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Today is: June 20, 2021  
 

 

Upcoming BCG Webinars

BCG Webinars are an optional resource offered once a month via the internet. Topics include Levies and Executions, New Accounts Documentation, Flood Insurance Regulations, and Doing Business with Family Trusts. Additional Webinars will be posted below as their respective dates approach. To view descriptions of past Webinars, click here or contact us if you have additional questions.

Upcoming BCG Webinars        

   

 

California Dreamin': An Update on Citizenship and Other Discrimination in California

Wednesday, June 16, 2021

10:00 - 11:30 a.m.

 

Even though Regulation B’s commentary recognizes that an applicant’s immigration status could have a bearing on the creditor’s ability to obtain repayment, citizenship and immigration status discrimination nonetheless expose creditors to liability under both federal and California law. For example, “Dreamers,” also known as DACA recipients, have been plaintiffs in at least two recent California class action lawsuits alleging this type of discrimination by creditors. During this Webinar, we will discuss the current prohibited bases under the various federal and California fair lending laws, these two Dreamer cases, and other pressing fair lending compliance issues.

Remember that fair lending compliance is a compliance issue that can expose a creditor to examiner criticism, enforcement actions, civil suits and bad press. And more than ever, it has become a customer service issue. To reduce this risk exposure, we encourage you to join us for this Webinar. 

 

 

 

 
 
 
 
 
 
 

 

 

 

Loan Participations Update 2021

Tuesday, June 29, 2021

10:00 a.m. - 12:00 p.m.

 

Interest in the purchase of participations in commercial loans and also the purchase of whole commercial loans has increased as the pandemic and the related recession has subsided. Smaller institutions see these purchases as a way of growing their commercial loan portfolios, while larger institutions see the sale of participations and whole loans as a way of diversifying their portfolios. Institutions both large and small also may look to participations as a way of dealing with lending limit issues. Whatever the motivation, an institution buying or selling must carefully analyze the loan participation agreement. We will also discuss recent regulatory developments affecting loan participations that lenders should address.

Aldrich and Bonnefin is pleased to invite you and your commercial lending staff and audit and documentation staff, to attend our Webinar on Loan Participations and Whole-Loan Purchases.

Note that this Webinar will not provide a comprehensive review of the underwriting issues to be considered when selling or buying a loan participation or a whole loan. Rather, we will focus on certain specific regulatory and examination issues regarding loan participations.

 

 

 

 
 
 
 
 
 
 

 

 

 

The Demise of LIBOR: Where We've Come From and Where We're Going

Wednesday, July 14, 2021

10:00 - 11:30 a.m.

 

For decades the London Interbank Offered Rate (LIBOR) has been a popular reference rate for commercial loans, residential mortgages, derivatives and swaps, as well as other credit instruments. However, due to past abuses in the manipulation and reporting of LIBOR rates, it is expected that LIBOR will soon either no longer be published or will soon become a poor benchmark on which to base interest rates. Therefore, the banking industry is preparing to move away from LIBOR and use alternative indices.

Lenders should have already begun to transition legacy loan agreements and other financial contracts to a successor index or indices. Fallback language that is currently found in many loan agreements, promissory notes and other contracts may be insufficient to protect a financial institution from disputes or litigation regarding successor indices.

We will discuss the various approaches and contractual language that should be considered. Lenders should also inventory the number and dollar amount of existing contracts that pose these contractual issues and develop a program addressing how to move these contracts to the new preferred indices. In this presentation, we will discuss the strategies and planning around this major effort.

 

 

 
 
 
 
 
 
 

 

 

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