Wednesday, November 20, 2019

Week of Oct. 14

In This Issue…

Credit card delinquencies fall as other consumer delinquencies rise

Consumer credit delinquencies were mixed in the second quarter, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, according to results from the ABA’s Consumer Credit Delinquency Bulletin.

Overall, delinquencies rose in eight of the 11 categories tracked by ABA while three categories fell.

The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose 10 basis points to 1.88 percent of all accounts. It remains well below the pre-recession average of 2.09 percent (from the first quarter of 2002 to the third quarter of 2007).

The ABA report defines a delinquency as a late payment that is 30 days or more overdue. You can see the entire report and release from the ABA by clicking here.

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Bankers’ Night Out events wrap up next week

Have you not yet attended a Bankers’ Night Out event this fall? You still have two more chances to do so!

A pair of Bankers’ Night Out programs are scheduled for next week to wrap up this season’s schedule. Tulsa is set for Oct. 22 while Ardmore is scheduled for Oct. 23.

Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments in your industry.

As in the past, the schedule for each of these meetings is:

5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner

PRE-REGISTRATION IS REQUIRED. The cost is $50 per person. Click here for a registration form.

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OBA education corner …

Cool weather has arrived … FINALLY! As we enjoy these cool days and nights, check out the upcoming seminar, webinars, schools and conferences:

  • BSA/AML & OFAC Compliance: Two-Part Series, Oct. 23 & Nov. 15, webinar — This is a two-part series, where we’ll discuss in Part 1 the Bank Secrecy Act provisions in general, including program requirements, risk assessments, CTRs, SARs, and the Beneficial Owner provisions, among other things. In Part 2, we’ll discuss the Customer Identification Program rules, other BSA reporting, including funds transfer recordkeeping, PEPs, pouch rules and the Office of Foreign Asset Control regulations.
  • Loan Denials & Other Adverse Action Notices, Oct. 24, webinar — This webinar will cover the compliance requirements and best practices for Adverse Action Notices under the Equal Credit Opportunity Act and Fair Credit Reporting Act.
  • Basic Bankruptcy for Bankers, Oct. 24, webinar — This webinar will introduce you to the world of bankruptcy. It is designed for lenders and support staff with the goal of educating them on the fundamentals of both consumer and commercial bankruptcy law.
  • Countdown to Nonresident Alien Changes!, Oct. 29, webinar — During this program we will focus on writing nonresident alien procedures for your frontline and back-of-the-house staff.
  • 10 Check Legal Issues to Save You Thousands, Oct. 30, webinar — Having an understanding of endorsements and handling checks is crucial to making sound check-cashing decisions.
  • Loan Structuring Basics, Oct. 31, webinar — The principal goal of this course is to enable you to appropriately structure credit exposures, matching loan type, terms and conditions to the borrower’s identified primary and secondary loan repayment sources and underlying credit risks.
  • Mortgage Lending Hot Topics, Nov. 5, webinar — Join Regulatory Compliance Counsel Michael Christians for a recap of mortgage lending compliance issues that financial institutions faced in the second half of 2019 and a look ahead at what to expect in 2020.
  • Patch the People – Education for Employees, Boards and Customers, Nov. 6, webinar — During our session, we will explore traditional ways education has been deployed and look to improve those processes with more advanced and effective methods of patching our people. We will also look at best practices for addressing similar issues with business customers and highlight common educational practices.
  • Treasury Management: A Powerful Tool to Increase Deposits and Fee Income, Nov. 7, webinar — You will walk away from this course with a deeper knowledge of Treasury Management, learn to conduct risk assessments on new products, and learn strategies to increase core deposits.
  • Nailing your Job of Head Teller, Nov. 8, webinar — Frontline staff has the best opportunity to reflect the bank’s values and ambitions for customer service. It’s essential that your frontline staff has a well-trained leader that has the capacity and takes responsibility for developing a dynamic team.
  • Loan Documentation for Secured Commercial Lending, Nov. 12, Oklahoma City — Attend this proactive seminar and receive a thorough overview of commercial lending “loan documentation” with an emphasis on “secured” transactions.
  • Loan Documentation for “Commercial Real Estate” Lending Transactions, Nov. 13, Oklahoma City — Attend this proactive seminar and receive a thorough overview of commercial real estate (CRE) loan documentation.
  • 2019 OBA Operations School, Nov. 18-22, Oklahoma City — This school is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank.

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