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The 2021 Senior Management Forum dates have changed. The Forum will now be held June 20-22, at the Bellagio in Las Vegas. Keep an eye out for more information on this in the coming months! Contact the OBA education department with any questions about the Forum.
December 2020
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December 22, 2020
December 2020 OBA Legal Briefs
Systemic overdraft problems Resolving escrow shortages and deficiencies An update on the Payday Lending Rule Systemic overdraft problems By Andy Zavoina Let’s talk “politically correct” and separate that from what is legally correct. The former term is used loosely to mean generally accepted by the vocal public, which in this case includes those tired of what they may view as …
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December 11, 2020
Executive News: Christmas joy … especially this year
Each December, I write this column to wish you and yours a very merry Christmas. In the past I’ve also used this opportunity to summarize what we’ve been doing for the past year. I’ve also written this column to demonstrate the value of your bank’s OBA membership, and that’s been especially true this year. Working in tandem with my colleagues …
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December 11, 2020
Consumer credit growth increases
In October, consumer credit increased at a seasonally adjusted annual rate of 2.1%. Revolving credit decreased at an annual rate of 6.7%, and nonrevolving credit increased at an annual rate of 4.8%. Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising approximately 43.2% of outstanding credit. Depository institutions and finance companies are secondary …
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December 11, 2020
Oklahoma banks show upward trajectory in third quarter
Oklahoma banks showed increasing numbers in their net income for the third quarter of 2020 according to the just-released FDIC Quarterly Banking Review. Oklahoma banks have a net income of $1.05 billion in 2020 as of the Sept. 30 numbers, compared to a net income of $1.03 billion at the same time frame in 2019. This year’s $1.05 billion is …
November 2020
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November 20, 2020
Barracuda Consulting
Barracuda Consulting specializes in working with businesses to create streamlined HR procedures related to: leadership development, advanced personality assessments, performance management, policy writing (employee handbooks), job analysis (job descriptions) as well as staffing for all levels. We offer our services to clients throughout Oklahoma. We believe an organization is strengthened by empowering its people. CONTACT INFORMATION: Contact: Jeff Faust, SHRM-CP, …
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November 19, 2020
November 2020 OBA Legal Briefs
FAQs on RESPA Section 8 The year is nearly over – Loose ends FAQs on RESPA Section 8 By Andy Zavoina When we hear “Section 8” and “RESPA” in the same sentence, violations and civil money penalties often come straight to mind. It promotes negative connotations much like hearing your dentist say, “root canal” or your accountant, “IRS” and “audit” …
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November 11, 2020
Executive News: What a mess!
As this issue of Oklahoma Banker goes to press, we still don’t know for absolute sure who the next president of the United States will be. Bummer. What DO we know? Well, we know a few things: The Oklahoma Hous e of Representatives gained some additional Republican members. The state Senate remained pretty much even. State Question 805 was soundly …
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November 11, 2020
Fed maintains rates as recovery continues
The Federal Reserve will keep its target range for the federal funds rate at zero to 0.25% as the economy remains well below levels of output seen at the start of the year, even as economic recovery continues, the Federal Open Market Committee said on Nov. 5. The committee said it expects to maintain that range until the labor market …