Breaking Archive

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

Question:  For the bank’s Privacy Notice, is the bank’s holding company considered an affiliate? Answer:  Reg P defines an affiliate as follows: “(1) Affiliate means any company that controls, is controlled by, or is under common control with another company.” https://www.consumerfinance.gov/rules-policy/regulations/1016/3/#a-1 Since the holding ...Read More

Q: Does CAN-SPAM require a marketing email to have some variation of “AD”, “ADV” or “ADVERTISEMENT” in the subject line? A: That is not a specific requirement. What the law requires is that there is a clear and conspicuous identification of the message as ...Read More

Budget Bills Barrel Towards Finish Line In a relatively rare move by the Alabama Legislature, both the House and Senate worked diligently through the day last Thursday, past midnight, and into early Friday morning to send both the Alabama General Fund budget, Education Trust ...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

Thursday marked the end of another grueling three-day week in the Statehouse as lawmakers moved a number of key bills through the legislative process. The Legislature has completed 18 days of the 30-day Regular Session, which must end by mid-June. Education Budget and Supplemental ...Read More