Breaking | Alabama Bank News

Cryptocurrency Bills Introduced in the Alabama Legislature

Breaking, Capitol Notes, Publications

Cryptocurrency Bills Introduced in the Alabama Legislature Last week, three cryptocurrency bills were introduced in the Alabama Legislature, one of which could impact Alabama banks. Senate Bill 283, introduced by Sen. Will Barfoot, R-Pike Road, authorizes the State Treasurer to invest up to 10 ...Read More

Public Hearing Held on Harmful Debanking Bill

Breaking, Capitol Notes, Politics, Publications

Public Hearing Held on Harmful Debanking Bill ABA Chairman Macke Mauldin and ABA President & CEO Scott Latham testified last Thursday before the Senate Banking Committee on SB228 which is the Equality in Financial Services Act. Expressing industry opposition to the bill, Mauldin highlighted ...Read More

Harmful Debanking Bill Introduced in the Alabama Legislature this Week

Breaking, Capitol Notes, Politics, Publications

Senate Bill 228 and House Bill 418, sponsored by Sen. Andrew Jones of Centre and Rep. Jamie Kiel of Russellville, entitled the Equality in Financial Services Act, will jeopardize the ability of banks to select their clients based on business considerations and require banks ...Read More

Variety of Bills Considered This Week in the Alabama Legislature

Breaking, Capitol Notes, Publications

Pharmacy Reimbursement Bills Get Senate Hearings Two bills that would increase fees paid to pharmacists for prescription drugs were heard this week in the Senate Banking & Insurance Committee. Sen. Andrew Jones’s SB93 and Sen. Larry Stutts’s SB99 seek to address concerns voiced by ...Read More

Economic Development Bills Progressing

Breaking, Capitol Notes, Politics, Publications

Economic Development Bills Progressing House Passes Proposal to Create Alabama Development Fund A new economic development tool for Alabama, HB 243, by Rep. Andy Whitt, was introduced this week, amending the amount of tax abatements new businesses can receive. The stated purpose of the ...Read More

Legislature Gavels In for 2025

Breaking, Capitol Notes, Economic News, Industry Reports, Legal, Politics, Publications

The Alabama Legislature began its 2025 regular session last week. Both the House and Senate convened, as required by the Alabama Constitution, and passed legislation during its initial three-day week. Gudger Unanimously Elected to Senate’s Top Post Following the appointment of former Senate President ...Read More

Breaking, Legal

Alabama Supreme Court Designates Alabama Law Foundation as Sole IOLTA Recipient Starting February 2025 The Alabama Supreme Court has issued a new ruling that will significantly alter the administration of Interest on Lawyers’ Trust Accounts (IOLTA) in the state. Effective Feb. 15, the Alabama ...Read More

Why First Step is the Right Step: Reach More First-Time Homebuyers with AHFA

Breaking, Economic News, Industry Reports, Publications

In an uncertain economy, one thing is sure: A First Step Mortgage Revenue Bond loan from AHFA helps homebuyers save thousands. On a median-priced home with a 30-year FHA loan, that’s an average savings* of more than $56,000 – about $1875 per year for ...Read More

Capitol Notes: Legislature Adjourns

Breaking, Capitol Notes, Politics

The Legislature adjourned sine die yesterday thus concluding the 2024 Regular Session. Below is a report of what happened during the final week. Alabama Legislature Passes Record-Breaking Budgets The Alabama Legislature recently completed its duty of passing budgets for the upcoming fiscal year (FY25). ...Read More

Education, General Fund Budgets Near Final Passage

Breaking, Capitol Notes, Politics, Publications

Education, General Fund Budgets Near Final Passage Both the House and Senate have passed their versions of the state’s two budgets, leaving just three days for final negotiations before the legislative session ends. Here’s a breakdown of the key points: Record Education Funding: The ...Read More

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