Industry Reports Archive

By Sarah Edwards, McGlinchey What’s up and coming around the corner for the payments industry? Below we discuss three areas of innovation in payments that banks should be monitoring: the Real Time Payments Network, the FedNow Service, and the OCC Payments Charter. Real Time ...Read More

by Rob Nichols After months of planning and preparation—and if we’re being honest, a little angst—Americans went to the polls in record numbers in early November to cast their votes in presidential, state and local races. The contest topping the ticket was one of ...Read More

by Rob Nichols Is racism baked into our nation’s systems of justice, health and education, or are there disproportionate correlations between race, poverty and crime? Are people too quick to accuse others of racism, or are those in positions of power too slow to ...Read More

by Dhruv Sharma, McGlinchey On Jan. 1, California’s Consumer Privacy Act (“CCPA”) went into effect, activating the most onerous privacy regime in the nation. Broadly speaking, CCPA grants consumers the right to know what personal information is being collected from them; know how that ...Read More

Legislative leaders this week provided important updates on the schedule for the remainder of the Alabama Legislature’s 2020 Regular Session. As a reminder, legislators left Montgomery on March 12 for a planned spring break period, with representatives scheduled to return to the State House ...Read More

OCC Revises Short-Term Investment Fund Rule https://www.occ.gov/news-issuances/federal-register/2020/nr-occ-2020-38-federal-register.pdf The Office of the Comptroller of the Currency (OCC) today announced an interim final rule to revise its short-term investment fund (STIF) rule for national banks acting in a fiduciary capacity. The rule allows the OCC to ...Read More

The Alabama Bankers Association encourages consumers to be vigilant in protecting themselves from fraudulent activity particularly during the latest COVID-19 Coronavirus environment. Scammers will be working around the clock to deceive individuals into providing sensitive, personal information in order to wipe out their bank ...Read More