Brownstein Hyatt Farber Schreck is pleased to announce that Sarah Auchterlonie, a shareholder in the firm’s Denver office, was recently appointed to the Colorado State Banking Board. Auchterlonie is a banking and consumer finance attorney in Brownstein’s Litigation Department who recently authored the legal treatise, Consumer Finance Law and Compliance.
The Colorado State Banking Board is the policy and rulemaking authority for the Colorado Division of Banking and is appointed by Gov. John Hickenlooper. The Division of Banking regulates the business of state-chartered commercial banks and trust companies and state-licensed money transmitters, and enforces the Public Deposit Protection Act.
Having worked for the U.S. Department of Treasury as a safety and soundness regulator and the Consumer Financial Protection Bureau as an acting deputy enforcement director, Auchterlonie plans to draw on her significant supervisory and enforcement experience at the federal level to contribute to Colorado’s banking and finance communities.
“My grandparents owned and operated a community bank beginning in the 1950s,” said Auchterlonie. “I have the deepest respect and appreciation for local bankers and I admire the innovation happening in payment services. I am honored to be able to serve Coloradans by filling this position. I look forward to working with my fellow board members.”
To learn more about the Colorado State Banking Board, click here.