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President Trump issued an executive order on Thursday that directs federal agencies to investigate whether banks and credit unions denied services to customers because of their political beliefs or because they were engaged in certain business activities, such as cryptocurrency. In addition, the order directs agencies to rescind rules and regulations that caused financial institutions to deny services to categories …

A bipartisan coalition of 32 state attorneys general, including Oklahoma’s Gentner Drummond, called on federal lawmakers recently to pass legislation that would enable financial institutions to serve legitimate cannabis businesses in states where it is legal. In a joint letter to congressional leaders, the AGs endorsed the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which would allow cannabis businesses …

The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2025 class; additionally, a reminder the process of selecting inductees was updated a few years back. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person …

Take note the OBA 2025-26 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. There are six sessions to the Academy: Nov. 13, Dec. 11, Jan. 23, Feb. 25, March 27, April 24. Each session delivers takeaways that can be implemented immediately. Graduation will take place in May 2026 …

The state officially began issuing electronic titles by default for title transactions at the beginning of this month, with limited exceptions. To ensure that you have a seamless experience, the Service Oklahoma team will continue to support you in the months ahead. Just email ELTaccounts@service.ok.gov if you have questions or need assistance with your OkCARS accounts. As a reminder, although …

Please note: We are shifting the Washington Visit dates to Sept. 14-16 (from the original Sept. 21-23), and the hotel will remain The Mayflower Hotel. The OBA staff and the OBA Executive Committee made this decision to accommodate adjusted Senate/House calendars. Click here to register online or submit the registration form available in the brochure. If you have any questions, contact Megan McGuire.

The federal banking agencies today issued updated host-state loan-to-deposit ratios that they will use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act. Oklahoma stayed at 86% in the ratios released, same as last year, although a 10% jump from 2023. Section 109 prohibits banks from establishing or acquiring branches outside their home states …

The FDIC, Federal Reserve and Office of the Comptroller of the Currency issued on Monday a request for comment on potential actions to help consumers, businesses and financial institutions mitigate risks related to payments fraud, particularly check fraud. “Because payments fraud may involve multiple institutions and payment methods, no single agency or private-sector entity can address payments fraud on its …

After meeting with stakeholders, Service Oklahoma is adjusting how electronic titles will be administered when the transition begins next month. To accommodate dealer business needs, paper titles will now be issued by default during initial title transactions. This update was made in direct response to partner feedback and ensures dealers can continue their current processes without additional steps or notarization. …

The FDIC released guidance on Monday with steps intended to provide regulatory relief to financial institutions and facilitate recovery in seven states recently affected by natural disasters, including the wildfires in Oklahoma earlier in the spring. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties, including extending repayment terms, restructuring existing loans or easing terms …