Pub. 10 2020-2021 Issue 2

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S — H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S September • October 2020 1 2 A Word From CBA: There Are Some Good Aspects to This “New Normal” 4 Chairman’s Message: Advocacy Amid COVID-19 Is an Endurance Game 5 Washington Update: Personal Finance for the Pandemic Era: Why Bankers Should Deliver Fin Ed Lessons Today 6 FEATURE ARTICLE: CFPB Announces Its Spring Agenda 8 COVID-19 Loan Modifications: It Is More Than Just a TDR Issue 10 This Could Be the Answer to Your Risk Management Goals 11 FEATURE ARTICLE: Foreclosure Protection: Where Are We Now? 13 Being Proactive in Tricky Times 15 Thank the Fed for the Blueprint 16 ALERT: Fraudulent Filings With the Colorado Secretary of State Targeting Banks 17 Triaging for Your Institution’s Credit and Liquidity Health ©2020 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. Don Childears CEO Jenifer Waller President Amanda Averch Director of Communications Lindsay Muniz Director of Education Margie Mellenbruch Bookkeeper* Craig A. Umbaugh Counsel* Jim Cole Lobbyist* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* Brandon Knudtson Director of Membership * outsourced Amanda Averch, CBA Director of Communications, Averch@coloradobankers.org 140 East 19th Avenue, Suite 400 Denver, Colorado 80203 voice: 303.825.1575 — fax: 303.825.1585 Websites: www.coloradobankers.org www.smallbizlending.org www.financialinfo.org 6 11 13