PYMNTS
OCTOBER 25, 2019
financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement. Colorado’s bill does have support from some lawmakers. “My “By promoting knowledge-sharing on innovation in financial services, U.S. Jack Tate told CoinDesk.
American Banker
JANUARY 2, 2024
A new law will make Colorado a much more difficult place for cash-strapped citizens to get credit. Other states should avoid following in its footsteps.
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CFPB Monitor
DECEMBER 4, 2019
The Colorado Attorney General’s Office recently published licensing applications for entities that are engaged in servicing student loans owed by Colorado residents. Under the Colorado statute, student loan servicers must be licensed by January 31, 2020. The license must be renewed annually by January 31st of each year.
CFPB Monitor
NOVEMBER 16, 2020
The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). Kraninger and Colorado AG Philip Weiser will participate in this event. . The joint virtual office hours will be held on December 2, 2020. CFPB Director Kathleen L.
ABA Community Banking
JANUARY 16, 2020
The Colorado State Banking Board today denied the sale of a Colorado community bank to one of the state’s largest credit unions. The board found that the deal—in which Boulder, Colorado-based Elevations Credit Union would purchase the assets of Cache Bank and Trust, headquartered in Greeley—did not meet the requirements of state law.
CFPB Monitor
MAY 23, 2019
Colorado and Maryland have each enacted legislation regulating student loan servicers. On May 13, Colorado Governor Jared Polis (D) signed into law SB 19-002 , and that same day, Maryland Governor Larry Hogan (R) signed HB 594.
American Banker
JUNE 7, 2023
The measure will prevent banks chartered elsewhere from charging interest rates above Colorado's 36% rate cap. If additional states take the same approach, it could hamper the business model for high-cost consumer lenders that partner with banks.
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