Monday, August 2, 2021

July 2021

  • July 28, 2021

    SBA allows direct PPP forgiveness, bypassing banks

    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 …

  • July 27, 2021

    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 …

  • July 23, 2021

    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. …

  • July 21, 2021

    BMA Management Support Corporation

    BMA offers expert individualized software solutions to make your Financial Institution successful. BMA is an innovative leader in software technology by providing outstanding IT, Custom Programming and Core Processing Services. Whether you have an existing bank, creating a new bank, need custom programming or IT services, our software can be built to meet your specific needs. Our team is customer …

  • July 20, 2021

    OBA Legal Briefs – January 2005 – July 2021

    July 2021 OBA Legal Briefs June 2021 OBA Legal Briefs May 2021 OBA Legal Briefs April 2021 OBA Legal Briefs March 2021 OBA Legal Briefs February 2021 OBA Legal Briefs January 2021 OBA Legal Briefs December 2020 OBA Legal Briefs November 2020 OBA Legal Briefs October 2020 OBA Legal Briefs September 2020 OBA Legal Briefs August 2020 OBA Legal Briefs …

  • July 20, 2021

    July 2021 OBA Legal Briefs

    Vacations — Required or recommended Vacations – Required or recommended By Andy Zavoina We last wrote about vacation time in the September 2019 Legal Briefs. That was a short article on the recommended necessity of taking consecutive days off. After a year of COVID-19 and everyone being couped up, summer 2021 stands to be a record as people can finally …

  • July 20, 2021

    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 …

  • July 16, 2021

    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 …

  • July 13, 2021

    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 …