Breaking Archive

Question: I have spent the afternoon looking for a simple “definition” of what a distressed and underserved community is. I have found bits and pieces, and I have found the updated lists for 2018, but we are undergoing some policy updates, and would like ...Read More

The calendar giveth, and the calendar taketh away. On Thursday, the fifth and seventh floors of the Alabama State House were abuzz over rumors that the end of the 2019 Regular Session was finally in sight. Legislators, if the rumors were true, were going ...Read More

by Richard T. Hills and Steffen Pelletier Arters, Waller In light of the recent publicity surrounding the announcement of the “merger of equals” between BB&T and SunTrust, the successful integration of the venerable southern institutions has been a topic of extensive conversation and speculation. ...Read More

For the Alabama Bankers Association, this was likely the most productive week of the 2019 Regular Session, as several bills discussed in previous issues of Capitol Notes took major procedural steps on Tuesday and Wednesday. For example, House Bill 304 by Rep. Merika Coleman ...Read More

by James E. Long, Jr. and Bruce P. Ely Unlike most states, Alabama exempts financial institutions from its corporate income tax, choosing instead to subject these entities to its financial institution excise tax (“FIET”). While it’s not uncommon for financial institutions to encounter state ...Read More

Next week could be a busy one in the State House for the Alabama Bankers Association, as three bills ABA is tracking could start moving as early as Tuesday afternoon: House Bill 419, the Financial Institution Excise Tax Reform Act, is on the House ...Read More

by Charles W. Prueter The Supreme Court has picked up its pace of late, including issuing three opinions in the last month or so in cases that were previewed on these pages. From financial consumer protection to securities enforcement to class arbitration, these cases ...Read More