 |
|
|
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!
|
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.
February 2025
Aldrich & Bonnefin is pleased to invite you and your operations personnel to attend our Negotiable Instruments Law Seminar.
We will review the requirements for check signatures and endorsements, including the various types of fraud claims that may be asserted against both depositary and payor banks.
We will also navigate treatment of electronic check collection under Regulation CC. This detailed discussion will include the warranties and indemnities for electronic check collection as well as the presentment and return requirements. We will also discuss the interrelationship between Regulation CC, the UCC and the ECCHO rules for those checks which are collected outside of the federal reserve system.
Finally, we will cover stop payment rights, lost, stolen or destroyed cashier’s checks, and recent Regulation CC funds availability adjustments.
March 2025
Although there have not been recent changes in Regulation Z coverage, lenders are constantly presented with the tricky edge cases that beg the question of if the credit is covered under Regulation Z. For this reason, we will conduct a review of the foundational Regulation Z rules regarding what is covered and exempt credit. To keep you up to date, we will also discuss recent developments that pertain to TILA and Regulation Z.
With the lending market being ultracompetitive, it is no surprise that creditors are aggressively marketing their credit products. If an advertisement includes what Regulation Z considers to be a “triggering” term, then the creditor must be sure the ad contains certain disclosures, which we will discuss during this Seminar.
We will also cover some of the more important TILA home equity line of credit (HELOC) and credit card rules in the Seminar.
|
|
