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Florida Department of Financial Services (FLDFS) is a state agency of Florida.Its headquarters are in Tallahassee. [1] In 2002 the Florida Legislature merged the Department of Insurance, Treasury and State Fire Marshal and the Department of Banking and Finance into one department, the Florida Department of Financial Services.
Tom Gallagher was the first state CFO and a former treasurer/insurance commissioner/fire marshal. Gallagher retired from the position in 2006 and Alex Sink (D), a Florida business executive and the wife of former Florida gubernatorial candidate Bill McBride, was elected on November 7, 2006.
For example, a national bank generally must limit its total outstanding loans and credits to any single borrower to no more than 15% of the bank's total capital and surplus. [15] [full citation needed] Some state banking regulations also contain similar lending limits applicable to state-chartered banks. [16]
The Biden-appointed acting comptroller of the currency, Michael Hsu, who oversees national bank regulation, fought diligently to ensure federal bank regulations supersede state regulations.
The Chief Financial Officer of Florida is a statewide constitutional officer of Florida. The office was created in 2002 following the 1998 reforms of the Florida Cabinet. The CFO is a combination of the former offices of State Comptroller of Florida and Florida State Treasurer/Insurance Commissioner/Fire Marshal.
The new state law , signed by Florida Gov. Ron DeSantis in May, declares it would be “unsafe and unsound” for banks to consider non-financial factors like politics, religion or environmental ...
Florida Fish and Wildlife Conservation Commission (FWCC) Other executive branch agencies and departments nominally under the authority of the Cabinet include: [ 1 ] [ 2 ] Florida Department of Highway Safety and Motor Vehicles (DHSMV)
The United States relies on state-level bank supervisors (or "state regulators", e.g. the New York State Department of Financial Services), and at the federal level on a number of agencies involved in the prudential supervision of credit institutions: for banks, the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit ...