Pub. 6 2016-2017 Issue 4

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 2016 There is an opportunity to pass legislation to put a board in place at CFPB and make expenditures subject to Congress. Opportunities also exist to exempt portfolio mortgage loans fromQM/ATR, and to advance the TAILOR bill to require that current and future regulations be tailored to banks’ risk profile and business model. There is broad recognition on the need for GSE reform but no consensus on what to do. Sen. ElizabethWarren will continue to have a powerful po- sition on the Senate Banking Committee. Self-appointed “sher- iff of Wall Street,” Warren would have pushed Clinton to the left on banking issues and is boisterous in expressing distaste for big banks. With her powerful voice and populist following, Warren will argue forcefully that any legislation reflects her consumer-focused views. She can also frustrate more indus- try-friendly bills passed by the House of Representatives. In the Senate’s role in confirming the next president’s nominees, Warren’s supporters expect her to rail against nominees with substantial Wall Street backgrounds. The Republican House of Representatives can serve as a check onWarren’s proposals. As CBA and others continue efforts to achieve regulatory relief for the industry, we will count on Sen. Gardner, Rep. Tipton, Rep. Coffman, Rep. Perlmutter and other friends to press for regulatory relief. Along with them, we will count on you, our members, to provide the much-needed frontline perspective and insight that are invaluable to our lawmakers. Thank you for your continued support of CBA and of your industry. n Best, Don Childears President and CEO – Colorado Bankers Association Call us today at 303.860.0242 or refer a small business anytime at coloradoenterprisefund.org Financing startups and existing businesses up to $500K plus SBA loans up to $250K Fortuna Chocolate Celebrating YEARS OF IMPACT