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Colorado Related Topics 
PYMNTS
FEBRUARY 13, 2019
The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. Retail California Cannabis Colorado Marijuana News revenue sales taxes What's Hot
PYMNTS
AUGUST 3, 2020
The Colorado Lottery is partnering with Chainlink and ETHDenver for a new contest “to create new Lottery games that will excite and entertain a new, broad and diverse group of Coloradans to engage them in supporting the great outdoors and schools,” a press release says.
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American Banker
AUGUST 18, 2020
Consumer lending Fintech Colorado Law and regulationUnder the agreement, fintechs and their bank partners will have a safe legal harbor to offer loans, as long as their interest rates do not exceed 36% and they meet various other standards.
PYMNTS
DECEMBER 3, 2019
How Colorado Enabled Digital Driver’s Licenses With The myColorado App. The state of Colorado is one of 12 states currently developing a digital driver’s license program, with the launch of its myColorado app in October.
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CFPB Monitor
MAY 2, 2022
Businesses with automatic renewal contracts—including subscriptions—should take note of Colorado’s new law that went into effect earlier this year on January 1, 2022. The Colorado law also prohibits use of a link to present the offer unless it clearly discloses that it is a renewal contract.
CFPB Monitor
MAY 26, 2022
AG Weiser also shares his office’s approach to innovation and privacy issues (including the timetable for rulemaking under Colorado’s new privacy law) and offers his suggestions for steps companies can take to reduce their compliance risk. State Enforcement colorado weiser
PYMNTS
OCTOBER 25, 2019
In other news, proposed legislation from Colorado might aim to help crypto companies and cannabis companies obtain bank accounts, with former members of Colorado’s Blockchain Council meeting earlier this month to work on a bill that would authorize the creation of special-purpose banking institutions in the state. Colorado’s bill does have support from some lawmakers. “My
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.
CFPB Monitor
NOVEMBER 8, 2018
By an overwhelming vote (approximately 1,4270,000 million to 433,000), Colorado voters passed Proposition 111, a ballot initiative that places a 36 percent APR cap on payday loans. The question presented to voters was: Shall there be an amendment to the Colorado Revised Statutes concerning limitations on payday lenders, and, in connection therewith, reducing allowable charges on payday loans to an annual percentage rate of no more than thirty-six percent?
American Banker
JANUARY 16, 2020
The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger. M&A Growth strategies Community banking State-chartered credit unions State regulators Colorado
American Banker
APRIL 30, 2022
Industry News Women in Banking Women in Banking: Next 2022
Bank Innovation
NOVEMBER 7, 2018
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis to Governor of Colorado. Polis is known for many things, such as being the first openly gay state governor ever elected and a dot-com millionaire to the tune of $400 million, but […]. Compliance Cryptocurrency Daily Post 1 Exclusive Payments Premium Bitcoin Blockchain
Banking Exchange
AUGUST 24, 2020
Colorado may soon witness an influx of new fintech lenders following the conclusion of a long-running legal case Compliance Technology Fair Lending Feature3 Fintech Feature Mobile Online Tech Management Compliance Management Compliance/Regulatory.
CFPB Monitor
AUGUST 17, 2020
Colorado’s UCCC Administrator has proposed amendments to the rules implementing the Colorado Fair Debt Collection Practices Act (CFDCPA). Debt Collection Regulatory and Enforcement colorado debt collection
American Banker
SEPTEMBER 1, 2022
Credit unions Employee engagement Employee retention Best Credit Unions to Work For 2022
American Banker
JANUARY 14, 2020
The Colorado Bankers Association claims that state law bars Elevations Credit Union from buying Cache Bank & Trust. Community banking Credit unions M&A Colorado
PYMNTS
NOVEMBER 1, 2018
Amazon.com is gearing up to open an Amazon 4-star store in Colorado later Thursday (November 1). According to a report in CNET citing Amazon, the second 4-star store will be located in Park Meadows mall in Lone Tree, Colorado, just outside of Denver. The store will hawk products that are rated 4 stars or higher on Amazon, are from top sellers on its platform or are trending on Amazon. The first 4-star store opened its doors in New York City in September. “We
Bank Innovation
NOVEMBER 7, 2018
Amid a dizzying night of political drama, a bright spot appeared for the fintech and cryptocurrency communities -- the election of Jared Polis (D) to Governor of Colorado. Polis is known for many things, such as being the first openly gay state governor ever elected and a dot-com millionaire to the tune of $400 million, […]. Compliance Cryptocurrency Daily Post 1 Daily Post 4 Exclusive Payments Premium Bitcoin Blockchain
PYMNTS
DECEMBER 4, 2019
PYMNTS recently spoke with Russell Castagnaro, director of digital transformation at the Colorado Governor’s Office of Information Technology , about the app’s development, and how it addresses Coloradans’ concerns regarding security and privacy. but Colorado will be there.”.
