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Politico reported today the SBA plans to outline a new initiative aimed at encouraging borrowers with loans of $150,000 or less — accounting for more than 90 percent of the pandemic-era program — to apply for loan forgiveness. According to the report, the SBA will notify banks that the agency is setting up its own online, consumer-facing forgiveness platform. Rather …

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 …

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 …

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 …

Federal bank regulatory agencies recently issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year’s ratios from June 2020. By law, a bank is generally prohibited from establishing or acquiring branches outside of its home state primarily for …

Did you happen to miss convention? Well, if so, we missed you! Luckily, we have a bevy of photos to share from the event, ready for  you to peruse. Click here to visit the convention photo page.

During our convention last week, we held a special ceremony for our recently retired president and CEO, Roger Beverage. During the ceremony, a video was shown of Sen. James Lankford giving a speech on the U.S. Senate floor commemorating Beverage’s 33 years as the OBA’s chief. Additionally, a slideshow of various photos from Beverage’s time with the OBA was shown. …

Didn’t make it to convention this year? Well, we really missed you! But we’ll have plenty of things to show from our three days in Oklahoma City last week in the coming days. For starters, below is the convention opening video that highlighted how the OBA truly is the place “where everybody knows your name!” https://www.oba.com/wp-content/uploads/2021/05/Opening-Video.mp4

The OBA Convention begins on Monday! We encourage attendees to bookmark our dedicated mobile web page for the convention, which includes the schedule, speaker bios, sponsors and more. Click here to visit the page. Those on iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen …

The consumer credit recovery continued in the fourth quarter of 2020, building off trends established last fall, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes improved across risk groups for the second consecutive quarter as the share of Revolvers (those who carry over a monthly balance) hit a new record low. The May 2021 …