News

On Aug. 7, President Trump issued the executive order, “Guaranteeing Fair Banking For All Americans.” In Section 1, the president clearly lays out what his thinking is and why this order is necessary. Purpose — Financial institutions have engaged in unacceptable practices to restrict law-abiding individuals’ and businesses’ access to financial services on the basis of political or religious beliefs …

The FDIC announced late last month it had removed all references to disparate impact from its Consumer Compliance Examination Manual. Instead, the agency said it will evaluate potential discrimination under the Equal Credit Opportunity Act and Fair Housing Act “only through evidence of disparate treatment.” President Trump issued an executive order in April to eliminate enforcement of disparate-impact liability, which …

Did you know the average federal income tax paid by an Oklahoma resident was $10,589 last year? Did you know the TOTAL income taxes paid by credit unions was $0? As a banker, you probably did, but do your customers know? In a time when the federal deficit is regularly at the forefront of the news, maybe they should know …

The Office of the Comptroller of the Currency issued two bulletins on Monday for financial institutions “to eliminate politicized or unlawful debanking in the federal banking system.” The first bulletin seeks to remind banks of their legal obligations to protect their customers’ financial records, “even if that information is requested by government agencies,” according to the OCC. The second bulletin …

In This Issue… From Adrian’s desk … OCC issues information on ‘debanking’ FinCEN releases guidance on foreign information sharing 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 our bankers this week! • …

The FDIC announced late last week it had removed all references to disparate impact from its Consumer Compliance Examination Manual. Instead, the agency said it will evaluate potential discrimination under the Equal Credit Opportunity Act and Fair Housing Act “only through evidence of disparate treatment.” President Trump issued an executive order in April to eliminate enforcement of disparate-impact liability, which …

The Office of the Comptroller of the Currency announced last week a decrease in assessment rates for the Sept. 30 semiannual assessment. The OCC reduced the rates in the general assessment fee schedule by 30% for assets up to $40 billion and 22% for assets above $40 billion, and reduced the rates in the independent trust and independent credit card assessment …

On Aug. 7, the Small Business Administration sent a letter to over 5,000 lenders in response to President Trump’s executive order “Guaranteeing Fair Banking For All Americans.” The letter outlined the executive order and ordered banks to follow the new order. Pursuant to the Fair Banking Executive Order, banks are required to take the following action: By Dec. 5, your …

In This Issue… From Adrian’s desk … SBA orders banks to report on ‘debanking’ actions Disparate impact removed from FDIC exam manual OCC lowers semiannual assessment rates OBA Emerging Leaders Academy taking applications OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …

The Financial Crimes Enforcement Network issued a notice earlier this month urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency kiosks, also known as crypto ATMs. According to the notice, the FBI’s Internet Crime Complaint Center received more than 10,956 complaints involving CVC kiosks in 2024, with reported victim losses of approximately $246.7 …