News Headlines


Back to Square One for Cannabis Banking Bill

After the SAFE Banking Act failed last Congress, the OBL has renewed hope for the legislation in the near future


What is Pending Before Congress for Our Industry?

With the chaotic start to the 118th Congress, the OBL previews what we expect to work on over the next two years.


FinCEN Issues Notice of Proposed Rulemaking for Accessing and Safeguarding Beneficial Ownership Information

On December 15, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking to implement the provisions of the Corporate Transparency Act (CTA) specific to beneficial ownership information (BOI) access and safeguards. FinCEN is accepting comments on the proposed rule until February 14, 2023.


What Will the Federal Banking Regulators Do This Year?

On January 4, the Biden Administration issued its Fall 2022 Regulatory Agenda, which is a semiannual listing of rulemakings that departments and agencies expect to initiate or continue during the next six months. The agenda shows us what to expect out of the regulatory agencies this year. 


Banking Regulators Issue Warning on Cryptocurrency Risks

Events of the past year have highlighted several key risks posed by cryptoassets that banks should consider if they wish to offer crypto-related services, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said today in a joint statement


Across the Finish Line: The 134th General Assembly Concludes in the Early Morning Hours

Right up to the final minutes, OBL was advocating for the industry as the Ohio General Assembly wrapped up for the year and session. 


Senate Banking Chairman Brown to Introduce Bill Closing ‘Shadow’ Banking Loophole

Senate Banking Committee Chairman Sherrod Brown introduced a bill Tuesday that aims to close the so-called shadow banking loophole that allows retail and tech companies to offer banking services without the same stringent oversight as other financial institutions. The OBL has been in support of this bill, Ensuring all entities participating in bank-like activities follow the same regulations and capital standards is essential to protecting all Ohioans.


In the wake of the FTX Collapse, Sen. Sherrod Brown Calls for Tighter Crypto Regulations

Chair of the Senate Banking Committee, Sen. Brown is front and center calling the collapse of FTX a wakeup call for Congress to address risks posed by the largely unregulated cryptocurrency industry.


Banks Seeing an Increase in Grandparent Scams

Grandparent scams are particularly harmful fraud. Scammers prey on seniors’ love for their families and use it to gain access to funds. Learn how banks can recognize these scams and work with law enforcement to protect their customers.


Cannabis Banking Bill Working Towards a Lame Duck Deal

With weeks left in legislative calendar, the stalled SAFE Banking Act has a shot of passage before the end of the year.