Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Florida banking commissioner resigns
TALLAHASSEE, Fla. (3/16/12)--For the second time in seven months, the Florida Office of Financial Regulation (OFR) will be getting a new commissioner. Tom Grady told OFR March 6 he has resigned to become interim president of Citizens Property Insurance Corp.

Grady started his new job Monday. Citizens Property insures nearly one in four Floridians. The company saw a 27% surge in consumer complaints in 2011 when it reduced coverage for policyholders and raised rates (South Florida Sun-Sentinel March 6).

"The league has a good working relationship with OFR," Patrick La Pine, president/CEO of the League of Southeastern Credit Unions (LSCU), told News Now. "With Tom Grady just coming on board in August, we had one brief introductory meeting with him. We intend to reach out to [staff at] the governor's office in hopes we can assist them in their search for a new commissioner."

An interim director is expected to be announced Tuesday, LSCU added.

The Florida OFR has three divisions and one bureau. Among its duties, OFR regulates credit unions and banks.


RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
14 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
17 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
18 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
18 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
18 hours ago