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pc nid 91514 Mar 26, 2026 pdonofrio@vixio.com Alabama Office of the Governor of Alabama horizon scanning
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Alabama Governor Issues Executive Order on Fair and Lawful Access to Financial Services

On March 26, 2026, the Office of the Governor of Alabama issued Executive Order 743 (EO 743) promoting fair and lawful access to financial services. The executive order addresses access to financial services within Alabama, establishing a framework intended to ensure fair and lawful practices in the provision of financial services to residents and businesses. The order reflects the state's commitment to maintaining equitable access to banking and financial services while upholding legal compliance standards. The executive order is effective immediately upon issuance. Stakeholders, including financial institutions operating in Alabama, should review the full text of EO 743 to understand any specific requirements or directives that may apply to their operations. The order is available through the Office of the Governor of Alabama's official website at governor.alabama.gov. REFERENCES: Office of the Governor of Alabama, Executive Order 743 – Promoting Fair and Lawful Access to Financial Services (March 26, 2026), available at: governor.alabama.gov

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Alabama Governor Issues Executive Order on Financial Inclusion

On March 26, 2026, the Governor of Alabama issued Executive Order 743 , which promotes fair and lawful access to financial services. The executive order addresses access to financial services within Alabama, establishing a framework intended to ensure fair and lawful practices in the provision of financial services to residents and businesses, reflecting the state's commitment to maintaining equitable access to banking and other financial services while upholding legal and compliance standards. Under the executive order, the Alabama State Banking Department (SBD) is directed to issue guidance, consistent with the order's provisions, to all state-chartered banking institutions regarding the state’s policy and expectations regarding banking institutions’ continued practice of engaging in safe, sound and legal business activities. The executive order takes effect immediately .