Michigan Regulator Ross Returning to Credit Unions
Ken Ross is returning to work for the Michigan Credit Union League & Affiliates as its new executive vice president and chief operating officer.
From 2008 to 2011, Ross served as the commissioner of Michigan’s Office of Financial and Insurance Regulation, which has been renamed the Department of Insurance and Financial Services. Before his state appointment, Ross worked as MCUL’s vice president of regulatory and legal affairs.
“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 today’s complex regulatory environment and the services we provide in the community,” Adams said in the announcement on Monday
As commissioner, Ross’ accomplishments include passing a legislative package that protects Michigan consumers from mortgage fraud by requiring the registration of mortgage loan officers, the league said.
He also oversaw the passage of the re-codified Michigan Uniform Securities Act that provides enhanced penalties against perpetrators of securities fraud.
“I am honored and excited to rejoin an organization whose number one focus is to preserve and promote the credit union difference,” Ross said in the MCUL announcement. “To keep Michigan’s financial future strong, we must also make sure ordinary families and small businesses are on solid financial footing, and credit unions across Michigan are doing that work every day in countless ways.”