ABA recognizes that the power of government and regulatory bodies to shape the future of the banking industry is absolute. Our involvement and participation in the formulation and adoption of banking laws and regulations is important to insure community banks may continue to compete successfully in Alabama’s financial services marketplace.
ABA analyzes and tracks bills filed in subject areas affecting banking during legislative sessions and monitors the legislative calendar, committee meetings and floor activity for legislative issues of interest to bankers.
ABA’s President, Scott E. Latham and its Governmental Affairs Representatives, Tom Layfield and Clark Richardson, are registered lobbyists in the State of Alabama and work to coordinate the association's legislative activities. They, along with a committee of bankers, accounting professionals and legal advisors, also serve as a banking information resource for legislators, congressional members and their staff.
ABA maintains close contact with top industry officials, including the Alabama Banking Department, the Federal Deposit Insurance Corporation, the Federal Reserve Bank, the Office of the Comptroller of Currency and others to discuss pertinent issues affecting the industry. This contact helps to keep ABA on top of the major issues affecting the Alabama banking industry and to maintain the most current information available on legal, legislative and regulatory issues.
Banker involvement, however, is the key to a successful government relations process. That is why ABA has developed a system of regular banker contact with members of the Alabama Legislature and the Alabama Congressional delegation to maximize the effectiveness of the Alabama banking industry in enlisting the support of lawmakers on key banking issues. ABA’s grassroots program comprises hundreds of bankers and directors participating in ongoing meetings with their state and federal lawmakers on legislative issues of importance to the banking industry.
|© 2013 Alabama Bankers Association|