Monday, November 30, 2020

Cami ten Napel

Week of Nov. 23

In This Issue… OCC finalizes update to activities and operations rule OBA offices closed during Thanksgiving OBA education corner … OCC finalizes update to activities and operations rule The Office of the Comptroller of the Currency on Monday issued a final rule that updates its rules for national bank and federal savings association activities and operations. The rule is part …

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Mobile, online banking notch 99% approval rating

Mobile and online banking experiences were rated as ‘excellent’ ‘very good’ or ‘good’ by 99% of consumers, a record high, according to a new ABA/Morning Consult survey released Nov. 23, topping last year’s record by four percentage points. According to the survey, 84% of consumers said innovation and technological improvements by banks are making it easier to access financial services and …

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Household debt rises by $87 billion in third quarter

Household debt rose by 0.6% in the third quarter of 2020, rising by $87 billion to land at $14.35 trillion, the Federal Reserve Bank of New York reported Tuesday. The increase more than offset the second quarter decline of 0.2% that was the first decrease since 2014 and the largest drop since 2013. Mortgage balances, the largest component of household debt, …

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Week of Nov. 16

In This Issue… FDIC amends application requirements for establishment, relocation of branches Order holiday closing signs now OBA education corner … FDIC amends application requirements for establishment, relocation of branches As part of its ongoing effort to review and rescind outdated or irrelevant regulations and guidance, the FDIC has issued a final rule amending its application requirements for the establishment and relocation …

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OBA holiday hours

The OBA will be adjusting its hours for the holidays. We will be closed for Thanksgiving (Thursday, Nov. 26) and the day after (Friday, Nov. 27). We will also be closed for Christmas Eve (Thursday, Dec. 24) and Christmas Day (Friday, Dec. 25).  We will close at noon on New Year’s Eve (Dec. 31) and be closed all day on …

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Week of Nov. 9

In This Issue… Small business optimism remains unchanged in October Check out OBA’s Strategic Members COVID-19 Resource Page OBA education corner … Small business optimism remains unchanged in October The NFIB Small Business Optimism Index remained unchanged in October, measuring 104 points. While business conditions have improved, many respondents reported increased uncertainty driven by the elections and uncertain conditions in …

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Week of Nov. 2

In This Issue… From the chairman … OBA-hosted Zoom meeting on Wednesday will discuss 2020 election results Today is Election Day, finally! Regulatory Feedback Initiative needs YOU! Fed announces actions to make MSLP loans available to smaller businesses Promontory Interfinancial Network changes name OBA education corner … From the chairman … Time to vote We have two important state questions …

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Oklahoma Bankers Hall of Fame inductees announced, ceremony postponed

The Oklahoma Bankers Hall of Fame has announced its third class, the 2020 inductees. Bruce Benbrook, with The Stock Exchange Bank in Woodward; Steve Burrage, with FirstBank in Antlers; and Carlisle Mabrey, with Mabrey Bank in Bixby, will comprise the third group to be inducted into the Hall of Fame, as voted on by a panel of their banking industry …

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Survey: PPP drives record small business bank satisfaction

The administering of $669 billion in Paycheck Protection Plan loans to small businesses drove customer satisfaction with banks to a record high, according to J.D. Power’s Small Business Banking Satisfaction Survey released today. Small businesses gave their banks a satisfaction score of 822 out of 1,000—up 2 points from 2019. Overall, 36% of small business banking customers applied for a PPP loan …

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