Pub. 13 2023-2024 Issue 5

contents ©2024 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 CFO & Director of Membership Lindsay Muniz Director of Education Patricia Wells Director of Communications Megan Carruth Executive Assistant Margie Mellenbruch Bookkeeper* 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 BUILDING BETTER BANKS — Helping Coloradans Realize Dreams 14 18 4 MESSAGE FROM THE CEO The Cumulative Cost of Regulation By Jenifer Waller, President & CEO, Colorado Bankers Association 5 “An ll Wind That Blows No Good:” Economic Headwinds and Asset and Liability Management By Elizabeth Madlem, Vice President of Compliance Operations and Deputy General Counsel, Compliance Alliance 7 WASHINGTON UPDATE The Real Losers in the Reg II Fight By Rob Nichols, President and CEO, American Bankers Association 8 Transportation Industry By Glenda Wegener, Equipment Appraisal Liaison, Purple Wave Auction 9 SAFER Banking for Colorado Cannabis Businesses What Banks Need to Know By Mark Bell, Partner, Stinson LLP 12 CBA Centerpoint Going Beyond the Desk To Hear the Stories of Colorado Bankers 14 Gambling Addiction. Is It a Problem for Banks? You Bet It Is. By Neal Reynolds, President, BankMarketingCenter.com 16 More SECURE 2.0 Provisions Take Effect in 2024 By Mike Rahn, CISP, ASCENSUS 18 The True Cost of Fraud By Terri Luttrell, Compliance & Engagement Director, Abrigo 20 Community and Talent Engagement By Jennie Brady, Spry 22 Effective Communication Begins With Speaking the Same Language By Karen Brown, CEO, Exponential Results 2023-2024 Issue 5 3 Colorado Banker

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