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CU System
Michigan regulator OFIS changes name--now OFIR
LANSING, Mich. (4/9/08)--Michigan's state credit union regulator has changed names, from the Office of Financial and Insurance Services (OFIS), to the Office of Financial and Insurance Regulation (OFIR). The change, plus a restructuring of the office, was part of an executive order by Gov. Jennifer M. Granholm. The order went into effect Sunday. "Renaming OFIS the Office of Financial and Insurance Regulation should reinforce for Michigan consumers and businesses the fact that we're in the business of financial oversight of the Michigan financial service sector--including banking, insurance and securities," said OFIR Commissioner Ken Ross. "New name, same focus--protecting Michigan consumers." The agency's website is now www.michigan.gov/ofir. Granholm's executive order also created a new position of Automobile and Home Insurance Consumer Advocate, which will be housed in OFIR. Among the institutions OFIR regulates are 233 credit unions.


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