Bankers Compliance Group | The Banking Community's Foremost Resource For Legal Services | BCG
HOME   |   CONTACT   |   LOGIN   |   REGISTER
 
 
shaking hands business colleagues clapping credit information credit union bank sign
Today is: September 27, 2021  
 

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 accounts.

____________________________

Like you we are glad to have survived 2020.  And like many of you, the Aldrich & Bonnefin, PLC team is (mostly) working remotely.  We cannot wait for the day when we can all return to our offices and get back to “normal,” whenever and whatever that may be.

We hope you and your families are staying healthy and safe.  We are blessed that our entire firm is fine.  Of course we continue to observe Governor Newsom's stay-at-home order, as well as the social distancing, face covering and other CDC guidelines.

As you know, we continue to present all BCG Seminars virtually through our Recording Playback series.  Our speakers certainly miss the opportunity to present BCG Seminars and interact with our clients in person.  Until we can meet again, we hope you continue attending the Recording Playbacks (and tell us what you think in your evaluations!).

The passage of the Consolidated Appropriations Act of 2021, including the Economic Aid Act, should keep us all busy for at least the next six months.  A BCG Handout, entitled “The New COVID-19 Stimulus Bill (HR 133): What Financial Institutions Need to Know,” discussing the new legislation is available for BCG members on BCG’s website at www.bankerscompliancegroup.com.  In addition, we continue to advise many of our commercial lending clients regarding their PPP loan programs, including second draw PPP loans and loan forgiveness.

Please continue to stay safe and let us know how we may be of assistance.


CFPB Finally Issues Section 1071 Small Business Lending Data Proposal

Dodd-Frank Act Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to compile, report and maintain specified information regarding certain women-owned, minority-owned, or small business loan applicants, in accordance with regulations to be issued by the CFPB. After a long wait, on September 1, 2021, the CFPB finally issued its proposal to implement Section 1071. Read more. 


OCC Changes Address for CRA, FHA, and ECOA Notices; Action Required by November 4

National banks, federal savings associations, and federal branches and agencies of foreign banking organizations (collectively, “OCC-supervised institutions”) must list the OCC’s address in their Community Reinvestment Act (CRA) public notice, the Equal Credit Opportunity Act (ECOA) notice within their adverse action notices, and their Fair Housing Act (FHA) poster. Read more.
 


NEW BCG Webinars On-Demand

Bankers' Compliance Group® is happy to announce that we have added a new "On-Demand" event type. The On-Demand events replace Webinar CDs and allow BCG Members and Non-Members to view past Webinar recordings at your convenience. 
Read more. 

 

| Home | Contact | Sitemap | Disclaimer |
Copyright © 2021 Aldrich & Bonnefin, PLC - All Rights Reserved
RSS Feed Icon