Financial Exploitation Disclosure - Protected Adults
Oklahoma Legislative Events
Summary
Oklahoma SB2067 was passed by both chambers (Senate 46-0, House committee 8-0) and permits financial institutions to disclose or release information to government agencies for investigations of financial exploitation of protected adults. The bill amends Oklahoma's Financial Privacy Act framework and takes effect upon becoming law.
What changed
Oklahoma enacted SB2067, which adds an exception to the state's Financial Privacy Act permitting financial institutions to disclose or release financial information to government agencies and law enforcement when conducting investigations of financial exploitation of protected adults. The bill passed the Senate 46-0 and received a do-pass recommendation from the House Banking, Financial Services and Pensions Committee.
Financial institutions operating in Oklahoma—including banks, credit unions, and other regulated entities—should review and update their policies and procedures for responding to suspected financial exploitation. Staff in customer-facing and compliance roles should receive training on recognizing indicators of exploitation and the new lawful basis for disclosing information to authorities. While the bill is permissive rather than mandatory, it removes legal barriers that may have previously prevented proactive reporting.
What to do next
- Update compliance policies to permit disclosure of customer financial information in exploitation cases
- Train relevant staff on indicators of financial exploitation triggering disclosure
- Establish protocols for responding to government agency requests related to exploitation investigations
Archived snapshot
Apr 9, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oklahoma / SB2067 Passed SB2067 Senate Bill Passed 2026-03-17
Financial institutions; Financial Privacy Act; permitting disclosure or release of information for investigations of financial exploitation of protected adults. Effective date.
Bill Details
State Oklahoma
Session 2026 Regular Session
Chamber Senate
Official Source www.oklegislature.gov/BillInfo.aspx?Bill=s...
LegiScan View on LegiScan
Sponsors
Jerry Alvord (Sen - R) Mark Lepak (Rep - R) Mark Mann (Sen - D)
Action History
2026-04-08 H Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions 2026-03-30 H Referred to Banking, Financial Services and Pensions 2026-03-30 H Second Reading referred to Government Oversight 2026-03-17 H First Reading 2026-03-17 S Engrossed to House 2026-03-16 S Referred for engrossment 2026-03-16 S Measure passed: Ayes: 46 Nays: 0 2026-03-16 S General Order, Amended by Floor Substitute 2026-02-18 S Coauthored by Senator Mann 2026-02-16 S Coauthored by Representative Lepak (principal House author) 2026-02-10 S Placed on General Order 2026-02-05 S Reported Do Pass Business and Insurance committee; CR filed 2026-02-03 S Second Reading referred to Business and Insurance 2026-02-02 S Authored by Senator Alvord 2026-02-02 S First Reading
Votes
2026-02-05 Senate: Business & Insurance Committee: DO PASS Yea: 9 Nay: 0 2026-03-16 Senate: THIRD READING Yea: 46 Nay: 0 2026-04-07 House: Banking, Financial Services and Pensions Committee: DO PASS Yea: 8 Nay: 0
Committee Referrals
2026-02-03 S Business and Insurance 2026-03-30 H Government Oversight 2026-03-30 H Banking, Financial Services and Pensions
Amendments
2026-02-18 Senate Floor SB2067 (2-18-26) (MANN) FS FA1 2026-02-18 Senate Floor SB2067 (2-18-26) (MANN) FS WDFA1 2026-03-04 Senate Floor SB2067 (3-04-26) (ALVORD) FS FA2
Bill Text Versions
2026-01-15 Introduced 2026-02-09 Amended 2026-03-17 Engrossed Legislative data powered by LegiScan (CC BY 4.0)
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