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In This Issue… Results compiled from OBA bank vaccine survey CareerTech looks to partner with banks on apprenticeships 2021 versions of banking code, trust books available OBA education corner … Results compiled from OBA bank vaccine survey The OBA sent out last week a short survey about the COVID vaccine and whether our member banks have, or plan to have, …

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 …

Dustin Allen with the SBA’s Oklahoma District Office would like to invite all Oklahoma lenders to attend a webinar on changes coming to the PPP Forgiveness Portal. This update will focus on the new Direct Forgiveness process and how lenders can opt in. The webinar will be held on Monday, July 26 at 10 a.m. and should last 30-45 minutes. …

In This Issue… ABA urges bankers to encourage lawmakers to co-sponsor ECORA Act OBA Emerging Leaders Academy now accepting applications 2022 Oklahoma Views & Vistas Calendar available for earlybird order OBA endorses Promontory MortgagePath OBA education corner … ABA urges bankers to encourage lawmakers to co-sponsor ECORA Act ABA is calling on bankers to encourage their lawmakers to co-sponsor the …

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 …