THE STATE OF BANKING IN COLORADO Don Childears President and CEO Colorado Bankers Association
Banking Locations in Colorado 1800 1600 1400 1200 1000 Branches 800 600 400 200 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Our mission Provide economic opportunities for Coloradans through a sound and competitive banking environment by advocating public policy consistent with that, and enhancing banking’s skills, image and unity.
Working for you: What CBA has done for you lately CBA 2013 State Lobbying Results Successful: CBA position Successful: CBA position ( Amend/Oppose ) prevailed Unsuccessful: CBA position didn't ( Support ) prevailed 11% prevail 2% 0% Successful: CBA position ( Monitor re Bad Amendments) worked 87% 100 percent success in 2013
State-level government relations • 143 bills were monitored/tracked/lobbied • Foreclosure bill resoundingly defeated 10-1 in first committee • Five ballot initiatives defeated at Title Board and Supreme Court (state-owned bank, foreclosure) • Weekly updates on legislative policy advocacy by CBA • Service on numerous state task forces (Elder abuse, wildfire, Marijuana and banking) • Dozens of lunches, dinners and meetings with state lawmakers • 45 bankers attended lunches, dinners with 19 key lawmakers, more than 100 bankers attended annual legislative luncheon • Just this week – advocacy for better interpretation of credit information laws
Federal-level advocacy • Priority issues – our industry’s biggest priorities (as we perceive them): • Inform banks and represent their views on myriad issues from current financial turmoil • Basel III and DFA regulations • State & federal legislative proposals • Regulatory actions including enforcement actions • Public understanding of ability to lend, realities of foreclosures… • Stop Continual Expansion of Tax Advantaged Competitors: Credit Unions, Farm Credit System • Fair Competition by Nonbanks – in all areas: taxation, CRA, safety/soundness … • Improve the image of banking by correcting misperceptions • Contribute to better educated and informed bankers
CBA priorities: First example • Basel III • CBA became first and loudest opponent to initial proposal • Educated and instigated other associations to be active • CBA material used widely • First state to get entire Congressional delegation signed onto a single letter of opposition, 27 other states followed • Informed bankers and facilitated their opposition – 8 percent of letters sent in opposition came from CO • Detailed 15-page comment letter • Result: very significant improvement
CBA priorities: a second example • Regulatory relief • CBA Board this fall set goal: get substantive regulatory relief through Congress by yearend 2014 • Set deadline • Push others • Instigator of effort, chair the working group of ABA and 4 state bankers associations • 1 st priority: delay QM • Bad odds, but progress • 118 Members of Congress signed letter for delay; 54 state bankers associations sent similar; ABA, ICBA, NAFCU sent another; bank legal counsel • After QM effort, target few provisions: • Biggest problems for banks, biggest customer impact • Allies outside of banking • Push like crazy
At our nation’s capitol • Met with or formally contacted our Colorado Members of Congress 12-19 times for each of our nine Members of Congress • Worked to level the playing field for banks, end breaks for credit unions • Dodd-Frank resource: task force, rule interpretation • Just this week: CBA and 53 other associations send CBA-authored letter to CFPB seeking delay on QM rules. Legal counsel letters also sent.
Dodd-Frank: Where are we? • 398 rules required Dodd Frank Rules • 110 (39.3%) have been met with finalized rules • 162 (40.7%) of the 398 total required rulemakings have been finalized • 115 (28.9%) rulemaking requirements have not yet been proposed Not yet proposed Finalized rules Finalized rulemakings 280 Dodd-Frank rulemaking requirement deadlines have passed • 170 (60.7%) of those deadlines have been missed
Regulatory Feedback Initiative
Your input matters 10% of all banks in the United States responded
Second flash survey on regulatory relief
Second flash survey, continued
We’ve been at it a long time… • A New York Times article from February 1909 details a number of changes CBA sought in a bank guarantee bill. • In 1928 CBA issued a memo offering a $1,000 reward for the capture of “Bank Bandits.” (We didn’t go as far as Texas, whose $5,000 reward was for dead bandits.) Bonnie and Clyde
CBA is your government relations Helpdesk • Amplify – An online resource to help bankers advocate for their industry. Find sample speeches, op-eds and more. www.amplifybankers.com • Capwiz – An online policy action tool that allows bankers to speak out on legislative efforts with ready-made messages. www.capwiz.com/cobankers/home • Regulatory Feedback Initiative – CBA spearheaded initiative to gather survey information about the examination process. • Compliance Alliance – A second set of hands for your compliance officer. www.compliancealliance.com • We provide talking points, position papers and statistics, and can make presentations to educate staff and save you time. • We publish info for you to use. Our staff provides weekly updates on legislation. We can answer your questions. • Call us. E-mail us. Telegraph us. Megaphone us. We are here to help you.
Public relations Managing how they see us • CBA also unveiled a new website in January, www.ColoradoBankers.org • www.SmallBizLending.org – Efforts to grow lending to small businesses, promote banks’ efforts toward economic growth. CDFIs are partners, loans can start there and banks can make loans when borrowers are ready • www.FinancialInfo.org – a CBA-maintained website to keep consumers financially savvy • Media relations – CBA is a sought-after resource for local and national journalists. CBA leadership is quoted on a near-weekly basis. We speak for our industry and on your behalf at your request.
Growing ranks of advocates • In 2012, CBA launched the Center for Bank Advocacy Training Practicum to help bankers be proactive in support of their jobs, banks and industry. We’re accepting applications now ! • A year-long leadership program dedicated exclusively to creating better advocates among bankers. • Participants complete numerous sessions and attend various banker meetings, legislative hearings and a trip to Washington, D.C. Speakers have included: Former Speakers of the House, a Deputy Attorney General and prominent business lobbyists and PR consultants.
About us Creating a stronger economy and helping Coloradans realize dreams by building better banks • CBA’s annual budget - $1.1 million • CBA’s net worth - $1.7 million • 6 staff members • 23 board members • 100+ banker volunteers
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