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Gov. Scott signs FDUTPA legislation

admin1 min readJune 27, 2017

Yesterday, Gov. Rick Scott signed HB 1347 exempting credit unions from regulation and lawsuits under the Florida Deceptive and Unfair Trades Practices Act (FDUTPA). Banks and savings and loans associations were already exempted from FDUTPA and the League’s Advocacy team was successful in guiding this legislation to passage during the 2017 Legislative Session. The League […]

Yesterday, Gov. Rick Scott signed HB 1347 exempting credit unions from regulation and lawsuits under the Florida Deceptive and Unfair Trades Practices Act (FDUTPA). Banks and savings and loans associations were already exempted from FDUTPA and the League’s Advocacy team was successful in guiding this legislation to passage during the 2017 Legislative Session.

The League thanks the governor, along with the sponsors of the bill, Rep. Shevrin Jones (D-West Park) and Sen. Bobby Powell (D-Riviera Beach). The law is effective July 1, 2017.

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The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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