Politics Archive

by Rob Nichols, president and CEO of the American Bankers Association One of the reasons the banking industry is seeing an improved policy environment in Washington is because bankers have spent the last few years telling their stories. They didn’t ask for regulatory relief ...Read More

Background On March 14, the United States Senate passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which if enacted would provide significant regulatory relief to smaller financial institutions, including community banks, credit unions, midsize banks, small regional banks, and custody ...Read More

The light at the end of the tunnel is finally visible, as talk around the State House this week revealed that House and Senate leaders are planning to make March 29 the final day of the 2018 Regular Session. If that plan holds true, ...Read More

MARCH 9, 2018 — A legislative priority for the State Banking Department and Alabama Banking Superintendent Mike Hill advanced out of a House committee this week, while a payday lending bill was the center of attention Thursday afternoon on the Senate floor. On Wednesday, ...Read More

FEBRUARY 23, 2018 — Legislation allowing county commissions to select a public depository at any time (rather than during a very narrow window of time every December) passed the Legislature on Tuesday. Senate Bill 60, sponsored by Sen. Clay Scofield (R-Arab) and managed in ...Read More

FEBRUARY 16, 2018 — The sixth week of the 2018 Regular Session saw two association-backed bills take major steps toward enactment as well as the introduction of three bills that the association had been working on for some time behind-the-scenes. On Tuesday, the Senate ...Read More

FEBRUARY 2, 2018 — Two bills of importance to Alabama banks made significant advancements during week four of the 2018 Legislative Session. The first bill, Senate Bill 60, was unanimously approved by the Senate on Thursday afternoon. Sponsored by Sen. Clay Scofield (R-Arab), the ...Read More