Government Relations
Here is your central hub to find information on the industry’s most pertinent issues. Whether you’re looking for a basic understanding, specific communication tools, background, informational resources or corresponding CBA training – everything you need is right here. This is your one stop shop whether you’re grasping an issue for the first time or looking for detailed information.
State Issues
- HomeBuilders Want to Mandate How Banks Recover Debt
The Colorado Homebuilders Association has pushed a state bill that would require a lender to liquidate all collateral associated with a defaulted loan before the lender approaches a guarantor to collect owed debt.
- 2010 State Ballot Issues of Interest
Currently there are three ballot proposals certified for the November 2010 Statewide Ballot that may be of interest to the banking community
- Credit Unions’ Vying for Public Deposits
The Credit Union Association of Colorado is planning to run legislation in the 2010 state session that would allow Colorado credit unions to accept public deposits. Background, details, updates and additional materials within…
Federal Issues
- HR 4173- House Regulatory Reform Package
HR 4173 passed the U.S. House on December 11th, 2009. While there were parts of the 2,000 page bill that the industry supported, CBA was opposed due to the serious problems contained with the creation of the CFPA.
- Too-Big-to-Fail
Disallowing companies to grow to the stage where their downfall would create systemic problems in our economy was a key factor the Obama Administration wants to target through regulatory reform actions.
- Credit Card Practice Revisions (Legislation & Regulation)
For the past couple years, the credit card industry has been under attack. Regulators are attempting to impliment a sweeping 2008 final Rule while Congress is still introducing additional bills.
Regulatory Issues
- Mark-to-Market Accounting Principles
Inflexible accounting policies have contributed directly to the current financial crisis by requiring long-term assets to be marked to the market’s current going rate – otherwise known as mark-to-market.
- New Regulation Z Rules
In July of 2009 the Federal Reserve Board adopted a final rule aimed to protect consumers from deceptive practices regarding home mortgage loans by restricting certain mortgage practices. The new rules go into effect October 1st, 2009.
- FDIC Insurance Fund Replenishment
The FDIC has passed a final rule mandating able banks prepay three years of FDIC insurance premiums to help replenish the fund.