Publications Archive

The Alabama Legislature began what is expected to be a highly charged Session with numerous controversial and impactful bills set to be debated. Both the House and the Senate used three out of their maximum 30 legislative days last week. In a shift from ...Read More

Though it’s made homeownership more affordable for nearly 5,000 Alabama households, the Mortgage Credit Certificate (MCC) is one of the most misunderstood housing programs on the market today. Tens of thousands of dollars in tax credits are available to your customers through this federal ...Read More

Q:  On Regulation E error investigations, does a customer have to be given provisional credit if the investigation is conducted within the first day of the dispute and proven the customer is liable for the purchases? A:  You’re required to provide provisional credit if ...Read More

Question:  For the bank’s Privacy Notice, is the bank’s holding company considered an affiliate? Answer:  Reg P defines an affiliate as follows: “(1) Affiliate means any company that controls, is controlled by, or is under common control with another company.” https://www.consumerfinance.gov/rules-policy/regulations/1016/3/#a-1 Since the holding ...Read More

After a long week and late night, the budgets were presented to Gov. Kay Ivey last Friday. While there was some speculation that the governor would use her authority to veto or modify the budgets, Gov. Ivey signed both the General Fund and Education ...Read More

Only seven days remain in the 2023 Regular Legislative Session. Lawmakers return on Tuesday and will meet for three legislative days next week. The session must conclude by June 19, but if the current pace continues, lawmakers could adjourn sine die by the first ...Read More

Thursday marked the end of another grueling three-day week in the Statehouse as lawmakers moved a number of key bills through the legislative process. The Legislature has completed 18 days of the 30-day Regular Session, which must end by mid-June. Education Budget and Supplemental ...Read More