Industry Reports Archive

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

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

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

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

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

School Choice Bills A slate of school choice bills began to move through the legislative process this week. First, Rep. Collins’ HB 363, which clarifies the funding structure for conversion charter schools and reforms the Alabama Charter Commission appointment process, passed the House on ...Read More

Alabama Economic Development Incentives Returning from their Spring Break recess, members of the Alabama Legislature introduced four separate bills, what Gov. Kay Ivey’s administration has dubbed the “Game Plan,” to modernize and extend Alabama’s primary business incentives programs. The first bill pertains to the ...Read More