Legal | Alabama Bank News

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal

by Charles W. Prueter The United States Code — the collection of all bills passed by Congress and signed into law by the president — is comprised of 53 “titles,” each addressing a particular subject matter. They cover the waterfront — literally, as the ...Read More

Capitol Notes: Week 2 Recap

Breaking, Capitol Notes, Legal, Politics, Publications

MONTGOMERY, Ala., February 12, 2021 — The Alabama Legislature met for a second consecutive three-day week, meaning even though the 2021 session began just last week, it is now one-fifth complete. Week 2 saw the quick passage of three major pro-business priorities, the introduction ...Read More

What Alabama Banks Should Know About The California Consumer Privacy Act

Board Briefs, Breaking, Industry Reports, Legal, Publications

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

Federal Court: PPP Loan Applicants Can’t Sue the Bank over PPP Rules

Board Briefs, Breaking, Legal, Publications

by Brian Malcom With the promise of low-interest or no-interest loans, and even the possibility of loan forgiveness, small businesses rocked by COVID-19 have recently turned to banks to apply for federally guaranteed funds. These funds are vital to many small businesses in order ...Read More

Alabama Legislature Concludes its 2020 Regular Session

Breaking, Capitol Notes, Industry Reports, Legal, Politics, Publications

MONTGOMERY, Ala., May 22, 2020 — The oddest session of the Alabama Legislature in recent memory, if ever, adjourned on Monday. Disrupted by the coronavirus pandemic, more than half of the actual working days of the session were conducted in a State House closed ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller Not one aspect of public life has gone unaffected by the current COVID-19 crisis — not even the Supreme Court’s building operations or oral argument schedule. The Court has postponed the next batch of oral arguments scheduled for March 23-25 ...Read More

2020 Regular Session: Week 6 Recap

Breaking, Legal, Politics, Publications

The last week of the legislative session before a lengthy spring break was filled with an extra dose of tension, as a pair of controversial bills hit the Senate floor and fears over a global health pandemic seized the state capital. On Tuesday, Senators ...Read More

I’ll Hang Up and Listen: Eleventh Circuit Endorses Narrow Definition of TCPA Autodialer

Board Briefs, Breaking, Industry Reports, Legal, Publications

By Grant Premo Lawsuits alleging claims under the Telephone Consumer Protection Act (commonly referred to as the “TCPA”) have more than tripled since 2011. A recent decision by the Eleventh Circuit Court of Appeals, however, may stem the tide of TCPA claims. On Jan. ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles Prueter, Waller On the first Tuesday in March, the Supreme Court will hear oral argument in a momentous case: Seila Law LLC v. Consumer Financial Protection Bureau, No. 19-7. Readers familiar with this piece of litigation will recall that the question here ...Read More

Compliance Q&A: Dower Rights and Real Estate

Compliance Q&A, Industry Reports, Legal, Publications

Question: We do business in a state with dower rights. I just want to make sure that a spouse who is not on the title to real estate but uses the home as a primary residence does not receive the right to rescind—is this ...Read More

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