Publications | Alabama Bank News

Education, General Fund Budgets Near Final Passage

Breaking, Capitol Notes, Politics, Publications

Education, General Fund Budgets Near Final Passage Both the House and Senate have passed their versions of the state’s two budgets, leaving just three days for final negotiations before the legislative session ends. Here’s a breakdown of the key points: Record Education Funding: The ...Read More

General Fund Budget Passes Senate

Capitol Notes, Politics, Publications

Senate Passes Record General Fund Budget The Alabama Senate approved a hefty $3.3 billion General Fund budget for fiscal year 2025 (FY2025) as well as a General Fund supplemental appropriations bill on Thursday. This marks the largest budget in state history, according to Sen. ...Read More

Capitol Notes: CHOOSE Act and IVF Bill Signed into Law; Gaming, Lottery Legislation Discussion Continues

Breaking, Capitol Notes, Politics, Publications

The Alabama Legislature wrapped up its 15th day yesterday reaching the halfway point of their 30-day Regular Session. The Legislature will take a recess next week and will reconvene on March 19. There’s another recess planned for the week of March 25. Governor Ivey ...Read More

Capitol Notes: School Choice, IVF Services Protection & Gambling Legislation under Consideration

Breaking, Capitol Notes, Politics, Publications

School Choice Bill Passes House with Modifications Gov. Kay Ivey’s top education priority, the CHOOSE Act, received a passing grade from the Alabama House of Representatives this week. The robust school choice bill passed with a vote of 69-34, but faced some opposition from ...Read More

CAPITOL NOTES: Legislature Considers Bills Concerning School Choice, DEI and IVF Status

Breaking, Capitol Notes, Politics, Publications

School Choice Clears House Committee, with Modifications Rep. Danny Garrett advanced the large-scale school choice bill championed by Gov. Kay Ivey, the CHOOSE Act, through the House Ways and Means Education Committee on Thursday. The committee passed a substitute, which made some changes to ...Read More

Legislature Considers Gaming/Lottery and School Choice Bills this Week

Breaking, Capitol Notes, Politics, Publications

House Approves Gaming, Lottery Legislation By a 70-32 vote, the House of Representatives passed a constitutional amendment allowing for casino gaming, lottery, and sports betting in Alabama, well exceeding the required 63 votes needed for passage. The House also voted 67-31 to approve legislation ...Read More

Alabama Legislature Gavels In

Breaking, Capitol Notes, Politics, Publications

The Alabama Legislature began what is expected to be a highly charged Session with numerous controversial and impactful bills set to be debated. Both the House and the Senate used three out of their maximum 30 legislative days last week. In a shift from ...Read More

Entertaining AHFA Video Designed to Clarify MCC Program

Breaking, Industry Reports, Publications

Though it’s made homeownership more affordable for nearly 5,000 Alabama households, the Mortgage Credit Certificate (MCC) is one of the most misunderstood housing programs on the market today. Tens of thousands of dollars in tax credits are available to your customers through this federal ...Read More

WASHINGTON UPDATE: Partners in the Fight Against Elder Abuse

Breaking, Industry Reports, Publications

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

Compliance Q&A: Reg E Error Investigations

Breaking, Compliance Q&A, Publications

Q: On Regulation E error investigations, does a customer have to be given provisional credit if the investigation is conducted within the first day of the dispute and proven the customer is liable for the purchases? A: You’re required to provide provisional credit if ...Read More

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