Make us your home page

The Buzz

From the staff of the Tampa Bay Times

AARP jumps on Sink's bandwagon



So we know the Florida Cabinet isn't meeting until next week, and Gov. Charlie Crist is wrapping up his European sojourn.

But one of the state's more powerful voting blocks, AARP Florida, weighed in today calling for "new leadership" over mortgage regulation in the wake of the Miami Herald's investigation.

Don Saxon, the current Financial Regulation Commissioner, can't be feeling too secure. CFO Alex Sink called for his resignation on Sunday.

AARP’s Florida State Director Lori Parham issued the following statement Wednesday:

“On behalf of AARP’s 3 million members statewide, AARP is deeply disappointed in the state’s lax oversight of mortgage brokers.  It is outrageous that Florida regulators have allowed convicted criminals, including felons found guilty of financial crimes, to be allowed to hold sensitive mortgage-broker licenses or to work as loan originators.”

“Faced with rising fiscal pressure and fixed incomes, older Floridians and those living with disabilities are particularly vulnerable to mortgage fraud.  The state clearly has failed in its obligation to protect these citizens.” 

“Since 2004, Florida property insurance rates have tripled, housing costs are high, food and fuel costs are skyrocketing, prescription drug costs are rising twice as fast as overall inflation, and millions of older Floridians are one serious illness away from financial ruin.  Now the state is issuing licenses to steal to convicted felons.”

“It is time for new leadership in the Office of Financial Regulation and a new approach to protecting Florida consumers of all generations.”

--Joni James, Times state editor

[Last modified: Wednesday, September 15, 2010 10:03am]


Join the discussion: Click to view comments, add yours