Alabama Supreme Court Designates Alabama Law Foundation as Sole IOLTA Recipient Starting February 2025 The Alabama Supreme Court has issued a new ruling that will significantly alter the administration of Interest on Lawyers’ Trust Accounts (IOLTA) in the state. Effective Feb. 15, the Alabama ...Read More
Legal Archive
Capitol Notes: 2023 Regular Session Nearing its End
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
Capitol Notes: School Choice Bills Advance This Week
School Choice Bills A slate of school choice bills began to move through the legislative process this week. First, Rep. Collins’ HB 363, which clarifies the funding structure for conversion charter schools and reforms the Alabama Charter Commission appointment process, passed the House on ...Read More
Capitol Notes: General Fund Budget Passes the House
The Alabama Legislature completed its 15th legislative day yesterday, which marks the halfway point of the 2023 Regular Session. Legislative activity is heating up at the Alabama Statehouse as budgets begin to move, and a number of high-profile bills begin to work their way ...Read More
Alabama Economic Development Incentives Returning from their Spring Break recess, members of the Alabama Legislature introduced four separate bills, what Gov. Kay Ivey’s administration has dubbed the “Game Plan,” to modernize and extend Alabama’s primary business incentives programs. The first bill pertains to the ...Read More
Capitol Notes: Regular Session Reconvenes
Lawmakers met this week and reconvened the 2023 Regular Session. Below is a recap of the proceedings. Next week legislators will take spring break. Budgets Released Gov. Kay Ivey transmitted her budget proposals to the Legislature this week as the Regular Session reconvened after ...Read More
The CFPB: A Regulator Gone Rogue
By Rob Nichols, American Bankers Association Since arriving at the Consumer Financial Protection Bureau last October, Director Rohit Chopra has been busy. Under his leadership, the CFPB has issued nearly 60 press releases as well as multiple reports and blog posts, many critical of ...Read More
CAPITOL NOTES: Legislature Adjourns Sine Die
MONTGOMERY, ALA., April 11, 2022 — The Alabama Legislature adjourned sine die last Thursday just before midnight. The last week of the session was eventful and at times dramatic. Legislative leadership expects Gov. Kay Ivey to call them back with a special session to ...Read More
Supreme Court Update for Banking and Financial Services Professionals
by Charles W. Prueter At least once a day, I answer my phone only to be greeted by “Heather from account services” or someone alerting me that the “warranty on your vehicle is about to expire.” (The warranty on my car expired 4 years ...Read More
Capitol Notes: Regular Session Ends
The 2021 Regular Session of the Alabama Legislature ended its 30th and final legislative day at 11:59 p.m. on Monday, ending one of the more unusual sessions in recent memory. In typical fashion, the last legislative day was full of high drama in both ...Read More