Politics | Alabama Bank News

Alabama Election Overview

Breaking, Capitol Notes, Politics, Publications

(courtesy of Alabama Daily News) Governor Gov. Kay Ivey turned back eight primary challengers to win the Republican gubernatorial nomination without a runoff Tuesday earning about 55% of the vote. Blanchard, who served as an ambassador under former President Donald Trump, finished second at ...Read More

CRA Overhaul Proposed

Breaking, Industry Reports, Politics, Publications

On Thursday, the Federal Reserve, the FDIC, and the OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act. The agencies proposed changes to how CRA activities qualify for consideration, where activities are considered and how they ...Read More

Push to Repeal Durbin

Breaking, Industry Reports, Politics

Ahead of the hearing in the Senate Judiciary Committee on credit and debit card interchange fees, the American Bankers Association joined a broad coalition of national industry groups to communicate to lawmakers the serious flaws of interchange regulations and push back against efforts to ...Read More

The CFPB: A Regulator Gone Rogue

Breaking, Industry Reports, Legal, Politics

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

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

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

Capitol Notes: Legislature Takes Spring Break; Puts in Significant Hours Last Week

Breaking, Capitol Notes, Industry Reports, Politics, Publications

The Legislature met for two days last week, breaking a consistent pattern of three-day weeks during this Regular Session. Despite the “break” on Wednesday, both legislative bodies put in significant hours last week due to serious debate on a number of substantive and controversial ...Read More

Capitol Notes: Governor Signs Concealed Carry Bill; House Approves Education Budget

Breaking, Capitol Notes, Industry Reports, Politics, Publications

Lawmakers continued its session last week completing days 19, 20 and 21 of the 30-day Regular Session. Legislative leaders have indicated that lawmakers will meet two days this week before taking spring break next week. Concealed Carry Gov. Kay Ivey signed a bill Thursday ...Read More

CAPITOL NOTES: House Passes Legislation to Expand Broadband; Senate Passes Bill Allowing Concealed Carry

Breaking, Capitol Notes, Politics, Publications

The Legislature passed the halfway point of the 2022 Regular Session last week, finishing days 16,17, and 18 of the 30-day session. Lawmakers are expected to continue meeting three days per week for the foreseeable future, which could potentially lead to an early sine ...Read More

Breaking, Industry Reports, Politics

Broadband Expansion The Alabama Senate on Thursday passed legislation sponsored by Senate Majority Leader Clay Scofield aimed at expanding broadband access across the state. Senate Bill 124 would modify the Alabama Department of Economic and Community Affairs (ADECA) Broadband Accessibility Grant program and its ...Read More

Capitol Notes: Regular Legislative Session Continues

Breaking, Capitol Notes, Politics, Publications

ARPA Tax Relief The Senate passed SB 152 Thursday, which would ensure that Alabamians are not required to pay state income taxes on expanded benefits under the American Rescue Plan Act (“ARPA”). Such pandemic relief benefits include an increased child tax credit, increased dependent ...Read More

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