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Legislative and Political Insights the Focus of Oklahoma GAC
Friday, March 23, 2018 6:50 AM

Dan Boren at Oklahoma GAC
During the Oklahoma GAC, former Oklahoma Congressman Dan Boren shared what it was like behind the scenes during the debate over the Dodd/Frank Act.

As state lawmakers rushed to meet a major legislative deadline, Oklahoma credit union advocates were gathered just a stone’s throw away for the Annual State Governmental Affairs Conference.

The day featured a discussion of both state and federal legislative agendas, an insider’s recollection of how Dodd/Frank came to being, an in-depth update of a major legal challenge facing credit unions, and a report on the status of this year’s legislative agenda.

The two-day event culminated with a legislative breakfast and visits with state lawmakers the following morning.

Former Congressman Dan Boren provided one of the day’s highlights when he discussed the birth of new regulations following the 2008 financial crisis. Boren, a Democrat, was one of the few members of the majority in Congress to vote against the Dodd/Frank Act. He reflected on the enormous pressure he received from Democrat leadership to tow the party line. The three-term Congressman said he never regretted his opposition to the measure responsible for the birth of the Consumer Financial Protection Bureau. Boren said it was an overreaction that has harmed credit unions and community banks across the country.

Conference attendees also received a look at voter sentiment heading into the 2018 midterm elections.

Pat McFerron, a veteran pollster with CMA strategies of Oklahoma City, provided insight into current dynamics at the State Capitol, unveiling results of a recent statewide survey that focused on current voter attitude.

“When developing the agenda for our GAC, our goal is always to provide a program that is diverse but has a unified, overarching goal to provide our members with the tools and information they need to become the best possible advocates for Oklahoma credit unions," said Oklahoma Credit Union Association President Nate Webb. "From the feedback we have received so far, I think we succeeded.”