Wednesday, July 28, 2021

News

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 …

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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. …

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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 …

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ABA report: Consumer delinquencies fall in first quarter

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 …

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Week of July 12

In This Issue… Tenth District energy activity increases steadily OCC announces organizational changes OBA education corner … Tenth District energy activity increases steadily The Federal Reserve Bank of Kansas City released the second quarter Energy Survey last week, which revealed Tenth District energy activity continued to increase steadily, with revenues and profits rising at a faster pace. Activity continued to …

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OBA Emerging Leaders Academy now accepting applications

Take note the OBA 2021-22 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around …

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Week of July 5

In This Issue… CFPB flags COVID-related consumer complaints Fed to launch CECL tool in mid-July OBA Emerging Leaders Academy now accepting applications OBA education corner … CFPB flags COVID-related consumer complaints The Consumer Financial Protection Bureau recently issued a consumer complaint bulletin that focused on complaints related to certain COVID-19 relief efforts, including the suspension of monthly payments for federal …

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Week of June 28

In This Issue… Mortgage performance declines in first quarter 2022 Oklahoma Views & Vistas Calendar available for earlybird order OBA welcomes news strategic members OBA education corner … Mortgage performance declines in first quarter A recent report by the Office of the Comptroller of the Currency showed 94.2 percent of mortgages included in the report were current and performing at …

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Tenth District manufacturing activity remains strong

Federal Reserve Tenth District manufacturing activity remained strong, and expectations for future activity increased to a survey record high, according to the manufacturing survey recently released by the Fed. The index of prices paid for raw materials and prices received for finished goods compared with a month ago remained very high. Price indexes vs. a year ago posted record highs …

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Week of June 21

In This Issue… Two important fraud-related notes … Oklahoma banker receives ABA Distinguished Service Award for Compliance Report: Improved economy is great new for banks OBA education corner … Two important fraud-related notes … The OBA’s fraud department has been receiving calls and texts from bankers who were unable to get on the Oklahoma Insurance Department’s “Hoodwinked” fraud webinars at …

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