Breaking Archive

MONTGOMERY, Ala., April 30, 2021 — In somewhat of a surprising move, the Alabama Legislature had little-to-no controversies on the House and Senate floors this week.  While that was certainly a good thing, especially for the banking industry, it means a litany of controversial ...Read More

MONTGOMERY, Ala., April 16, 2021 — The Legislature met for two legislative days this week and have now completed 23 legislative days since the start of the 2021 Regular Session on February 2.  Representatives and Senators dealt with a variety of hot topics this ...Read More

Q: What constitutes “demonstrable consent” when meeting ESign requirements? Are banks required to collect information that the consumer actually read the disclosure apart from just acknowledgement? A:  The statutory requirement can be found in 15 USC §7001, and reads as follows: “[T]he consumer— (i) ...Read More