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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 Oklahoma Bankers Hall of Fame inducted its 2025 class – its seventh – today at the Oklahoma History Center in Oklahoma City. R.S. “Brud” Baker, with Stride Bank, in Enid; Sandra “Sandy” Bracken, most recently with First Liberty Bank, in Oklahoma City; the late Gary Huckabay, most recently with All America Bank, in Mustang; and Lee Symcox, with First …

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 …

The Consumer Financial Protection Bureau proposed a new Sec. 1071 rule last week to replace a Biden-era final rule that led to some association’s challenging it as regulatory over-reach. Issuance of the new proposed rule is a major victory for community banks and small businesses that would have been subjected to compliance with an 888-page rule and its collection of …

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 …

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2025. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …

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.

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 …