Alabama Bank News

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

Q: Does CAN-SPAM require a marketing email to have some variation of “AD”, “ADV” or “ADVERTISEMENT” in the subject line? A: That is not a specific requirement. What the law requires is that there is a clear and conspicuous identification of the message as ...Read More

Budget Bills Barrel Towards Finish Line In a relatively rare move by the Alabama Legislature, both the House and Senate worked diligently through the day last Thursday, past midnight, and into early Friday morning to send both the Alabama General Fund budget, Education Trust ...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

The Alabama Legislature completed its 15th legislative day yesterday, which marks the halfway point of the 2023 Regular Session. Legislative activity is heating up at the Alabama Statehouse as budgets begin to move, and a number of high-profile bills begin to work their way ...Read More

ABA’s lobbying team pushed back on two bills introduced in the Alabama Legislature on behalf of Treasurer Young Boozer that would have created the Alabama Local Government Investment Pool Program within the office of the State Treasurer. By allowing public entities to deposit monies ...Read More