THE STATE OF BANKING IN COLORADO Don Childears President and CEO - - PowerPoint PPT Presentation

THE STATE OF BANKING IN COLORADO

Don Childears President and CEO Colorado Bankers Association

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Banking Locations in Colorado

Branches

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

Unsuccessful: CBA position didn't prevail 0% Successful: CBA position (Monitor re Bad Amendments) worked 87% Successful: CBA position (Amend/Oppose) prevailed 11% Successful: CBA position (Support) prevailed 2%

CBA 2013 State Lobbying Results

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
• ther 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
• 1st 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
• 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 280 Dodd-Frank rulemaking requirement deadlines have passed

• 170 (60.7%) of those deadlines have been

missed

Dodd Frank Rules

Not yet proposed Finalized rules Finalized rulemakings

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

• CBA’s annual budget - $1.1 million
• CBA’s net worth - $1.7 million
• 6 staff members
• 23 board members
• 100+ banker volunteers

Creating a stronger economy and helping Coloradans realize dreams by building better banks