Regions hit with $2.95M fine; Third Final Assembly Line rising at Airbus in Mobile; UA adds four degree programs; Cannabis contention continues

The Federal Reserve Board fined Birmingham-based Regions Bank approximately $2.95 million for unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations

Regions hit with $2.95M fine

Birmingham-based Regions Financial was hit with a $2.95 million fine from the Federal Reserve, related to its flood insurance practices. –

Third Final Assembly Line rising at Airbus in Mobile

Birmingham’s HPM construction management firm is superintending three new A320 hangar bays, two paint shop bays, a supplemental utility plant and more as Airbus adds a third Final Assembly Line at its Mobile site, the only U.S. FAL for the European aircraft giant.  – Made in Alabama

UA adds four degree programs

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New bachelor’s degree programs in business cybersecurity, applied liberal arts, neuroscience and sport management are available to students at the University of Alabama, beginning this fall semester. – The Crimson White

Cannabis contention continues

Chicago-based Verano has sued the Alabama Medical Cannabis Commission over a license to produce medical marijuana. Verano won a license that was later rescinded. Meanwhile, Oscity, with a GMP-certified seed-to-hemp process in Brewton and Foley that failed to win a license at all, argues that its certified facilities should have been licensed by the state. – Cannabis Business Times; WPMI-TV

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