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January 2021
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January 25, 2021
Federal agencies issue FAQs on suspicious activity reporting
The federal banking agencies on Jan. 19 issued a set of frequently asked questions providing clarity about suspicious activity reporting and other anti-money laundering issues. The agencies issued the FAQs at the recommendation of the Bank Secrecy Act Advisory Group, of which ABA is a member. The FAQs clarify existing expectations and do not establish new requirements. The agencies said …
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January 21, 2021
January 2021 OBA Legal Briefs
Second round of stimulus payments Accepting OK Real ID receipts Special purpose credit programs BSA revisions Second round of stimulus payments By Pauli D. Loeffler With the first round of stimulus payments, customers who died prior to receipt were not eligible to receive them. This was made clear by on the IRS’s Economic Impact Payment Information Center website (https://www.irs.gov/coronavirus/economic-impact-payment-information-center) in …
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January 20, 2021
Keep up with latest PPP information!
The OBA is keeping its member banks appraised of all the latest Paycheck Protection Program information. Continue to follow the OBA’s OK Banker Directs and OBA Updates to get the most up-to-date information. You can also look back to archived issues of both these publications in case you missed one, or want to give it another look over! OK Banker …
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January 19, 2021
GSB-Madison offers pair of scholarships for 2021
The Graduate School of Banking at Madison, Wisconsin, is offering a couple of scholarship for the 2021 school year to a pair of its schools. GSB-Madison plans to award both the HR School scholarship and the Graduate Banking School scholarship in the coming months. Here’s additional info: HR Virtual School Scholarship — $700 The school will start April 12 and …
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January 13, 2021
SBA releases technical information for PPP system
The SBA released technical information tonight that lenders will need to access the updated Paycheck Protection Program loan portal system. The portal opens Monday but only for “community financial institutions,” which mean CDFIs, MDIs, certified development companies and microloan intermediaries. The first part released tonight contains information regarding API technical information. The second part is the SBA Paycheck Protection Platform …
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January 12, 2021
Week of Jan. 11
In This Issue… SBA releases technical information for PPP system Common questions answered about PPP reopening OBA education corner … SBA releases technical information for PPP system The SBA released technical information tonight that lenders will need to access the updated Paycheck Protection Program loan portal system. The portal opens Monday but only for “community financial institutions,” which mean CDFIs, …
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January 11, 2021
Executive News: Well … now what?
The result of the presidential election a couple of months ago has now been certified by the U.S. Senate, Vice President Mike Pence presiding. Joe Biden is now, officially, the president-elect. But it didn’t come easy. As every banker and probably e very bank customer knows by now, our nation withstood an assault on the sacred grounds of the U.S. …
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January 11, 2021
Adrian Beverage named successor to OBA president/CEO
The Oklahoma Bankers Association announced Thursday that, after a nationwide executive search, Adrian Beverage has been chosen as its next president and CEO, effective May 1, 2021. “With our partners at Schnake Turnbo Frank, our 10-member succession committee conducted an objective, dynamic process to select the next president and CEO of the OBA,” said Rick Walker, chairman of the OBA …
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January 11, 2021
COVID relief package passes; latest PPP round underway
In late December, shortly before the holiday season began, Congress cast final votes to pass the $900 billion bipartisan coronavirus relief package. Shortly afterward, the bill was signed by President Trump and put into action. The bill did include more funds for a new round of the Paycheck Protection Program, and that round is currently underway as this issue of …