Bankers Compliance Group | The Banking Community's Foremost Resource For Legal Services | BCG
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Today is: December 1, 2023  

  Bankers' Compliance Group® (BCG) is an organization of dozens of banks, credit unions, and savings associations that have associated for the purpose of retaining and sharing legal counsel for group legal services.

BCG members pay a monthly membership fee for monthly briefings, newsletters, all-day seminars, Standard Procedures Manuals, telephone access to legal counsel, and special projects that are of common interest to members.

The law firm of Aldrich & Bonnefin, PLC* acts as legal counsel for BCG and provides expertise in all areas of banking operations, consumer, mortgage and commercial lending, regulatory compliance, corporate governance, negotiable instruments, legal processes, new accounts, and much, much more.  


It's More Than Just Compliance!

Bankers' Compliance Group® is known throughout California for advising, teaching and keeping its members informed about developments in legal and regulatory compliance matters.

Also available to BCG members and non-members alike is a full range of legal services for financial institutions.

Aldrich & Bonnefin* (counsel to Bankers' Compliance Group®) is available to assist financial institutions with all aspects of loan structuring and documentation, as well as loan workouts and collections. Our experienced attorneys assist clients with questions about various issues regarding both consumer, mortgage, and commercial loans ranging from regulatory compliance to due diligence and structuring. We offer assistance in all aspects of documentation, from providing sample language for a specialized provision, to providing customized documentation for all or a portion of a loan transaction.

In addition, we offer a series of generic forms that will supplement most computer-generated documentation systems. Our form documents are designed to provide flexibility, that may not be available from an automated system, often needed in order to customize a document for special terms and conditions required for a specific transaction. We also offer assistance with setup and training for automated documentation systems.

Aldrich & Bonnefin* also provides legal and regulatory support in connection with all areas of banking operations and financial technology (fintech) services. We advise clients regarding regulatory compliance issues involving banking operations, including Regulations DD, CC and E, and prepare customer-facing account disclosures, account agreements and other documentation related to banking operations. The firm's unique involvement in “on-the-spot” telephone support to clients for immediate preventive advice provides reduced risk and promotes early resolution of operations claims and disputes.

Regulators Release New Climate-related Financial Risk Management Guidance*

On October 24, 2023, the OCC, the FDIC, and the FRB released new interagency guidance entitled “Principles for Climate-Related Financial Risk Management for Large Financial Institutions” (the “Principles”). Intended to apply to financial institutions with over $100 billion in total consolidated assets, the Principles provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Read more.

Court’s Nationwide Delay of the CFPB’s Small Business Lending Data Collection Rule and Senate’s Joint Resolution*

On October 26, 2023, the U.S. District Court for the Southern District of Texas in Tex. Bankers Ass’n, et al. v. CFPB, Case No. 23-144 (S.D. Cal. Oct. 24, 2023) issued a nationwide preliminary injunction prohibiting the Consumer Financial Protection Bureau (CFPB) from enforcing its final rule implementing Section 1071 of Dodd-Frank Act, which requires financial institutions to collect and report data on business credit applications received from small businesses. Read more.

Agencies Finally Approve Jointly Proposed Rule to Modernize CRA Regulations*

On Tuesday, October 24, 2023, the Federal Reserve, FDIC, and OCC approved a rule (Final Rule) that will jointly finalize a six-year saga to modernize the regulations that implement the 46-year old Community Reinvestment Act (CRA). The Final Rule, which generally adopts the May 2022 proposed rule, is the first major update to the CRA regulations since 1995, other than the OCC rule that was rescinded a few years ago. Read more.


* Janet Bonnefin is retired from the practice of law with the firm.
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