Industry Information
Purpose
It is the legislative policy of the Division of Banking to protect the public interest by regulating the business of state chartered and/or licensed financial institutions under its supervision in such a manner as to preserve and promote
- Sound and constructive competition among financial services institutions;
- A dual federal and state banking system;
- The security of deposits;
- The safe and sound conduct of the business of state chartered/licensed financial institutions; and
- A statewide safe and sound banking system;
- Regulatory coordination and cooperation;
- Regulatory parity among financial services institutions; and
- Encourage diversity in financial products and services.
Appeals
Every state-chartered or licensed institution supervised by the Division of Banking has a right to appeal a material supervisory determination, [Section 11-102-203.5, C.R.S.]. To obtain more information on this process, please refer to Banking Board Rule AR-1.
Working to Preserve Public Trust in Colorado Banking |
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