Colorado’s Marijuana Industry Tops $6B

PYMNTS

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

Second Amazon 4-Star Store Set To Open In Colorado

PYMNTS

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.

Colorado Just Elected a Tech-Savvy Governor Who Takes Blockchain Seriously

Bank Innovation

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.

Colorado Division of Securities stops ICOs for alleged illicit practices

The Paypers

(The Paypers) The Colorado Division of Securities has filed cessation orders against four Initial Coin Offerings (ICOs) allegedly involved in fraudulent practices

Colorado Just Elected a Tech-Savvy Governor Who Takes Blockchain Seriously

Bank Innovation

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.

Colorado passes 36% payday loan rate cap

CFPB Monitor

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?

New payday loan rate cap goes into effect in Colorado

CFPB Monitor

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.

BOK rebranding in Arizona, Colorado in wake of CoBiz purchase

BankThink

Community banking Integrations Branding Branch banking Oklahoma Colorado ArizonaThe regional bank is putting its corporate stamp on branches in the two states.

This week’s podcast: expectations for Colorado’s new Democratic Attorney General, Phil Weiser

CFPB Monitor

Having declared the CFPB eviscerated by President Trump, Colorado’s newly elected Democratic Attorney General, Phil Weiser, is expected to take an active approach to consumer protection. State CFS Monitor colorado weiserIn this week’s podcast, Ballard Spahr Partner Matt Morr, based in the firm’s Denver office, discusses Mr. Weiser’s background, key appointees, and likely areas of focus. To listen to the podcast, click here.

Colorado Regulator Approves Expansion in Ent's Community Charter

Keith Leggett's Credit Union Watch

The Gazette is reporting that the Colorado Division of Financial Services approved the addition of six counties to the field of membership of Ent Credit Union (Colorado Springs, CO). The credit union's service area encompasses 14 Colorado counties with more than 4.5 The approval adds Adams, Weld, Boulder, Broomfield, Elbert and Larimer counties to the credit union's service area. The addition of the six counties increases Ent’s potential membership base by 1.57

University of Colorado and Jaggaer boost strategic supplier programme

The Paypers

(The Paypers) University of Colorado has announced the development of a strategic supplier partner programme employing Jaggaer solutions

Guaranty fills Colorado gap with latest bank acquisition

BankThink

The company will add two branches between Denver and Colorado Spring by buying the deposit-rich Castle Rock Bank. Community banking M&A Capital Colorado

Colorado bank savvy on social

ABA Community Banking

Tip #1: It’s not all about your bank—even when it’s about your bank Retail Banking Blogs Social Media Channels. 1Social Media

Better late than never: Colorado bank exits Tarp

BankThink

Capital Community banking TARP ColoradoGrand Mountain Bank raised $7 million to help it exit the crisis-era capital program.

Deal will beef up Glacier's presence in Colorado

BankThink

The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado. Community banking M&A Capital Montana Colorado

Colorado AG issues administrator’s opinion on what constitutes collateral with respect to alternate charge consumer installment loans

CFPB Monitor

In a January 4 posting , Colorado’s outgoing Attorney General, Cynthia Coffman, issued an administrator’s opinion as to whether Section 5-2-214 of the Uniform Consumer Credit Code prohibits supervised lenders from utilizing post-dated checks, debit authorizations, and other forms of up-front payment authorization, as security for payment of “alternate charge” consumer installment loans.

Sturm Financial in Colorado taps president as its next CEO

BankThink

Succession planning Growth strategies Commercial banking ColoradoKoger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank.

31 Best Things to Do in Colorado Springs – Activities & Attractions

Money Crashers

Colorado Springs, also known as “The Springs” or “COS,” is Colorado’s second-largest city. Pikes Peak, one of Colorado’s tallest, towers 8,000 feet above the city. It’s clearly visible for miles around… 31 Best Things to Do in Colorado Springs – Activities & Attractions is a post from Money Crashers.

Fifth Third eyes middle market in Texas, Colorado

BankThink

CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses. Commercial lending Commercial banking M&A Branch banking Fee income Earnings Greg Carmichael Fifth Third

Independent in Texas to shutter branches as part of Guaranty acquisition

BankThink

The company will close a dozen branches, including eight in Colorado. Community banks Strategic buyers Growth strategies Colorado

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Colorado raises the stakes in lawsuit against marketplace lenders

BankThink

The state has expanded the scope of ongoing legal actions against Avant and Marlette to include several securitization trusts and trustees. Midland Funding v Madden Marketplace lending

Colorado, Arizona OK board compensation

CU Insight

Colorado and Arizona recently joined the growing number of states that allow state charted credit unions the controversial option of compensating board members. The post Colorado, Arizona OK board compensation appeared first on CUInsight.

The Fed's Cold Comfort To Colorado MJ Businesses

BankersHub

She was invited to meet with Colorado Representatives Polis and Perlmutter, who''ve been trying to find a way around the inconvenient fact that what might be legal in Colorado in the way of raising, refining, and selling marijuana for recreational use is still a violation of Colorado criminal laws, as is the handling of funds derived from such illegal activities by banks.

