News

In This Issue… Senate members introduce bill to block IRS bank reporting requirements 2022 OBA Speaker Proposal forms due Oct. 20 OBA Emerging Leaders Academy application deadline is this week OBA Bankers’ Night Out programs begin this week in Ardmore Wednesday is last day to order Oklahoma Views and Vistas Calendar Registration open for ABA Virtual Washington Fly-In OBA education …

As early as next week, Congress is expected to begin considering a new tax reporting requirement that would require banks to report information on account flows to the Internal Revenue Service. The proposal would require financial institutions to track and submit to the IRS information on every account that has a minimum balance of $600. This proposal raises serious data …

In This Issue… Loan-to-deposit ratios reach new lows during pandemic OBA Bankers’ Night Out programs begins next week in Ardmore OBA welcomes new endorsed vendor OBA education corner … Loan-to-deposit ratios reach new lows during pandemic As a result of the COVID-19 pandemic, numerous economic stimulus initiatives were implemented, including direct payouts to consumers and small company loan schemes. The …

The Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency recently released a Joint Cybersecurity Advisory, urging businesses to defend themselves from ransomware threats during the holidays and weekends when most businesses are closed. Ransomware attacks and wire fraud with a high impact are most likely to occur just before holidays and weekends. Bankers should encourage their coworkers …

In This Issue… PPP direct loan forgiveness encouraged by SBA OBA Bankers’ Night Out programs begin in two weeks in Ardmore OBA Washington Visit to resume traditional format in 2022 OBA Emerging Leaders Academy application deadline approaching Today is the last day to order 2022 Oklahoma Views and Vistas Calendar at early-bird rate OBA education corner … PPP direct loan …

According to the Federal Reserve Bank of Kansas City, the results of the Services Survey reflect changes in a variety of activity indicators, including sales, revenue, employment, and capital spending, as well as changes in input material and selling prices. Longer-term trends can be traced using the accumulated data. To read this article in its entirety from the Federal Reserve …

Despite an economic setback caused by the COVID-19 pandemic, the housing market is steadily recovering. According to the U.S. Census Bureau and the Department of Housing and Urban Development, new single-family home sales increased to a compounded annual growth rate of 708,000 in July. To read more about this story in its entirety from ABA Banking Journal, please click here.

In This Issue… FDIC looks for banker input OBA Bankers’ Night Out sponsorships available OBA education corner … FDIC looks for banker input FDIC Chairman Jelena McWilliams and newly appointed Chief Innovation Officer Sultan Meghji have asked the banking industry for input related to innovation around four general themes. Inclusiveness — How to increase access to banking services for those …

Client satisfaction with credit card issuers fell this year as issuers attempted to accommodate customers’ demands amid ongoing economic uncertainty, according to the J.D. Power 2021 Credit Card Satisfaction Study. Satisfaction with national issuers has dropped considerably, down from 811 to 805 on a scale of 1,000.  As a result, credit card issuers are searching for the causes of this …

I can’t believe it’s already the end of summer – spending the last weekend hunting for school supplies is one way to wrap up the season. We’ve got lots of things to look forward to in the fall and I’ll touch on this in a minute. While it usually slows down a little bit here at the OBA in the …