Governor Kay Ivey on Thursday signed a new Executive Order (EO) aimed at protecting Alabamians’ access to banking services, directing State regulators to ensure financial institutions serve customers without bias tied to beliefs or lawful activity.
The order, Executive Order No. 743, affirms that State-chartered banks must provide services based on lawful conduct, not political views or affiliations.
“Alabamians count on being able to utilize banking services for their own financial security and prosperity, and such access underpins the stability of our economy,” Ivey said. “State-charted banking institutions must not restrict the use of financial services based on customers’ beliefs, political views or involvement in legal activities. Accordingly, I sign this executive order to ensure that our residents’ lawful right to financial services is protected.”…