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banking

Report claims SPLC moved millions into foreign accounts

By Brandon Moseley Alabama Political Reporter Thursday, August, 31, 2017, the Washington Free Beacon’s Joe Schoffstall is reporting that the Montgomery based Southern Poverty Law Center (SPLC), a 501(c)(3) tax-exempt “charitable” organization, has transferred millions of dollars in cash to foreign accounts in the Cayman Islands, British Virgin Islands and Bermuda. According to the research done … Continued
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September 1, 2017

Payday Loan Legislation gets favorable report

By Brandon Moseley Alabama Political Reporter Wednesday, May 10, 2017, the Senate Banking and Insurance Committee approve a plan to more closely regulate the Payday Loan business. The Committee gave a favorable report to both Senate Bill 404 and House Bill 535. The two payday lender reform bills are the same plan, but SB404 was … Continued
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May 11, 2017

Shelby Assigned to Environment and Public Works Committee

By Brandon Moseley Alabama Political Reporter Monday, February 12, 2017, US Senator Richard Shelby (R-Alabama) joined the Senate Committee on Environment and Public Works (EPW). Senator Shelby is taking the committee seat that was vacated when Jeff Sessions was confirmed as US Attorney General. Senator Richard Shelby said, “I’m pleased to announce that I am … Continued
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February 14, 2017

Shelby to Chair Senate Rules Committee

By Brandon Moseley Alabama Political Reporter Wednesday, January 25, 2017 U.S. Senator Richard Shelby (R from Alabama) announced that he has been named the chairman of the United States Senate Committee on Rules and Administration. Sen. Shelby said, “It is an honor to lead the Senate Rules Committee and to continue to serve on the … Continued
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January 27, 2017

Governor Bentley Appoints Mike Hill as the Superintendent of the State Banking Department

By Brandon Moseley Alabama Political Reporter Friday July 1, 2016, Alabama Governor Robert Bentley (R) announced that he was appointing State Representative Mike Hill (R-Columbiana) as the Superintendent of the State Banking Department. Representative Hill is replacing John D. Harrison who retired on Thursday after 11 years of service. Gov. Bentley said in a statement, … Continued
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July 5, 2016

Lawsuit Lending Bill Carried Over

By Brandon Moseley Alabama Political Reporter On Thursday, March 3, the Alabama Senate carried over Senate Bill 67 sponsored by Senator Cam Ward (R-Alabaster). Senator Paul Bussman (R-Cullman) objected to the bill and said that it went too far. SB67 would effectively end the lawsuit loan industry in Alabama. This is when someone borrows money … Continued
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March 4, 2016
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Time to Lend the Poor a Hand by Shining a Light on Lawsuit Lending

By State Senator Cam Ward For decades, Alabama was known as “tort hell.” The legal environment was tilted toward plaintiffs and businesses were taking it hard on the chin. This made some trial lawyers very wealthy, but it cost Alabama untold thousands of jobs as businesses and doctors went elsewhere. During the 1990s, voters flipped … Continued
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January 21, 2016

Shelby Speaks to MARC in Vestavia

By Brandon Moseley Alabama Political Reporter On Saturday, January 9, US Senator Richard Shelby (R-Alabama) told a packed house at the Mid Alabama Republican Club in Vestavia Hills that he always wanted to earn his way and that is what he wants to do. Senator Richard Shelby said that he was elected to the Alabama … Continued
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January 11, 2016

Shelby Says Dodd-Frank Should be Repealed

By Brandon Moseley Alabama Politcal Reporter Tuesday, December 8, US Senator Richard Shelby (R-Alabama) urged legislators to repeal the controversial Dodd-Frank Act. Sen. Richard Shelby said in a statement, “More than five years ago, the 2,300 page financial overhaul known as Dodd-Frank was signed into law. Since its enactment, the negative impacts of Dodd-Frank on … Continued
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December 10, 2015

Shelby Says Export-Import Bank Problems Beyond Repair

By Brandon MoseleyAlabama Political Reporter Wednesday, June 10, 2015 US Senator Richard Shelby (R-Alabama), spoke on the Senate floor in opposition to the Export-Import Bank of the United States.  Sen. Shelby said, “I believe that Ex-Im has outlived its usefulness and should be allowed to expire.” The controversial bank is currently only authorized through June … Continued
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June 11, 2015