contents ©2023 The Colorado Bankers Association is proud to present Colorado Banker as a benefit of membership in the association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of Colorado Banker or its publisher, The newsLINK Group, LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group, LLC. Jenifer Waller President & CEO Alison Morgan Director of State Government Relations Brandon Knudtson Director of Membership Lindsay Muniz Director of Education Rita Fish Communications & Office Manager Margie Mellenbruch Bookkeeper* Craig A. Umbaugh Counsel* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* Andrew Wood Lobbyist* Caroline Woodhouse Lobbyist* *Outsourced 140 East 19th Avenue, Suite 400 Denver, Colorado 80203 Office: 303.825.1575 Websites: coloradobankers.org smallbizlending.org financialinfo.org colorado-banker.thenewslinkgroup.org over a century BUILDING BETTER BANKS— Helping Coloradans RealizeDreams 20 19 4 Chairman’s Message 2023 Industry Outlook 5 In Memoriam, Charles Snow 6 Washington Update Beating Back a Bad Idea: How Bankers United to Play Defense Against Durbin Expansion 8 Banks Need a Game Plan for Today’s Interest Rate Environment 11 Relationship Do’s and Don’ts for Vendor Contract Negotiation 12 2023 CBA Upcoming Events 14 CBA Centerpoint Going Beyond the Desk to Hear the Stories of Colorado Bankers 16 How to Prepare Consumers for a Recession Three Experts Share Their Advice for the Months Ahead 19 Why Lenders Should Consider SBA Loans During a Recession 20 Money Laundering Through Art and Antiquities 24 Commonly Asked Questions About Writs of Garnishment of Bank Accounts 26 The Society of Bank Executives 8 Colorado Bankers Association The January • February 2023 3
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