TALLAHASSEE, Fla. – The Florida Credit Union League said it will participate in a statewide “Financial Action Team” created by the state’s Chief Financial Officer, Alex Sink.
The goal of the Team is to identify federal assistance available to Florida in an effort to increase the amount of aid to Floridians facing economic crisis. “The team will analyze the recently passed Housing and Economic Recovery Act of 2008 to maximize Florida’s share of the billions in available federal dollars to help taxpayers weather a range of economic challenges,” according to the league.
The FCUL noted that RealtyTrac's July 2008 U.S. Foreclosure Market Report stated that Florida had the second-highest number of foreclosures in the nation, posting 45,884 foreclosures in July 2008 – a 14% increase from the previous month. The Florida Bankers Association, along with other groups, also is part of the Financial Action Team, which will meet for the first time in early September.
