Gov. Scott signs FDUTPA legislation

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.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 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.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.