News

In This Issue… Oklahoma banks show upward trajectory in third quarter results Biden taps former Fed Chair Yellen for Treasury secretary OBA soliciting CD bids OBA education corner … Oklahoma banks show upward trajectory in third quarter results Oklahoma banks showed increasing numbers in their net income for the third quarter of 2020 according to the just-released FDIC Quarterly Banking …

Last week, the U.S. District Court for the District of Columbia issued its opinion in a case entitled, WP Company LLC d/b/a The Washington Post vs. the U.S. Small Business Administration, et al. The case involves two actions brought under the Freedom of Information Act regarding disclosure of the names, addresses and precise loan amounts as requested by the plaintiffs. On …

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 …

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 …

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, …

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application requirements for establishment, relocation of branches As part of its ongoing effort to review and rescind outdated or irrelevant regulations and guidance, the FDIC has issued a final rule amending its application requirements for the establishment and relocation …

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 …

The ABA conducted a national survey on how Americans bank, before and during COVID-19. For the first time ever, bank customers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found bank customers preferred mobile apps both …

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 …

Link to discussion with Frank Keating and Mike Hunter (Anti 805)   Link to discussion with Kris Steele and Gene Rainbolt (Pro 805)