Tag Archives: Alabama

In a widely anticipated move, U.S. Senator Richard Shelby (R-Alabama) was named Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs for the 114th Congress, according to an announcement from Shelby's website Thursday.

U.S. Senator Richard Shelby, R-Alabama, is expected to become the new chair of the Senate's Banking, Housing, and Urban Affairs Committee following Tuesday's election in which Republicans retained control of the House and won enough seats to gain a majority in the Senate as well.

A former branch manager of an Alabama bank that received assistance through the government's Troubled Asset Relief Program (TARP) was sentenced after pleading guilty to fraud, Special Inspector General for TARP (SIGTARP) announced recently.

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, recovery of the housing market in the state has struggled along with the rest of the nation so far this year, according to a special commentary on Alabama's economic outlook by the Wells Fargo Economics Group for September 2014.