On July 4, 2025, President Trump signed the wide sweeping One Big Beautiful Bill Act into law (the “Act”). The Act is large with many components that will not directly impact financial institutions. Our discussion will highlight the areas that your institution needs to know and will provide practical insights for implementation. Both lending and deposit operations will be addressed, including areas involving remittance transfers, information reporting, student loan lending and changes at the CFPB. Listen in to this important presentation and be prepared for the Act’s impact. This presentation will not cover the accounting implications of the Act and institutions are advised to seek further guidance from their tax professionals. Handout to be posted Thursday, August 14th.
Friday, August 15, 2025
12:00 - 1:30 p.m.
On June 30, 2025, Governor Newsom signed into law Assembly Bill (AB) 130, a broad legislative package focused on California housing and infrastructure. Among its provisions is newly added Civil Code Section 2924.13, which designates certain conduct of servicers of subordinate residential liens as unlawful practices, and establishes new servicing, certification, and disclosure requirements for mortgage servicers handling foreclosures of subordinate liens on residential properties. These provisions took effect immediately, requiring servicers to promptly review and update their servicing and foreclosure practices to ensure compliance.
Join us for the August BCG Monthly Telephone Briefing on August 15, where we will discuss this new law and what Members must do to comply.Handout to be posted Thursday, August 14th.
