Page 27 - UMB Membership Guide

• Identified critical issues regarding • Reimbursement banks/borrowers’
third party examiners for unclaimed cleanup contaminated properties
property, • Debtors' fraudulent transfers
• Preempted local regulation of • No liability for banks sharing
banking, information re employee fraud
• Forged proactive resolution of • Blocking access to bank compliance
predatory lending (to block future documents
bad bills, “proactively defensive”), • Real estate appraisal (exempting
• Adopted RA9 in challenging banks from restrictions)
circumstances in good form, • Credit union regulatory procedures
• Exempted banks from no call law, • Liability exemption re search
• Established privacy study TF (to warrants and subpoenas
block new state privacy laws,
“proactively
• defensive”),
• Strongest Y2K liability law

Major recent ballot initiatives: the fight for banks doesn’t end at the capitol

• Public-owned banks
o State owned bank and/or Local government owned banks
o “Make loans banks won’t make, but not take any risk”
• Fracking – Constitutional amendment – Local control in 2018
o Great impact on many businesses and business attractiveness as a state
o Overturn state preemption of local regulation of banks
• Initiatives with economic impact
o 69 – State Single Payer Health Care System, defeated 4:1
o 70 – State Minimum Wage, adopted
• Initiatives amending Colorado’s ballot and election laws
o 71 – Requirements for Initiated Constitutional Amendments
o 107 – Presidential Primary Election - Recreating a presidential primary
election in which unaffiliated electors may vote
o 108 – Primary Election - Allowing an unaffiliated elector to vote in the
primary election of a political party without declaring an affiliation with that
party