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Today is: January 17, 2021  
 

 

Upcoming BCG Webinars

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

Upcoming BCG Webinars        

   

 

Recent SBA Regulations to Implement the Paycheck Protection Program 2.0 

Friday, January 22, 2021

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

 

On December 27, 2020, the Consolidated Appropriations Act of 2021 (CAA) was signed into law and made significant changes to the SBA’s Paycheck Protection Program (PPP). Notably, the CAA authorizes the reopening of the PPP with specified changes, and allows certain borrowers to obtain a second PPP loan. On January 6, 2021, the SBA published two new interim final rules to implement the CAA changes to the PPP. The first interim final rule entitled Paycheck Protection Program as Amended by Economic Aid Act (“CAA PPP IFR”) consolidates the previous interim final rules (and important guidance) issued by the SBA regarding the PPP, and updates the rules in light of the changes made by the CAA. The second interim final rule entitled Paycheck Protection Program Second Draw (“PPP Second Draw IFR”) provides the rules for making a second loan to PPP borrowers.

In this Webinar we will discuss in detail the CAA PPP IFR and the PPP Second Draw IFR, focusing on the changes to the PPP made by these new interim final rules.

 

 

 

 
 
 
 
 
 
 

 

 

ATM/Debit Card and ACH Unauthorized Claims Processes 

Wednesday, January 27, 2021

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

 

Financial institutions need to ensure that their ATM/Debit Card and ACH unauthorized claims processes are compliant and up-to-date. This webinar will address the claims process at it is impacted by Regulation E, Visa and MasterCard rules, the National Automated Clearing House Association (NACHA) Operating Rules and California law.

The presentation will include a discussion of relevant changes to the ACH NACHA Operating Rules that take effect in 2021, including changes to the authorization requirements and new limits on the warranty claims process.

Some of the questions we will address include: What are the rights of financial institutions when it comes to denying these types of claims and does it make a difference whether a claim comes from a consumer or a commercial customer? How does a customer’s negligence in handling the card and PIN impact the claims process? What are the documents an institution can request, and how long does an institution have to complete its investigation?

 

 

 

 
 
 
 
 
 
 

 

 

Levy Exemptions: Navigating The Levy Processing Nightmare

Thursday, February 17, 2021

10:00 - 11:30 a.m.

 

State and federal laws require financial institutions to leave a certain amount on deposit in an account for a depositor to use when served with a levy or other garnishment if the depositor’s account receives direct (electronic) deposits of certain state and federal benefit payments. There are yet other exemptions for set amounts, such as a child support order with a $3,500 exemption and California’s new exemption for all natural persons. To further confuse matters, there are new exemptions for COVID economic income payments made available under Governor Newsom’s executive order and recent relief legislation.

This is a very complicated area of law. This Webinar is intended to analyze each of the automatic exemptions that a California financial institution is likely to face. We will examine how financial institutions are expected to apply any given exemption whether served with a government or private party levy, attachment or order to withhold. Our discussion is also intended to help alleviate confusion expressed by many financial institutions over the conflicts between the various exemptions.

 

 

 

 
 
 
 
 
 
 

 

 

 

The ATR Hokey-Pokey: A New QM's In - Another One's Out

Wednesday, February 17, 2021

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

 

In December 2020, the CFPB practically overhauled the ability-to-repay rule (ATR Rule). Many creditors choose to comply with the ATR Rule by making "Qualified Mortgages" (QMs). The most common QM is the “Temporary GSE QM,” which piggybacks QM status onto eligibility for purchase by Fannie or Freddie or for insurance by FHA or VA. The CFPB is letting the beloved Temporary GSE QM expire on July 1, 2021. In an attempt to not totally disrupt the mortgage market, the CFPB is also, for example, making the General QM more flexible and adding a new “Seasoned QM.” During this webinar, we will discuss what QMs remain and in what form, helping creditors decide how they will transition from the Temporary GSE QM and into the 2021 QM regime.

 

 

 

 
 
 
 
 
 
 

 

 

 

 

 

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