What agency regulates banks in Florida?
The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry.
The Office of Financial Regulation (OFR) accepts complaints or tips from concerned citizens who may have information about potential fraud or misconduct involving certain financial services that may fall under OFR's jurisdiction.
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.
The office defends the public from investment and securities fraud and protects citizens against entities that violate state laws and rules.
- Federal Deposit Insurance Corporation (FDIC) - The FDIC insures state-chartered banks that are not members of the Federal Reserve System. ...
- Federal Reserve Board - The Federal Reserve Board supervises state-chartered banks that are members of the Federal Reserve System.
Consistent with applicable law, we securely share complaints with other state and federal agencies to, among other things, facilitate: supervision activities, enforcement activities, and. monitor the market for consumer financial products and services.
The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights ...
There are numerous agencies assigned to regulate and oversee financial institutions and financial markets in the United States, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corp. (FDIC), and the Securities and Exchange Commission (SEC).
The Consumer Financial Protection Bureau (CFPB) helps consumers by providing educational materials and accepting complaints. It supervises banks, lenders, and large non-bank entities, such as credit reporting agencies and debt collection companies.
Take supervisory actions against national banks and federal thrifts that do not comply with laws and regulations or that otherwise engage in unsound practices. Remove officers and directors, negotiate agreements to change banking practices, and issue cease and desist orders as well as civil money penalties.
How do I contact the Florida Office of Financial Regulation?
If you do not have access to your existing account, or have further questions, please contact the Office at 850-410-9895.
- Statewide Toll-Free: 1-877-MY-FL-CFO (1-877-693-5236)
- Out of State Callers: (850) 413-3089.
- TDD Line: 1-800-640-0886.
- Email Address: Consumer.Services@myfloridacfo.com.
The Bureau of Investigation is statutorily responsible for the investigation of alleged violations of the Florida Insurance Code by licensed and unlicensed persons and entities.
Contact your bank directly first. It is most likely to have the specific information you need and is in the best position to resolve your problem. Visit HelpWithMyBank.gov where you will find answers to frequently asked questions and other resources. Fill out the Online Customer Complaint Form.
A state financial regulator is an employee employed by a state to ensure that banks and nonbanks operating in that state are doing so in a safe and sound manner. Each state has at least one banking or financial services agency that: Monitors safety and soundness of chartered institutions.
In addition to its role as insurer, the FDIC is the primary federal regulator of federally insured state-chartered banks that are not members of the Federal Reserve System. The FDIC carries out its mission through three major programs: insurance, supervision, and receivership management.
Having a problem with a financial product or service? We help consumers connect with financial companies to understand issues, fix errors, and get direct responses about problems. Tell us about your issue—we'll forward it to the company and work to get you a response, generally within 15 days.
Contact your state attorney general or state consumer protection office. These government agencies might mediate complaints, conduct investigations, and take other action against those who break consumer protection laws. Contact a national consumer organization.
The CFPB supervises a range of companies to assess their compliance with federal consumer financial laws. We have supervisory authority over banks, thrifts, and credit unions with assets over $10 billion, as well as their affiliates.
Select federal consumer protection statutes, which apply nationwide, include the Federal Trade Commission Act (“FTC Act”), the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), the Gramm-Leach-Bliley Act (“GLB Act”), the Truth in Lending Act (“TILA”), the Fair Credit Reporting Act (“FCRA”), ...
What are the 3 unfair business practices that concern the FTC the most?
- Consumer injury. Unjustified consumer injury is the primary focus of the FTC Act, and the most important of the three S&H criteria. ...
- Violation of public policy. ...
- Unethical or unscrupulous conduct.
If you have been targeted by an illegal business practice or scam, report it at Reportfraud.ftc.gov. If you have a question or comment about an issue, please submit it to the appropriate Bureau by one of the methods below. To learn how we may use the information you provide, please read our Privacy Policy.
Efficient regulatory reporting assists financial institutions in more effectively identifying and managing risks. It enables organisations to evaluate their exposure to different types of risks, including credit, market, and operational risks, and take suitable measures to reduce them.
The ABCs of Banking Law is an annual continuing legal education program presented by the Center for Banking and Finance that focuses on the basics of banking law for lawyers. This program introduces the banking law regulatory structure.
The Federal Reserve is the federal regulator of about 1,000 state-chartered member banks, and cooperates with state bank regulators to supervise these institutions. The Federal Reserve also regulates all bank holding companies.
