Oklahoma Banker

May 2025

May 18, 2025
Executive News: EFS filing bill on top of docket for OBA

We have finally arrived at the last month of the state legislative session and I will say that everyone seems to be playing nice for now. As I’ve mentioned in previous articles, the only thing the legislature is statutorily required to accomplish is pass a state budget. So, all the policy issues still being considered must be across the finish …
May 18, 2025
2025 OBA Directory of Banks now available for purchase

The latest edition of the OBA Directory of Banks is now available. This essential resource includes financial data, important information about all Oklahoma banks, savings and loans, savings banks and holding companies, key personnel by function and title, answers to rules and regulations, legislators, state and national agencies, courthouses, fast-find index and much more! Each Directory is $40 per copy …
May 18, 2025
Enforcement of pair of rules face abandonment by CFPB

The Consumer Financial Protection Bureau, in April, vacated and/or abandoned enforcement of a pair of rules. On April 14, the CFPB reached an agreement with the American Bankers Association and other plaintiffs to settle a lawsuit over its rule on credit card late fees. The CFPB last year issued a final rule to lower the safe harbor dollar amount for …

April 21, 2025
Executive News: Second half of session starts

We are officially halfway through the state legislative session. Bills that survived their house of origin have now crossed the rotunda and will go through the committee process and be eligible for a floor vote should they make it that far. When the legislative session started, we were tracking over 600 bills – we now have 52 bills on our …
April 21, 2025
Keynote speaker highlights OBA’s upcoming convention

A former U.S. ambassador and member of the George W. Bush administration will headline the upcoming OBA convention as the keynote speaker. Frank Lavin, a seasoned expert in global affairs, international trade and political strategy, will kick off the convention on May 13. With a distinguished career spanning diplomacy, business, and policy analysis, he brings a unique perspective on the …
April 21, 2025
Agencies state intent to scrap 2023 CRA rule

The federal bank regulatory agencies during the last week of March announced, in light of pending litigation, their intent to issue a proposal to both rescind the Community Reinvestment Act final rule issued in October 2023 and reinstate the CRA framework that existed prior to the October 2023 final rule. As of now, this is NOT official, but just stated …

March 20, 2025
Executive News: Bill tracking list continues to be whittled down

We have finally reached the first deadline at the state legislature and it couldn’t have come fast enough. We started off this session tracking 314 bills and, after the deadline, we are now tracking 70 bills. We will spend the next couple of weeks hearing bills on the floor in the house of origin. While the first couple of weeks …
March 20, 2025
Senior Management Conference set for early April in California

The Oklahoma Bankers Association 2025 Senior Management Conference is scheduled for April 6-8 at the Renaissance Esmeralda Resort & Spa, in Indian Wells, California. As is always the case, this year’s conference features an exciting lineup of speakers on a range of topics, including an economic outlook, election impacts on the Federal Home Loan Bank system, fraud issues, strategic staffing …
March 20, 2025
FinCEN halts fines on BOI reporting

The Financial Crimes Enforcement Network announced late last month it will not issue fines or penalties against companies that fail to report their beneficial ownership information by the current deadline. Instead, it plans to issue an interim rule with a new deadline and later revise the reporting requirements to ease the burden on businesses. BOI collection had been on hold …

February 16, 2025
Executive News: New legislative session cued up at state level

At noon, Monday, Feb. 3, the Oklahoma legislature convened for the First Session of the 60th Oklahoma Legislature. The legislative session will run until 5 p.m. on the final Friday in May. There were over 3,100 bills filed this year between the House and the Senate. With 31 new legislators, we were expecting a lot of bills to be filed. …

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