seeks to strike a better balance between public disclosure and protecting confidential information collected as part of agency supervision, the OCC said. The proposal comes less than a month after …

The Treasury Department today released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing payment stablecoins, as required by the Genius Act. Payment stablecoin issuers will need to obtain a state or federal license beginning on Jan. 18, 2027. They will not be allowed to offer payment stablecoins in the U.S. unless they …

The OBA is currently discussing with its congressional delegation about the importance of the FCC stepping into a more active role in stopping telecommunications-enabled fraud. Telecommunications fraud — robocalls, spoofed caller ID, and bank/agency impersonation — is no longer a nuisance; it is a primary vector for financial crime hitting Oklahoma consumers and the community banks that serve them. Americans …