The Office of the Comptroller of the Currency issued on Monday supplemental examination procedures on remittance transfers covered by Regulation E. The supplemental procedures align the OCC’s supervisory approach with amendments to Reg E by the Consumer Financial Protection Bureau that took effect July 21, 2020. The Reg E amendments permanently allow depository institutions to estimate certain fees and exchange …

In This Issue… Information about Advance Child Tax Credits deposits into closed accounts Tax commission seeks feedback on ELT system OCC gives additional exam procedures for remittance OBA Bankers’ Night Out programs ready for fall OBA education corner … Information about Advance Child Tax Credits deposits into closed accounts The OBA’s compliance department wants banks to be aware the IRS …

Politico reported today the SBA plans to outline a new initiative aimed at encouraging borrowers with loans of $150,000 or less — accounting for more than 90 percent of the pandemic-era program — to apply for loan forgiveness. According to the report, the SBA will notify banks that the agency is setting up its own online, consumer-facing forgiveness platform. Rather …

In This Issue… Tenth District services, manufacturing activity show increases 2021 Oklahoma Banking Code Book available for purchase OBA education corner … Tenth District services, manufacturing activity show increases Tenth District services activity, as well as manufacturing activity, rose in July, and expectations for future activity remained positive, according to joint releases from the Oklahoma City Federal Reserve late last …

Last month, more than 60 bankers attended the OBA’s 2021 Senior Management Forum in Las Vegas. While the temps were close to 115 degrees, it was still great to see so many bankers. It was a record crowd and just coming off our annual convention, which also had record numbers. It’s clear bankers are ready to be back in person …

The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released last month. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced …

Consumer credit delinquencies fell in the first quarter of 2021 as the economy rebounded strongly, according to results from the American Bankers Association’s latest Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in seven of the 11 loan categories tracked by ABA. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 48 basis points in the first …

In This Issue… Tenth District energy activity increases steadily OCC announces organizational changes OBA education corner … Tenth District energy activity increases steadily The Federal Reserve Bank of Kansas City released the second quarter Energy Survey last week, which revealed Tenth District energy activity continued to increase steadily, with revenues and profits rising at a faster pace. Activity continued to …

In This Issue… CFPB flags COVID-related consumer complaints Fed to launch CECL tool in mid-July OBA Emerging Leaders Academy now accepting applications OBA education corner … CFPB flags COVID-related consumer complaints The Consumer Financial Protection Bureau recently issued a consumer complaint bulletin that focused on complaints related to certain COVID-19 relief efforts, including the suspension of monthly payments for federal …

In This Issue… Mortgage performance declines in first quarter 2022 Oklahoma Views & Vistas Calendar available for earlybird order OBA welcomes news strategic members OBA education corner … Mortgage performance declines in first quarter A recent report by the Office of the Comptroller of the Currency showed 94.2 percent of mortgages included in the report were current and performing at …