Page 15 - BOD 4-20-17

CBA Board of Directors, CBA office, Thursday, April 20, 2:00pm-4:00pm Page 15.

▪ Chairman Gruenberg and Vice Chairman Hoenig are near the end of their terms,
November)
▪ Another slot has been open for 18 months
▪ Two more slots are filled by the CFPB Director and the Comptroller, both of which could
change
▪ A maximum of three can be from any one political party
➢ CFPB (Director Cordray’s term expires July 2018)
▪ Scenarios
• Cordray could resign to run for Governor of Ohio
• He could be fired for cause, permissible under DFA
• He could be fired without cause, possibly permissible under a “tentative” court decision
• Legislation could move many of the Director’s powers to a commission or board
• Legislation could make CFPB’s budget subject to Congressional oversight
• CFPB could be defunded completely ($0) by the Congressional reconciliation process

REP. PERLMUTTER ON MARIJUANA BILL
Introduce bill soon, almost identical to last year; CBA suggested changes.

Key Question/Action – Are there other things CBA should be doing?

MEETING WITH ESTHER GEORGE, PRES OF KANSAS CITY FEDERAL RESERVE BANK
• 11 association representatives from states in district, CBA organized meeting 3 years ago
• Discussion of efforts for regulatory relief legislation, Presidential appointments to federal
agencies, appraisal limits, EGRPRA, removal of bankers from Fed boards…

Key Question/Action – Report only

Colorado Bankers Association 140 East 19th Avenue, Suite 400, Denver, Colorado 80203
Phone: 303.825.1575, Fax:303.825.1585, www.ColoradoBankers.org, www.SmallBizLending.org, www.FinancialInfo.org
Creating a stronger economy and helping Coloradans realize dreams by building better banks.