Ally taps former acting OCC chief as policy adviser

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Summary

Rodney Hood, former acting OCC chief and NCUA chair, will serve as a senior policy adviser to Ally CEO Michael Rhodes; No direct regulatory changes or guidance are mentioned.

Why It Matters for Texas Credit Unions

The article does not mention Texas specifically and focuses on a personnel change at a single financial institution, which does not directly impact compliance requirements for Texas credit unions.

Original Source Material

Rodney Hood, who has served as acting comptroller of the currency and chair of the National Credit Union Administration, will serve as a senior policy adviser to Ally CEO Michael Rhodes.