<p>TALLAHASSEE, Fla. – State Sen. Kendrick Meek (D-Miami) and state Rep. Dorothy Bendross-Mindingall (D-Miami) introduced the "Florida Home Loan Protection Act," a measure they described as "the first step in saying to Florida and the banking industry that we will not allow the boundless abuse of those who are unable to protect themselves." Speaking at a press conference, Meek said, "Abusive mortgage lending has become an increasing problem in Florida. Abusive lending threatens the viability of communities and causes decreases in home ownership. It is my hope that the `Florida Home Loan Protection Act' will protect Floridians from these predatory lending practices." Also attending the press conference were representatives from AARP and the Association of Community Organizations for Reform Now (ACORN). Both groups are supporters of the measure.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.