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CFO Jimmy Patronis Statement on Preventing Negative Impacts on Credit Ratings for Floridians who have Deferred Loan Payments

12/15/2020

For Immediate Release: Tuesday, December 15, 2020
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842
 
 
CFO Jimmy Patronis Statement on Preventing Negative Impacts on Credit Ratings for Floridians who have Deferred Loan Payments
 
TALLAHASSEE, Fla. – Today at the Florida Cabinet, Florida Chief Financial Officer (CFO) Jimmy Patronis called on the Office of Financial Regulation to take steps to protect consumers credit ratings. Based on recent media reports, citizens credit ratings are being negatively affected even though they utilized deferment of payments allowed through the Coronavirus Aid, Relief, and Economic Security (CARES) Act as a result of COVID-19.

CFO Jimmy Patronis said, “COVID has changed the whole world, and many citizens are facing financial hardships due the pandemic. Families who take advantage of deferments should not have their credit rating tainted or damaged, and then have to fight to get that corrected. I have requested that the Office of Financial Regulation engage on this issue to make certain Florida’s consumers are protected. As CFO, I am committed to ensuring our credit rating agencies are doing right by our citizens while we work to get Florida back on its feet.”

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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. El Oficial Principal de Finanzas Patronis trabaja todos los días para luchar contra el fraude de seguros, apoyar a los bomberos de la Florida y garantizar que las finanzas del estado sean estables para respaldar el crecimiento financiero del estado. Siga las actividades del departamento en Facebook (FLDFS) y Twitter (@FLDFS).