Bankers Compliance Group


Today is: September 18, 2025	Monthly Newsletter	Calendar of Events	Important Updates

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.

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Newly Added Webinars!

September 18 - Handling Subpoenas

September 25 - Letters of Credit Revisited

October 22 - IRS Information Reporting

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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.

CFPB Sued for Delaying the Section 1071 Rule*

As the law firm previously reported to BCG Members, the CFPB’s Section 1071 Small Business Lending Data Collection (SBLDC) Rule (codified in 12 FR Part 1002, Subpart B) has recently come under serious scrutiny. Not only has the rule survived various legal challenges, the compliance dates for the SBLDC Rule were recently delayed by the CFPB in June 2025, and it’s expected that the CFPB will substantially revise the rule. Now, consumer advocacy groups have sued the CFPB to implement the SBLDC Rule. Read more.

Court Pauses Section 1033 Lawsuit*

Section 1033 of the Consumer Financial Protection Act of 2010 (CFPA) provides that, subject to rules prescribed by the CFPB, a covered person (which includes financial institutions such as banks and credit unions) must make information in their control or possession concerning consumer financial products or services available to a consumer upon request. On October 22, 2024, the CFPB published the final rule to carry out the personal financial data rights established by Section 1033 (“PFDR Final Rule”). Read more.

FDIC’s Consumer Compliance Supervisory Highlights – Summer 2025: Consumer Lending*

In July 2025, the FDIC released its Consumer Compliance Supervisory Highlights publication (“Highlights”), which provides an overview of its consumer compliance activities and issues identified by examiners in 2024. Read more.

* Janet Bonnefin has retired from the firm.

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