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News Now

CU System
Barnes named California DFI commissioner
SACRAMENTO, Calif. (3/14/12)--Teveia Barnes has been appointed commissioner of the California Department of Financial Institutions (DFI), succeeding William S. Haraf,  who announced his resignation Monday.

Haraf's last day is Friday.

"Credit unions and banks in California have tremendous regard for Bill Haraf's expertise as a regulator," said Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues. "He is committed to the health of the banking system in California, well versed in the financial services marketplace, and has an exceptional professional background.  Bill has been open and fair with credit unions, and we have benefited from his strong leadership during one of the worst economic downturns in California and nationwide."

Barnes has been a partner at the law firm of Foley and Lardner LLP since 2005 and president and executive director at Lawyers For One America since 1999. She was executive director and general counsel at the Bar Association of San Francisco from 2001 to 2003.

Barnes worked at the Bank of America National Trust and Savings Association from 1986 to 1999 in multiple positions, including associate general counsel and senior vice president.

She serves on the boards of directors for the U.S. Bank Advisory Board of Northern California and On Lok Inc.

The position requires confirmation from the California State Senate.


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