Politics | Alabama Bank News

Preview of the 2020 Alabama Legislative Session

Breaking, Capitol Notes, Industry Reports, Politics, Publications

The 2020 Regular Session of the Alabama Legislature begins tomorrow at noon. This is the second regular session in the current four-year term for Alabama’s 140 legislators. Though representatives and senators return to Montgomery years away from their own re-election, the atmosphere remains somewhat ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Politics, Publications

by Charles W. Prueter In 2007, a bankruptcy and securities law professor at Harvard Law School proposed the creation of a new independent federal agency to enforce consumer financial protection statutes and regulations and generally to regulate the financial services sector. The professor’s proposal ...Read More

Building Success in Washington

Breaking, Industry Reports, Politics

by Rob Nichols, American Bankers Association of Alabama Between the end of September and the end of October—at the same time the House was beginning its impeachment inquiry—a remarkable thing happened. Representatives turned their attention to two different, pressing banking issues—cannabis banking and modernization ...Read More

Reframing the Credit Union Debate

Breaking, Industry Reports, Legal, Politics, Publications

by Rob Nichols For too long, banks with legitimate concerns about unbridled credit union growth have been portrayed as Goliath picking on David. The truth is that in many states, a credit union is one of the largest local financial institutions, outranking most of ...Read More

2019 Regular Session: Session Recap

Breaking, Capitol Notes, Politics, Publications

The 2019 Regular Session of the Alabama Legislature ended on May 31. The first regular session of this legislature’s four-year term, and indeed the very first session for many newly-elected legislators, was punctuated with many more “big-ticket” items than might normally be expected. Throughout ...Read More

2019 Regular Session: Week 11 Recap

Breaking, Capitol Notes, Politics

The 2019 Regular Session will end today – Friday, May 31 – two legislative and 19 calendar days ahead of schedule. But as senators and representatives prepare to head home, plans are already being made for their return to Montgomery for the second special ...Read More

2019 Regular Session: Week 10 Recap

Breaking, Capitol Notes, Politics, Publications

The first line of last week’s Capitol Notes remains the same for this week’s edition: “The calendar giveth, and the calendar taketh away.” But this time, the “calendar” in question is not the one that determines when the Legislature is or will be in ...Read More

2019 Regular Session: Week 9 Recap

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

The calendar giveth, and the calendar taketh away. On Thursday, the fifth and seventh floors of the Alabama State House were abuzz over rumors that the end of the 2019 Regular Session was finally in sight. Legislators, if the rumors were true, were going ...Read More

2019 Regular Session: Week 8 Recap

Breaking, Capitol Notes, Politics, Publications

For the Alabama Bankers Association, this was likely the most productive week of the 2019 Regular Session, as several bills discussed in previous issues of Capitol Notes took major procedural steps on Tuesday and Wednesday. For example, House Bill 304 by Rep. Merika Coleman ...Read More

Solving the Banking Industry’s Cannabis Conundrum

Breaking, Industry Reports, Politics, Publications

by Rob Nichols While there is still a healthy — and appropriate — debate on whether cannabis should be legalized at the federal level, there is growing consensus that something must be done to address the cannabis conundrum affecting banks. The need for a ...Read More

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