Bankers keep pushing for changes to legal aid funding rule

The Florida Bankers Association says it's hopeful a resolution can be reached over a new rule that affects certain accounts that generate money for legal aid programs.


  • By Louis Llovio
  • | 5:00 a.m. April 2, 2024
  • | 0 Free Articles Remaining!
The Florida State Capitol in Tallahassee
The Florida State Capitol in Tallahassee
  • Florida
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The Florida Bankers Association is hoping to reach a settlement on an issue that’s pitted the state’s bankers versus lawyers over how much interest is paid on trust accounts, money that goes toward paying for legal aid programs.

The FBA's senior vice president of government relations, Kenneth Pratt, says work is underway to “solve the problem” without the need for lawmakers after two pieces of legislation capping how much interest banks had to pay died in committees during the legislative session that ended last month.

 

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