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Upcoming BCG Seminars
BCG's monthly Seminars are one of the most popular features of BCG membership. Each Member is allowed to register up to 20 people to attend a monthly Seminar, including a new option to register for our BCG Seminar Recording Playbacks. BCG Seminars collectively cover a myriad of topics, including Electronic Banking, Compliance Management, Financial Privacy, Information Security, Commercial Real Estate Lending, Construction Lending, Loan Workouts and Collections, and many more.
Listed below are the next few BCG Monthly Seminars. Please click on a title below to view a brief description of each Seminar. Additional Seminars will be posted as their respective dates approach. If you have any questions or require further information, please contact us.
Download the 2025 BCG Seminar Schedule Here!
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November 2024
Aldrich & Bonnefin is pleased to invite you to a Seminar on the Equal Credit Opportunity Act (ECOA), its implementing Regulation B, and the Fair Credit Reporting Act (FCRA).
As we will discuss during this Seminar, ECOA applies to every loan and every aspect of a credit transaction. To top it off, FCRA applies every time you pull a consumer’s credit report. So, outside of not making loans or never pulling a credit report, there is no way around ECOA and FCRA compliance.
This Seminar will show you how to walk through ECOA and FCRA’s heavy hitters, such as the adverse action notice rules, the signature rules and when you may pull a credit report. For the adverse action notice rules, we will breakdown: (i) when you must include credit scores in these notices; and (ii) the differences between an inquiry, application and completed application. We will also discuss the FCRA’s new proposed rule on medical debt.
Additionally, fair lending compliance should remain at the forefront of every creditor’s loan origination and servicing activities. Fair lending compliance issues can not only expose a creditor to examiner criticism, enforcement actions, civil suits and bad press, but also lead to customer service issues. We will discuss how to maintain those fair lending compliance activities and what are currently the most pressing fair lending compliance issues.
Friday, December 6, 2024
Anaheim Marriot Hotel
Tuesday, December 17, 2024
Recording Playback
*For BCG Members Only
In addition to the presentations by our Keynote Speakers, we will have presentations on the following topics (and others) presented by the attorneys at Aldrich & Bonnefin, PLC:
Corporate Governance
• Fiduciary duties of directors and recent director liability cases
• Updates regarding executive compensation, interest rate risk and liquidity, the impact of the 2024 Presidential Election, and others
Consumer Lending
• Recent developments regarding CRA, fair appraisals, Regulation Z, Regulation X, and others
• Updates on litigation over the constitutionality of the CFPB’s funding mechanisms
Operations and FinTech
• Efforts to expand consumer protections under Regulation E (legislative, litigation, and regulatory focus)
• Updates regarding third-party risk management, brokered deposit rulemaking, and beneficial ownership requirements
Commercial Lending
• Recent developments regarding the CFPB’s Small Business Lending Data Collection Rule
• Fair lending in the commercial context and commercial lending trends
Keynote Speakers:
Paul Worthing, Regional Director, FDIC, San Francisco Region
Mohammad Noor, Assistant Deputy Commissioner (Banking Division), DFPI
Speakers from Aldrich & Bonnefin, PLC:
Mark E. Aldrich, Keith R. Forrester, Anne M. McEvilly, and Joel N. Cook, Principals
Harry S. Khalsa, Associate John M. Davis, Associate and Andrew J. Litchy, BCG Manager
January 2025
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 other small business loan applicants, in accordance with regulations to be issued by the Consumer Financial Protection Bureau (CFPB). On March 30, 2023, the CFPB issued a final rule amending Regulation B to implement the changes made by Section 1071 (the “Section 1071 Final Rule”).
Several lawsuits were then filed challenging the Section 1071 Final Rule primarily based on the constitutionality of the CFPB’s funding structure, and an injunction was issued to temporarily delay the compliance dates provided in the Section 1071 Final Rule. However, in May 2024, the U.S. Supreme Court upheld the CFPB’s funding structure, and the CFPB then extended the compliance dates provided in the Section 1071 Final Rule.
In this Seminar, we will discuss which institutions are subject to the Section 1071 Final Rule, the new extended compliance dates and related recent developments, the details and requirements of the rule (such as the data collection requirements, firewall requirements, reporting data to the CFPB, etc.), and some best practices in terms of complying with the rule. We will also discuss the Section 1071 Final Rule’s impact on lenders, such as fair lending issues, possible reputational concerns, changes to the application process for small business loans, and training staff. Additionally, we will cover some examples and case studies during the Seminar.
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