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 […].

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Colorado blockchain cryptocurrency Fintech 170

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, […].

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Colorado blockchain cryptocurrency Fintech 150

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. The license must be renewed annually by January 31st of each year.

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Colorado Regulation Meeting Online 78

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. According to American Banker, the passage of Proposition 111 makes Colorado the fifth state to impose rate caps on payday loans through a voter referendum.

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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.

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Colorado Fintech Lending Compliance 78

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.

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CFPB Monitor

NOVEMBER 16, 2020

The CFPB and the Colorado AG’s Office have announced they will hold joint virtual office hours as part of the American Consumer Financial Innovation Network (ACFIN). Kraninger and Colorado AG Philip Weiser will participate in this event. . The joint virtual office hours will be held on December 2, 2020. CFPB Director Kathleen L.

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CFPB Monitor

AUGUST 31, 2021

With Colorado’s private education lender registration scheduled to take effect on September 1 st , the Colorado Department of Law has just announced that they intend to bring a new group within their jurisdiction: private postsecondary schools that use income share agreements (ISAs) to help finance students’ education.

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Colorado Utah Regulation Payments 78

CFPB Monitor

AUGUST 24, 2020

We have previously blogged about the lawsuits filed by the Colorado Attorney General against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank. Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor).

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Colorado Fintech FDIC Lending 78

Payments Dive

APRIL 11, 2023

Eleven of the specialty grocery chain’s locations in Colorado are now equipped with Amazon One technology, the e-commerce giant’s palm-based frictionless checkout option.

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Colorado Technology 195

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.

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CFPB Monitor

AUGUST 17, 2020

Colorado’s UCCC Administrator has proposed amendments to the rules implementing the Colorado Fair Debt Collection Practices Act (CFDCPA). The Administrator also announced that a Zoom stakeholder meeting will be held on August 25 to discuss the proposed amendments and to solicit topics for rulemaking.

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Colorado Payments Meeting 78

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. §

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Colorado Security Lending 74

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.

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Colorado Company Lending Management 60

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. The ruling in Martha Fulford, Administrator, Uniform Consumer Credit Code v.

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Colorado FDIC Lending Analysis 78

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.

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Maryland Colorado Regulation District of Columbia 68

American Banker

SEPTEMBER 19, 2023

Denver-based InBank will expand into Georgia and Arizona, part of a wider plan to seize market share and build what one executive called a top-tier SBA lender.

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Colorado Denver Arizona Georgia 69

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 board found that the deal—in which Boulder, Colorado-based Elevations Credit Union would purchase the assets of Cache Bank and Trust, headquartered in Greeley—did not meet the requirements of state law.

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Community Bank Colorado Regulation Community 64

American Banker

JANUARY 16, 2020

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

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Colorado Regulation Community Bank Community 57

CFPB Monitor

SEPTEMBER 12, 2019

The OCC and FDIC have filed a joint amicus brief in a Colorado federal district court arguing that the court should affirm the decision of a bankruptcy court holding that a non-bank loan assignee could charge the same interest rate the bank assignor could charge under Section 27(a) of the Federal Deposit Insurance Act, 12 U.S.C.

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FDIC Colorado Wisconsin National 60

PYMNTS

NOVEMBER 23, 2020

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

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Google Nebraska North Carolina Colorado 223

American Banker

AUGUST 18, 2020

Under 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.

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Colorado Fintech Online Meeting 79

CFPB Monitor

MAY 26, 2022

After discussing the role of the newly-created Office of Financial Empowerment in addressing the needs of unbanked consumers, AG Weiser discusses his office’s activities concerning deceptive fees (including the types of fees of primary concern and the requirements of Colorado’s new automatic renewal law), robocalls, and student loans.

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Colorado Compliance Innovation Groups 78

American Banker

JANUARY 14, 2020

The Colorado Bankers Association claims that state law bars Elevations Credit Union from buying Cache Bank & Trust.

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Colorado Regulation Groups Community Bank 54

CFPB Monitor

MAY 2, 2022

While companies subject to other state’s auto-renewal laws and the Restore Online Shoppers’ Confidence Act (“ROSCA”) will be familiar with the three-prong approach of upfront clear disclosure, simple cancellation, and ongoing reminders, the Colorado law goes a step further by imposing notice obligations on month-to-month renewals.

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Colorado Delaware Regulation Policies 78

PYMNTS

FEBRUARY 16, 2020

The Commodity Futures Trading Commission has charged a Colorado resident with fraud in an alleged Ponzi scheme. Defendants Breonna Clark, of Denver, Colorado, and Venture Capital Investments Ltd are charged with soliciting American citizens to trade foreign currency and Bitcoin using a communal digital pool.

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Bitcoin Colorado cryptocurrency Denver 168

PYMNTS

DECEMBER 3, 2019

In the December Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including a new digital driver’s license in the state of Colorado, a prototype facial recognition system for air travel in Finland and emerging methods that could threaten the validity of biometric authentication.

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Colorado Apple Fraud blockchain 131

CFPB Monitor

MAY 19, 2023

Following recent Senate testimony in which OpenAI CEO Sam Altman proposed additional Congressional oversight for the development of artificial intelligence (AI), Colorado Senator Michael Bennet has re-introduced the Digital Platform Commission Act , a bill that would enable the creation of a federal agency to oversee the use of AI by digital platforms. (..)

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Regulation Colorado 78

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. The report said Colorado “had 2,917 licensed marijuana businesses and 41,076 individuals licensed to work in the industry as of June.”.

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Retail Colorado Fraud Regulation 154

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.

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Industry Colorado Taxes California 155

PYMNTS

MAY 22, 2020

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

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Arkansas Data Illinois Ohio 133

Perficient

FEBRUARY 3, 2021

Colorado Shiba Inn Rescue. Tampa Bay Humane Society. Sullivan County Animal Shelter. Stray Rescue of St. Last Hope K-9 Rescue. Ontario SPCA. Scituate Animal Shelter of Massachusetts. Foundacion Hogar de Alicia. Canine Companion for Independence. Blue Cross Animal Rescue. Wright-Way Rescue. The Anti-Cruelty Society of Chicago.

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St. Louis Tampa Colorado Massachusetts 497

South State Correspondent

SEPTEMBER 23, 2019

Take your well-outdoor trained city dweller and then put them into the middle of the Colorado Rockies, chances are they become bear-food in a week. Around age 20, you force them to go to conferences on living in the outdoors, hunting, fishing, and survival. You also hire consultants to come in and teach outdoor skills.

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Perficient

AUGUST 28, 2020

C-Level @ A Mile High is an annual event, hosted by the Colorado Technology Association (CTA), where C-levels from many of Colorado’s largest technology companies donate their time to support charities and advocacy groups aimed at including more female and under-represented minority students for computer science-related studies and careers.

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Denver Colorado Study Innovation 332

Perficient

JANUARY 14, 2021

Hunger Free Colorado. Louis Area Foodbank. We Don’t Waste. Chattanooga Community Kitchen. Atlanta Food Bank. Acton Food Pantry. The Hunger Coalition. Bridge Under the Bridge. Food Lifeline. Nourish the Neighborhood. Cleveland Food Bank. Mid Day Meal Program. Safe India Organization. Northville Civic Concern. Houston Food Banks.

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St. Louis Cleveland Houston Community 443

American Banker

JUNE 26, 2023

Crown was the longest-serving board member of JPMorgan Chase, having been a director for the bank or its predecessor firms going back to 1991.

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Colorado Industry 41

Payments Source

MARCH 9, 2021

That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with Partner Colorado Credit Union. With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws.

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Colorado Capital Policies National 95