DFI Employees Selected for Leadership In
National Regulatory Associations
Scruggs,
Bossier will represent Kentucky in prominent regulatory organizations
FRANKFORT, Ky. (June 14, 2017) -
Department
of Financial Institutions (DFI) employees Tammy Scruggs and Shonita Bossier have
been selected to serve in leadership positions for prestigious financial
regulation associations representing consumer credit administrators and
securities administrators.
Scruggs will
serve on the Executive Committee of the National Association of Consumer Credit
Administrators (NACCA), which was formed in 1935 to improve the supervision of
consumer credit regulatory agencies and to facilitate the administration of
laws governing these agencies. As a
member of the NACCA Executive Committee, Scruggs will work with other state
regulatory leaders from Virginia, South Carolina, Kansas, Indiana, Idaho, and
Oregon to steer the activities of the association.
Bossier will
serve as secretary of the North American Securities Administrators Association
(NASAA) Board of Directors, acting as the custodian for corporate records and
assisting the association with policy development. NASAA is the oldest international
organization devoted to investor protection, and, in the United States, the
association serves as the voice of state securities agencies responsible for
efficient capital formation. Bossier is
joined on the executive committee by regulators from Minnesota, Alabama, Maine,
Vermont, Alaska, Florida, Maryland, and Alberta, Canada. Bossier also serves on
several NASAA committees, including the Standardized Training and Technology
Committee and the Investment Adviser Section Committee.
“DFI has a
longstanding practice of seeking leadership roles in national associations, which
fosters cooperation among financial industry regulators and provides Kentucky
with a national voice,” said DFI Commissioner Charles Vice. “This is a great opportunity for Kentucky to
influence national issues.”
Scruggs is
the current director of DFI’s Division of Nondepository Institutions, where she
oversees consumer loan companies, industrial loan companies, mortgage loan
companies and brokers, mortgage loan originators, check cashers, and money
transmitters.
Bossier is the director of DFI’s Division of
Securities and is tasked with the licensing of securities firms and
professionals, registration of securities offerings, examination of firms and
individuals, and investigation of alleged violations of the Securities Act of
Kentucky.
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DFI, http://kfi.ky.gov, is an agency in the Public Protection Cabinet. For more
than 100 years, it has supervised the financial services industry by examining,
chartering, licensing, and registering various financial institutions,
securities firms and professionals operating in Kentucky. DFI’s mission is to
serve Kentucky residents and protect their financial interests by maintaining a
stable financial industry, continuing effective and efficient regulatory
oversight, promoting consumer confidence, and encouraging economic
opportunities.
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