OFFICIAL PUBLICATION OF THE COLORADO BANKERS ASSOCIATION

Pub. 11 2021-2022 Issue 6

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66…6 Reasons Rule 66 Receiverships Are the Mark of Ingenuity

Recent headlines regarding conservatorships, highlighting their negative consequences which can include overbearing administrators flexing too much power over long periods of time at high expense, can unjustifiably cloud the public perception of a similar process – receiverships. But such a rush to judgment would be a misstep when a receivership is tactfully deployed, in circumstances such as insolvency or other mismanagement. Here are six reasons why establishing a Rule 66 receivership can be a creative tool to achieve a best-case goal.

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Why Commercial Lenders Should Invest in Automated Document Collection

Commercial lending is a saturated and highly regulated field.

As if that were not enough, lenders often must fight not only their competitors but their own internal processes as well. A surprising number of commercial lending institutions continue to rely on outdated document collection methods such as paper forms, in-person meetings, Excel spreadsheets, and manual workflows.

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House Considers Overdraft Program Fee Reform

On March 31, the U.S. House of Representatives Financial Services Subcommittee held a hearing on possible government intervention regarding the future of overdraft programs. The hearing comes after an initiative announced by the CFPB to reduce “exploitative junk fees” and the highly publicized steps taken by big banks to eliminate or reduce overdraft fees.

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