Breaking | Alabama Bank News

Capitol Notes: School Choice, IVF Services Protection & Gambling Legislation under Consideration

Breaking, Capitol Notes, Politics, Publications

School Choice Bill Passes House with Modifications Gov. Kay Ivey’s top education priority, the CHOOSE Act, received a passing grade from the Alabama House of Representatives this week. The robust school choice bill passed with a vote of 69-34, but faced some opposition from ...Read More

CAPITOL NOTES: Legislature Considers Bills Concerning School Choice, DEI and IVF Status

Breaking, Capitol Notes, Politics, Publications

School Choice Clears House Committee, with Modifications Rep. Danny Garrett advanced the large-scale school choice bill championed by Gov. Kay Ivey, the CHOOSE Act, through the House Ways and Means Education Committee on Thursday. The committee passed a substitute, which made some changes to ...Read More

Legislature Considers Gaming/Lottery and School Choice Bills this Week

Breaking, Capitol Notes, Politics, Publications

House Approves Gaming, Lottery Legislation By a 70-32 vote, the House of Representatives passed a constitutional amendment allowing for casino gaming, lottery, and sports betting in Alabama, well exceeding the required 63 votes needed for passage. The House also voted 67-31 to approve legislation ...Read More

Alabama Legislature Gavels In

Breaking, Capitol Notes, Politics, Publications

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

Entertaining AHFA Video Designed to Clarify MCC Program

Breaking, Industry Reports, Publications

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

ABA Travels to Nation’s Capital for Annual DC Fly In

Breaking, Industry Reports, Politics

Bankers from across Alabama were in Washington, D.C. this week meeting with members of Congress about relevant issues impacting the banking industry. Keeping public officials abreast of legislation’s impact on our customers and institutions, including the importance of their positions on such issues, is ...Read More

WASHINGTON UPDATE: Partners in the Fight Against Elder Abuse

Breaking, Industry Reports, Publications

by Rob Nichols, American Bankers Association Each year in mid-June, we observe World Elder Abuse Awareness Day (WEAAD)—a day intended to call attention to the pervasive and worsening problem of elder abuse, including financial exploitation. According to a 2022 FinCEN advisory, elder fraud scams ...Read More

Compliance Q&A: Reg E Error Investigations

Breaking, Compliance Q&A, Publications

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

Compliance Q&A: Privacy Notice Considerations

Breaking, Compliance Q&A, Publications

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

Compliance Q&A: CAN-SPAM and Marketing Email Requirements

Breaking, Compliance Q&A, Industry Reports, Publications

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

Breaking Archive