Who oversees Florida Office of Financial Regulation?
The OFR reports to the Financial Services Commission made up of Governor Ron DeSantis and the members of the Florida Cabinet: Chief Financial Officer Jimmy Patronis, Attorney General Ashley Moody and Agriculture Commissioner Wilton Simpson.
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.
Bureau of Financial Investigations is the criminal justice arm of the agency that conducts investigations of the financial services industry and participates in joint investigations with local, state, and federal law enforcement agencies.
CFO Jimmy Patronis
The Department is made up of 13 divisions, several specialized offices and 2,000 employees providing the most efficient and effective help for you.
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 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 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 Bureau of Investigation is statutorily responsible for the investigation of alleged violations of the Florida Insurance Code by licensed and unlicensed persons and entities.
1-877-MY-FL-CFO (693-5236)
MyProfile is the online portal for the Florida Department of Financial Services' Bureau of Licensing. MyProfile allows you to: View your license(s), registration(s), appointment(s), continuing education information, and deficiencies on a pending application.
What does Florida CFO oversee?
The CFO oversees the Florida Department of Financial Services. The department provides accounting and auditing services to state agencies, acts as the state's bank by disbursing and receiving funds into the treasury, and performs other financial duties.
DEPARTMENT OF FINANCIAL SERVICES Description
The department fights financial fraud, waste and abuse in Florida; audits the state's payments; and works to make government's finances transparent. Under the CFO's direction, the department also oversees the investment of funds held in the State Treasury.
Oversight. The Department of Financial Services supervises and regulates the activities of nearly 3,000 financial institutions with assets totaling more than $8.8 trillion as of Dec. 31, 2021.
- The Federal Reserve Board.
- Office of the Comptroller of the Currency.
- Federal Deposit Insurance Corporation.
- Office of Thrift Supervision.
The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive.
The FDIC is the primary federal regulator for state-chartered banks that are not members of the Federal Reserve System. The Office of the Comptroller of the Currency (OCC) is the primary federal regulator for all national banks.
The FCA is accountable to the Treasury and, through them, to Parliament. The FCA Board, made up of executive and non-executive members, has a number of committees (both links to FCA website) as follows: Audit Committee. Oversight Committee.
The chief financial officer (CFOs) holds the top financial position in an organization. They are responsible for tracking cash flow and financial planning and analyzing the company's financial strengths and weaknesses and proposing strategic directions.
All financial institutions operate under the direction of a president, who is guided by policies set by the board of directors. Vice presidents are department heads who are sometimes also responsible for certain key clients.
- 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.
Where do I report financial institutions?
The mission of the Office of the Ombud for Financial Services Providers (FAIS Ombud) is to promote consumer protection and enhance the integrity of the financial services industry through resolving complaints impartially, expeditiously and economically.
Florida Attorney General's hotline helps victims of any type of fraud or unfair trade practices get the assistance they need; toll-Free 1-866-966-7226. Once at the Florida Bar website, click on "Consumer Services;" also see fee arbitration program, fee mediation program.
Any violations of the Florida Financial Institutions Code may be investigated by the Florida Office of Financial Regulation. This state regulatory agency exists to protect the people who do business with Florida chartered financial institutions, ensuring these institutions abide by all relevant laws and regulations.
(6) Any person who knowingly executes, or attempts to execute, a scheme or artifice to defraud a financial institution, affiliate, subsidiary, or service corporation or any other entity authorized by law to extend credit, or to obtain the moneys, funds, credits, assets, securities, or other property owned by, or under ...
To File a Complaint
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