LANSING, Mich. (8/20/13)--Ken Ross, who served as commissioner of the Michigan Office of Financial and Insurance Regulation (OFIR), has been named the new executive vice president and chief operating officer of the Michigan Credit Union League.
"Ken is a true professional who brings a wealth of experience and expertise that would be the envy of any organization in the financial industry," said MCUL & Affiliates president/CEO David Adams.
"As Michigan's first chief regulator of financial institutions with a credit union background, Ken understands the industry, the challenges we face in a today's complex regulatory environment and the services we provide in the community."
Ross was appointed OFIR commissioner by Gov. Jennifer Granholm in 2008 and continued serving under Gov. Rick Snyder until 2011.
As commissioner, Ross helped pass a legislative package that protects Michigan consumers from mortgage fraud by requiring the registration of mortgage loan officers. He also oversaw the passage of the re-codified Michigan Uniform Securities Act that provides enhanced penalties against perpetrators of securities fraud.
Ross served as the league's vice president of regulatory and legal affairs before his time at OFIR. OFIR today is today called the Department of Insurance and Financial Services.