Proposed FDIC deposit insurance increase a slippery slope
I hope that Alabama’s senators recognize the threat that comes from this proposed legislation.
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See recent postsGENIUS Act loophole threatens rural Alabama
Our rural communities are resilient, but we should not be forced to compete with unregulated markets that play by different rules.
Sen. Richard Shelby says he’s concerned about inflation
Shelby questioned Federal Reserve Chairman Jerome Powell during a Banking Committee hearing.
Alabama credit unions provide financial aid for members during COVID-19 pandemic
The Alabama Credit Union Association announced that credit unions in Alabama have continued to work to help members through the financial realities of the COVID-19 pandemic. ACUA is the division of the League of Southeastern Credit Unions & Affiliates representing Alabama credit unions. ACUA has surveyed credit unions in the state three times since the … Continued
Jones promotes plan to help small businesses by using payroll processors
Sen. Doug Jones, D-Alabama, is advocating for a plan to give small businesses another round of help in paying employees by using the services of payroll processors. The plan to help aid small businesses was featured in The New York Times Monday. Several lawmakers have become frustrated with banks delivering aid to businesses during the … Continued
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See recent postsAlabama Republican Legislature should follow Trump’s lead on lending
Earlier this month, the Trump Administration took a giant step toward helping low-income Americans by rolling back Obama-era regulations that damaged low-income Americans. At President Donald Trump’s direction, the Consumer Financial Protection Bureau signaled a possible rollback of a previous rule that severely restricted access to capital for low and lower-middle income Americans. Under the … Continued
Today is Presidents’ Day
Today is George Washington’s Birthday. For a long time, the third Monday in February was a day to simply remember the first President of the United States. In 1971, it was rebranded as President’s Day honoring all of the Presidents. It is a state and federal holiday. Most banks and government offices will be closed. … Continued
New Socialist Party is chartered in Auburn
By Brandon Moseley Alabama Political Reporter The Socialist Party of Eastern Alabama, a chapter of Socialist Party USA, announced that they were officially charted in Auburn on Friday. The groups said that this is, “A collective effort to fight for equality against the rising tide of white supremacy we were seeing on campus at Auburn … Continued
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See recent postsRichard Shelby: Curing the Disease by Killing the Economy
By Ron Crumpton Democratic Candidate for United States Senate In a recent op-ed on Dodd-Frank by my opponent Senator Richard Shelby, he promotes the idea that intrusive regulations that were put in place in by a congress bent on politicizing the Wall Street crisis as means of placing arbitrary one size fits all regulations on … Continued
Federal Reserve Board Delays New Banking Rules for Five Months
By Brandon Moseley Alabama Political Reporter On Friday, the Federal Reserve Board announced that they were delaying the implementation of the second phase of its program to simplify the administration of reserve requirements for banking institutions. In a written statement the Fed said that the delay will give it time for further development and testing … Continued