According to the Bureau of Labor Statistics, total nonfarm payroll employment increased by 235,000 in August. In August, the total number of unemployed people fell to 8.4 million, and the unemployment rate fell to 5.2%. Professional and business services, transportation and warehousing, private education and manufacturing accounted for the majority of employment growth in August. To read this story in its …

In This Issue… Senate members introduce bill to block IRS bank reporting requirements 2022 OBA Speaker Proposal forms due Oct. 20 OBA Emerging Leaders Academy application deadline is this week OBA Bankers’ Night Out programs begin this week in Ardmore Wednesday is last day to order Oklahoma Views and Vistas Calendar Registration open for ABA Virtual Washington Fly-In OBA education …

As early as next week, Congress is expected to begin considering a new tax reporting requirement that would require banks to report information on account flows to the Internal Revenue Service. The proposal would require financial institutions to track and submit to the IRS information on every account that has a minimum balance of $600. This proposal raises serious data …

In This Issue… Loan-to-deposit ratios reach new lows during pandemic OBA Bankers’ Night Out programs begins next week in Ardmore OBA welcomes new endorsed vendor OBA education corner … Loan-to-deposit ratios reach new lows during pandemic As a result of the COVID-19 pandemic, numerous economic stimulus initiatives were implemented, including direct payouts to consumers and small company loan schemes. The …

The Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency recently released a Joint Cybersecurity Advisory, urging businesses to defend themselves from ransomware threats during the holidays and weekends when most businesses are closed. Ransomware attacks and wire fraud with a high impact are most likely to occur just before holidays and weekends. Bankers should encourage their coworkers …

The Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency recently released a Joint Cybersecurity Advisory, urging businesses to defend themselves from ransomware threats during the holidays and weekends when most businesses are closed. Ransomware attacks and wire fraud with a high impact are most likely to occur just before holidays and weekends. Bankers should encourage their coworkers …

In This Issue… PPP direct loan forgiveness encouraged by SBA OBA Bankers’ Night Out programs begin in two weeks in Ardmore OBA Washington Visit to resume traditional format in 2022 OBA Emerging Leaders Academy application deadline approaching Today is the last day to order 2022 Oklahoma Views and Vistas Calendar at early-bird rate OBA education corner … PPP direct loan …

According to the Federal Reserve Bank of Kansas City, the results of the Services Survey reflect changes in a variety of activity indicators, including sales, revenue, employment, and capital spending, as well as changes in input material and selling prices. Longer-term trends can be traced using the accumulated data. To read this article in its entirety from the Federal Reserve …

Our federal law enforcement partners have been working overtime to try to help banks stay ahead of the challenges encountered with both cyber-criminals and bad actors that impact bank ATMs in multiple ways. Law enforcement partners and our statewide MAFIA groups have shared multiple resources and tools, which we are including in this Fraud Alert. Let’s get started! •         • …

Despite an economic setback caused by the COVID-19 pandemic, the housing market is steadily recovering. According to the U.S. Census Bureau and the Department of Housing and Urban Development, new single-family home sales increased to a compounded annual growth rate of 708,000 in July. To read more about this story in its entirety from ABA Banking Journal, please click here.