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OSBD News: Commissioner Meets With McWilliams; OSU Rural Economic Outlook Conference; CUNA Regulatory Compliance School

OSBD News: Commissioner Meets With McWilliams; OSU Rural Economic Outlook Conference; CUNA Regulatory Compliance School

Volume 10 Number 11 October 24, 2018

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2018 Commissioner Thompson and Chairman McWilliams

Commissioner Thompson Meets With Chairman McWilliams

Commissioner Mick Thompson had the opportunity to meet and visit with FDIC Chairman Jelena McWilliams while attending the 2018 OBA Annual Washington Visit. The two discussed a wide range of topics and issues concerning the banking and financial industries. Thompson said he looks forward to working with the Chairman.

2018 OSU Rural Economic Outlook

Examiners Attend 2018 OSU Rural Economic Outlook Conference

written by Doyle Jones

Oklahoma Banking Department examiners attending the OSU Rural Economic Outlook Conference included Monty Brant, Clint Duncan, Doyle Jones, Kendall McDaniel, Laurie Ridgway, Randy Willard, Ashley Wilson, and Gwen Wright. The conference centered on past, present and future issues that those individuals within the agricultural industry are facing. Topics included an economic outlook by an economist from the Federal Reserve Bank of Kansas City, plus several professors from OSU who covered economic matters related specifically to Oklahoma. An individual from the USDA spoke on changes in the overall agricultural marketplace throughout the United States and how that can impact Oklahoma agricultural business.

These were timely and relevant topics for those in the banking industry that provide services to these agricultural businesses. It is very important that regulators stay abreast of these issues as well as they can have a potentially severe impact to the banking industry. The conference also provided an opportunity for regulators to converse with those within the industry outside of our normal relationship.

Pictured above, from right to left: Randy Willard, Ashley Wilson, Clint Duncan, Doyle Jones, Gwen Wright, Laurie Ridgway, and Kendall McDaniel.

2018 CUNA Regulatory Compliance School

Davis Completes CUNA Regulatory Compliance Certification School

written by LaNell Davis

Examiner LaNell Davis recently attended the Credit Union National Association’s (CUNA) Regulatory Compliance Certification School in Denver, CO. The school’s primary focus was to provide attendees a fundamental education in credit union compliance. Secondarily, students were given the opportunity to test and earn their Credit Union Compliance Expert (CUCE) Certification.

These instructor-led classes, taught by industry experts, guided students through the many nuances of regulatory compliance facing credit unions today. The course covered NCUA Requirements and Guidance, Consumer Lending Regulations, Mortgage Lending Regulations, Deposit Account Regulations, and General Operations Regulations which touched on regulatory items such as the Bank Bribery Act, Bank Secrecy Act and Office of Foreign Assets Controls, Right to Financial Privacy, IRS Backup Withholding, Privacy of Consumer Financial Information, Electronic Signature in Global and National Commerce Act (ESIGN), and Uniform Commercial Code Articles 3 & 4. Seventy-nine students representing 32 states attended the five-day school.

Upon completion, attendees possessed the skills to make preliminary assessments, identify areas of concern, and work with colleagues to ensure the credit union is in compliance with the various areas covered during the school. Ms. Davis earned her CUCE certification while in Denver.

pictured above: LaNell Davis

Please Note:

The email address from which this communication was sent is not monitored for responses. You may send responses to regina.rainey@banking.ok.gov instead. Thank you.


Oklahoma State Banking Department

2900 North Lincoln Blvd

Oklahoma City, OK 73105

Phone (405) 521-2782

Fax (405) 522-2993

Tulsa Field Office:

Triad Center I

7666 E. 61st Street

Suite 305

Tulsa, Oklahoma 74133

Local: (918) 295-3649

Fax: (918) 893-6405

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Bank Board Meeting:

November 14, 2018

Credit Union Board Meeting:

November 13, 2018

Oklahoma Banking Department 
2900 North Lincoln Boulevard
Oklahoma City, Oklahoma  73105

Phone: 405-521-2782

Phone: 918-295-3649

Fax: 405-522-2993

Contact Us

Business Hours 
8 a.m. to 4:30 p.m.
Monday - Friday

State Holidays

State of Oklahoma Website

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