Allen to Serve on MTRA Board
Sonya Allen, General Counsel for the OSBC, has been appointed to the Board of Directors of the Money Transmitter Regulators Association. She was appointed to fill a vacancy on the MTRA Board effective in May, 2007. She will serve until October 9, 2007, when Board positions will be up for election. MTRA is a national non-profit organization dedicated to the efficient and effective regulation of the money transmission industry in the United States. Incorporated in 1989, the MTRA membership consists of state regulatory authorities in 40 states and the District of Columbia who are in charge of regulating money transmitters and sellers of traveler's checks, money orders, drafts and other payment instruments. MTRA is governed by a ten-member board of directors who are elected to serve two-year terms. MTRA holds an Annual Conference, and recently launched a new examiner training school. Regarding her Board appointment, Sonya said she is honored to have been appointed to the Board, and looks forward to helping advance the ongoing efforts of MTRA in establishing a core examination report and common rating system for use by MTRA member states.
