Page 28 - Waypoint Bank

• Forged proactive resolution of • No liability for banks sharing
predatory lending (to block future information re employee fraud
bad bills, “proactively defensive”), • Blocking access to bank compliance
• Adopted RA9 in challenging documents
circumstances in good form, • Real estate appraisal (exempting
• Exempted banks from no call law, banks from restrictions)
• Established privacy study TF (to • Credit union regulatory procedures
block new state privacy laws, • Liability exemption re search
“proactively warrants and subpoenas
• 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

One example: foreclosure

Impact of foreclosure on banks - Bank vs nonbank foreclosures

Pre-Meltdown Mortgage Pre-Meltdown Foreclosures in CO
Lending in CO
Banks
18%
Non-
banks Banks Non-
42% 58% banks
82%