Oklahoma Bankers Association We make bankers better!

August 2021

• August 4, 2021

  OCC gives additional exam procedures for remittance transfers

  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 …
• August 3, 2021

  Week of Aug. 2

  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 …

July 2021

• July 28, 2021

  SBA allows direct PPP forgiveness, bypassing banks

  

  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 …
• July 27, 2021

  Week of July 26

  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 …
• July 23, 2021

  SBA offering webinar on changes coming to the PPP Forgiveness Portal

  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. …
• July 21, 2021

  BMA Banking Systems

  BMA’s vision provides an insight to our culture; Simplicity, agility, and humanity at the core. This means that we empower independent community banks with the systems and support that you need to grow and serve your communities. For over 40 years our core platform, IT services, API ready, and a personally assigned client success manager will partner with you for …
• July 20, 2021

  July 2021 OBA Legal Briefs

  Vacations — Required or recommended Vacations – Required or recommended By Andy Zavoina We last wrote about vacation time in the September 2019 Legal Briefs. That was a short article on the recommended necessity of taking consecutive days off. After a year of COVID-19 and everyone being couped up, summer 2021 stands to be a record as people can finally …
• July 20, 2021

  Week of July 19

  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 …
• July 19, 2021

  Executive News: Sudden resignations spark interest at state capitol

  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 …
• July 18, 2021

  Economists expect sustained rebound in market conditions

  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 …