Federal Financial Institutions Examination Council member agencies are making several changes to the Uniform Bank Performance Report on or shortly after Monday, March 24. These changes are necessitated by the current expected credit losses methodology nomenclature changes to the March 2024 Call Reports, according to FFIEC.

Federal bank regulatory agencies jointly issued an interim final rule on Thursday that extends the applicability date of certain provisions in their Community Reinvestment Act final rule issued in October 2023. The agencies also requested comment on the extension. The agencies extended the applicability date of the facility-based assessment areas and public file provisions from April 1, 2024, to Jan. 1, 2026. …

The OBA is currently looking to fill the position of general counsel – our current legal staff remains available to assist our member bankers with their needs, however! As we search, however, we wanted our bankers to know that Pauli and the rest of our compliance staff are standing by to continue their great service! As for a new general …

The American Bankers Association joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court on Thursday to challenge the Consumer Financial Protection Bureau’s new rule limiting credit card late fees. The plaintiffs are also seeking a preliminary injunction barring the bureau from implementing the new rule. Earlier last week, the CFPB issued a final rule …

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …

The OBA is looking for bankers interested in serving as chairperson of the OBA Emerging Leaders Division. Any OBA Emerging Leaders who are currently enrolled in the OBA Emerging Leaders Academy or have previously graduated from an OBA Emerging Leaders Academy or OBA Leadership Academy are eligible for the position. The Emerging Leaders chair will serve a two-year term and …

HB 4092, Rep. Trey Caldwell’s state-level ACRE bill, passed the full House and is now headed to the Senate in the hands of Sen. Darcy Jech. We will keep you posted on this OBA-introduced bill and its progress through the process. Thank you to all who reached out and contacted your state representative about this important bill. More about HB 4092 (the …

The ACRE Act (HB 4092) is up for a vote in the State House of Representatives any day now. We need your help! Please call your State Representative and ask them to vote YES on HB 4092. What does the ACRE Act actually do? • The ACRE Act will lower the cost of credit by removing the taxation on interest …

The OBA is proud to promote the recognition of bankers who have devoted 50 or more years of service to the banking industry. All eligible nominees will be honored at the 2024 OBA Convention on May 13-15 at the Skirvin-Hilton in Oklahoma City. Click here to download a nomination form. If you have any questions, please contact Janis Reeser at 405-424-5252 …

OBA-member banks and banks across the nation are seeing an alarming increase in customers withdrawing large sums of cash and entering the cash into a local cryptocurrency ATM based on instructions received from a scammer. The Oklahoma Bankers Association urges our bankers to have conversations with their customers about these prolific scams. Bank employees should notify a supervisor when they …