Regulatory Alerts2026-08-12
Added
Debanking – Alabama State Banking Department Guidance – Effective September 1, 2026
All Alabama, State-chartered banks are expected to base decisions on customer relationships solely on sound business reasoning, including safety and soundness considerations like risk concentrations and compliance with anti-money laundering and Bank Secrecy Act laws, rather than political or religious beliefs or lawful business activities. Banks engaging in legal business activities driven by new technology such as Stablecoin and other fintech or cryptocurrency related activities for the first time are requested to notify the Department to facilitate examination staffing, though this notification does not require advance approval. This guidance becomes effective September 1, 2026, at which point future supervisory activities will include inquiries into banks' policies and practices regarding customer access to services.