Bankers Compliance Group | The Banking Community's Foremost Resource For Legal Services | BCG
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Today is: November 27, 2020  


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

BCG members share the cost of legal fees on a pro rata basis for monthly briefings, newsletters, all-day seminars, Standard Procedures Manuals, telephone access to legal counsel, and special projects that are of common interest to the 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 and new account.

Aldrich & Bonnefin and Bankers' Compliance Group Status Update

We hope you and your families are staying safe and healthy. These are extraordinary times for everyone but we want to assure you that our firm is open and operational and ready to assist all our clients. Fortunately our entire staff is staying safe and healthy. Of course we continue to honor the governor's stay-at-home order, as well as the social distancing and other CDC guidelines, which means we are all working remotely.

Our highest demand from clients in the past week has definitely been your need for advice regarding loan modifications as well as needing us to draft loan modification agreements, especially now that the CARES Act has been signed into law. The CARES Act imposes requirements as to some types of commercial loans and some types of consumer loans. Consequently, we are going to devote the entire April 17 BCG Monthly Telephone Briefing to relevant aspects of the CARES Act. We'll be sending out the MTB Agenda next week as part of our usual BCG Emailer. In the meantime, please call or email us if you need our assistance.

Shortly we will sending out an announcement regarding changes to our pricing for BCG Webinars. Each registration will allow up to five users to connect to a webinar using a single PIN. Details to follow.

In addition, we are canceling the in-person May BCG Letters of Credit Seminar, and adding several additional Recording Playback Dates. The Revised Seminar Announcement will be issued by Friday, April 3. If you have any questions regarding BCG Seminars or Webinars, please contact BCG at or

New DFPI's Impact on State-Chartered Institutions' California Fair Lending Notice

The California Holden Act prohibits redlining and other discriminatory practices. California Health & Safety Code Section 35800 et seq. and 21 California Code of Regulations (CCR) 7100. The Holden Act requires lenders to provide a Fair Lending Notice to when an applicant submits a written application for housing financial assistance. Lenders must also post the Fair Lending Notice in a conspicuous place for public inspection (such as in a public lobby). 21 CCR 7114.
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