by Monica Mendoza Published: February 24,2012
Colorado’s small businesses may get some promising news about increased access to capital next week when bankers release the details of their “Let’s Talk Small Business” initiative. [...]
by Monica Mendoza Published: November 18,2011
With Cyber Monday and the holiday shopping season just around the corner, consumers are warned not to fall victim to phishing scams. The Colorado Bankers Association said consumers should know that phishing is a new twist on an old telemarketing scam, but uses e-mail. Criminals send e-mails to millions of people hoping that even a [...] [...]
by Monica Mendoza Published: November 3,2011
Tags: Colorado Bankers Association, debit card fees, Durbin amendment
It appears the customer has won the fight about debit card fees, but Colorado banks could lose millions, said Don Childears, Colorado Bankers Association president and CEO. This week, the Associated Press reported that Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers [...] [...]
by Monica Mendoza Published: October 13,2011
Tags: Colorado Bankers Association, debit card fees, Dodd-Frank legislation, Durbin amendment
Lawmakers are calling for a repeal of the regulation that caps the fees banks can collect from store owners when customers swipe their debit cards – something that generated millions for banks. The regulation, part of the Durbin amendment to regulate the finance indstry, has led banks to increase other banking fees, including monthly debit [...] [...]
by Rebecca Tonn Published: July 15,2010
The U.S. Senate passed the Financial Regulatory Reform Bill – and now the aftershocks will hit. The Colorado Bankers Association, for one, is not pleased about its passage. Don Childears, CEO of the bankers association, which represents 90 percent of the $103 billion in assets held by 193 Colorado banks, said that Congress, rather than focusing [...] [...]
by Rebecca Tonn Published: July 10,2010
In what the Colorado Banking Association has called a “controversial, last-minute bank-assessment tax,” Congress has asked banks to cover the costs of the new Consumer Financial Protection Bureau. The bank would do so by increasing the deposit insurance fund of the Federal Deposit Insurance Corp. Of course, increasing the insurance fund means asking banks to [...] [...]
by Rebecca Tonn Published: May 24,2010
The Colorado Bankers Association supports financial reform – but has issues with some of the provisions in the Senate’s version of financial regulatory reform bill S.3217, which passed May 20. CBA President Don Childears said some of the provisions will be helpful, such as those that create a systemic risk council, abolish too-big-to-fail protections and provide [...] [...]
by Rebecca Tonn Published: June 19,2009
Things are not always what they seem. Trite, but true. If national headlines scream “Another bank fails,” when actually it was an unregulated private lender that failed, it does a disservice to Main Street, said Don Childears, president and CEO of the Colorado Bankers Association, during a Colorado Springs Executives Association meeting. “Nine of 10 [...] [...]
by Rebecca Tonn Published: March 17,2009
Tags: Colorado Bankers Association, Don Childears, healthy banks, lending, loans, TARP
Consumers and investors are anxious about the economy and the stock market, but loans are still being made and return on investment is still possible at Colorado banks, says the president of the Colorado Bankers Association. “Public perception is that there isn’t any credit available,” said CBA President Don Childears, “but banks chartered and headquartered in [...] [...]
by Rebecca Tonn Published: March 13,2009
Tags: Colorado Bankers Association, Competitive Enterprise Institute, Don Childears, Financial Services Committee, House of Representatives, John Berlau, mark-to-market, Rep. Ed Perlmutter
Economists and financial analysts vehemently disagree about bailouts and which sort of regulations work or don’t. But now many agree – from investor Warren Buffett to Republican Steve Forbes to Democratic economic adviser Mark Zandi, to name a few – that mark-to-market accounting “exaggerates losses and results in tighter lending when it is used to [...] [...]
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