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 post Colorado Banking Regulator Denies Community Bank Acquisition by Credit Union appeared first on ABA Banking Journal.
BankDeals
MARCH 1, 2022
Colorado Federal Savings Bank (internet bank) recently raised the rate on its 12-month CD to very competitive level. $5k 5k minimum opening deposit
American Banker
FEBRUARY 16, 2021
Pot Banking Career moves Credit unions Colorado Succession planningSundie Seefried, one of the credit union industry's foremost experts on cannabis banking, will transition to a new role this summer, leading a new venture serving the legal marijuana space.
CFPB Monitor
FEBRUARY 4, 2019
As discussed in an earlier post , on November 6, 2018, Colorado’s voters passed Proposition 111 , seeking to limit interest rates and fees charged on payday loans in Colorado to an annualized percentage rate of thirty-six percent. Effective February 1, 2019, the proposition amends Colorado’s Deferred Deposit Loan Act (C.R.S. Lenders who originate payday loans should be mindful of the application of Colorado’s new rate cap.
CFPB Monitor
AUGUST 31, 2021
It’s unclear whether the Department will now seek to regulate (i) other ISA funders, holders, and assignees under the Student Loan Equity Act , (which enacted the private education lender registration) and (ii) ISA servicers under the Colorado Student Loan Servicing Act.
American Banker
JULY 2, 2020
Colorado Branch network Revenue and expenses Community banksThe company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology.".
American Banker
JANUARY 14, 2020
Community banking Credit unions M&A Branch deals Colorado Ohio WyomingBlue Federal Credit Union in Wyoming will also gain about $100 million in deposits.
CFPB Monitor
SEPTEMBER 13, 2019
The Colorado Attorney General reached a $175,263 settlement with a lender and a debt management company that are owned and operated by the same individuals. The Colorado Attorney General alleged the companies violated Colorado law when the lender issued loans to customers of the related debt management company. Colorado law prohibits debt management companies from offering loans through a related company due to the risk of a conflict of interest.
American Banker
JANUARY 10, 2022
Consumer lending Regulation and compliance
CFPB Monitor
JUNE 4, 2020
COVID-19 Regulatory and Enforcement State Enforcement colorado weiserWe explore a wide range of topics with AG Weiser including: who are his key staff members and their backgrounds; his office’s actions in response to COVID-19; recent changes to the CO Consumer Protection Act; and his office’s activities concerning student loans, robocalls, payday lending, and data privacy and security and its approach to consumer complaints. Click here to listen to the podcast.
American Banker
JANUARY 6, 2022
Credit unions Industry News Women in Banking
BankDeals
FEBRUARY 21, 2022
Colorado Federal Savings Bank (internet bank) has raised the rate on its 11-month No Penalty CD for the fourth time in four months. $5k 5k min deposit. Early closure only
CFPB Monitor
JUNE 12, 2020
A Colorado state district court has ruled that a non-bank assignee of loans made by a state bank cannot charge the same interest rate that the state bank assignor can charge under Section 27(a) of the Federal Deposit Insurance Act (12 U.S.C.
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. Titled the “Colorado Student Loan Servicers Act,” SB19-002 will require servicers of education loans owed by Colorado residents to be licensed by Colorado’s Uniform Consumer Credit Code (UCCC) Administrator.
American Banker
JANUARY 13, 2022
Credit unions Industry News
American Banker
APRIL 7, 2022
Credit unions Law and regulation
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