Colorado State Chartered CUs May Pay Directors Beginning on August 10, 2016

Keith Leggett's Credit Union Watch

Colorado Governor John Hickenlooper signed SB 125: Credit Union Governance into law. The new law will give state chartered credit unions in Colorado the ability to compensate board members. SB 125 will also allow an audit committee to replace a supervisory committee. The new law goes into effect August 10, 2016. Compensation Directors Legal Legislation state chartered credit unions

Colorado Federal Savings Bank Boosts Premier Savings To 1.65% APY

Deposit Accounts

Offers & Promotions Colorado Federal Savings Bank Bank Information Page | Receive Alerts for this Bank. Colorado Federal Savings Bank Boosts Premier Savings To 1.65% APY POSTED ON WEDNESDAY, DECEMBER 6, 2017 BY Ken Tumin Deal Summary: Premier Savings, 1.65% APY, $50k minimum deposit, new customers only. In the past three weeks, Colorado Federal Savings Bank’s (CFSB) new Premier Savings account has experienced two rate increases, which added a total of 75 bps to its APY.

Colorado and Kansas CUs Buy Corporate Office Buildings

Keith Leggett's Credit Union Watch

Elevations Credit Union (Boulder, CO) and Meritrust Credit Union (Wichita, KS) have purchased corporate office buildings. Office-supply chain Staples has sold its four-story corporate office building in Broomfield for $16.5 million to Elevations Credit Union. According to public records, Staples Contract and Commercial Inc., sold its 149,038-square-foot building and 17.6 acres at 1 Environmental Way in the Interlocken business park to One Environmental Way LLC, an entity created by Elevations.

Colorado's Payday Loan Reforms Offer Blueprint for CFPB

BankThink

The CFPB has a historic opportunity to fix the small-dollar loan market by emulating Colorado''s reforms. That would mean requiring all payday lenders to offer affordable installment payments and cracking down on deceptive practices like loan flipping. law-regulation

Online lenders spooked by Colorado's tough stance on interest rates

BankThink

Digital lenders have been partnering with banks to get around state-by-state usury caps, but that approach is facing tougher scrutiny. Marketplace lending Court cases Enforcement Law and regulation State regulators Avant WebBank

Colorado Is No Model for a National Payday Rule

BankThink

Colorado''s interest rate cap on payday lending has successfully brought down costs for borrowers, but the state continues to experience unacceptably high default rates. consumer-finance

NEW REPORT: Why International Students Must Major In X-Border Tuition Payments

PYMNTS

Among these schools is the University of Colorado Denver , a public institution that hosts international students from 73 countries. Many U.S. colleges and universities are eager to roll out the red carpet to recruit international students – and why not?

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Heartland expanding in Colorado by agreeing to buy Citywide Banks

BankThink

Heartland will gain 12 branches around Denver and Boulder after it buys the $1.4 billion-asset Citywide. M&A Integrations Growth strategies

Guaranty to Buy Home State Bancorp in Colorado

American Banker

Guaranty Bancorp in Denver has agreed to buy Home State Bancorp in Loveland, Colo., for $133.7 million in cash and stock. The deal is expected to close in the summer. breaking_news community-banking co dealmaking-strategy

Partner Colorado Credit Union launches cannabis banking CUSO

CU Insight

Partner Colorado Credit Union today announced the creation of Safe Harbor Services, LLC, which will sell and distribute the credit union’s Safe Harbor cannabis banking program. The post Partner Colorado Credit Union launches cannabis banking CUSO appeared first on CUInsight.

Triumph in Texas to Buy ColoEast in Colorado

American Banker

Triumph Bancorp in Dallas has agreed to buy ColoEast Bankshares in Lamar, Colo. community-banking tx breaking_news dealmaking-strategy

14 Best Lodging Options in Steamboat Springs, Colorado – Hotels, Resorts & Campgrounds

Money Crashers

Steamboat Springs, Colorado, is a beautiful vacation town in the mountains northwest of Denver. But Steamboat is a year-round destination, thanks in part to the thousands of acres of untouched wilderness within a short drive… 14 Best Lodging Options in Steamboat Springs, Colorado – Hotels, Resorts & Campgrounds is a post from the Money Crashers personal finance blog.

Why CU Anschutz Medical Campus Migrated to Google Cloud

Perficient Financial Servies

Our healthcare team has been working with the University of Colorado over the past couple of years to overcome critical data challenges in healthcare… and the results are exciting.

Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

PYMNTS

Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.

Colorado credit union sues Federal Reserve Bank

CU Insight

The Fourth Corner Credit Union asked a Colorado federal judge last month to force the Federal Reserve Bank of Kansas City to issue a master account that would enable the Denver-based state chartered credit union to serve social groups that support legalizing marijuana.

Bank IPO market stays hot with two more filings

BankThink

First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public. Community banking IPOs M&A Growth strategies Colorado Washington

BOK Financial to buy CoBiz Financial for nearly $1 billion

BankThink

Community banking M&A Growth strategies Capital Oklahoma ColoradoThe deal for the Denver commercial lender joins a growing list of large acquisitions being announced in competitive urban markets.

Morning Scan: Ally Financial's Leadership Shakeup; Colorado Pot Lenders

BankThink

Receiving Wide Coverage. Ally''s Shakeup: The New York Times and the Wall Street Journal both take a closer look at the leadership shakeup at Ally Financial. Unnamed sources tell the Times that former Ally Financial CEO Michael Carpenter was politely shown the door because the Ally board was frustrated the company had "stagnated" during his tenure and Carpenter appeared to "lack the vision" needed to dig the bank out of its rut. Furthermore, Carpenter wasn''t. national-regional

Hemp legalization could be boon for banks

BankThink

Ag lending Agriculture industry Law and regulation Kentucky Colorado Vermont Oregon North CarolinaBanks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

Ohio governor signs law aimed at reining in high-cost lenders

BankThink

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts. Payday lending Small-dollar lending Consumer lending State regulators John Kasich State of Ohio 677522 State of Colorado Pew Charitable Trusts

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