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Today is: November 21, 2024  
 

 

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 webinars that are available online, click here or contact us if you have additional questions.

Upcoming BCG Webinars        


In 2018, California passed one of the most comprehensive data protection laws ever enacted in the United States, “The California Consumer Privacy Act of 2018” (CCPA), set forth in California Civil Code Section 1798.100 et seq. The CCPA is a broad law that requires California businesses to adhere to a number of obligations with respect to the “personal information” of California residents.
 
Among other things, the CCPA grants California residents the right to request that businesses disclose, delete, and/or correct the personal information businesses collect and maintain about them. These rights are commonly referred to as the “Request to Know” (RTK), “Request to Delete” (RTD), and the “Request to Correct” (RTC) (collectively “CCPA Requests”). The CCPA includes regulations which dictate how businesses must receive and respond to CCPA Requests received. As such, institutions need to ensure their policies and procedures for receiving and responding to CCPA Requests comply with the applicable regulatory requirements.
 
This one-and-a-half hour Webinar will provide a detailed discussion of the regulatory requirements institutions must comply with when receiving and responding to CCPA Requests, including among others, what information is covered by the CCPA, how to set up and respond to CCPA Requests, and the practical implications of not complying with CCPA Requests. There will be plenty of time for questions and answers.
 
 
 
 
 
 
 
 
 

Wire Transfers: Rights and Responsibilities

Tuesday, November 19
10:00 a.m. - 12:00 p.m. PT

Financial institutions face significant risk exposure from unauthorized or defective wire transfers and that risk can be mitigated by understanding the rights and responsibilities of the institution.  As part of this mitigation, 
we will discuss potential defenses to unauthorized wire transfer claims and the need for using security procedures that are commercially reasonable for any given customer.
 
Of equal importance is understanding the circumstances under which a wire transfer can be cancelled or amended. Institutions need to understand there is an inherent risk as an originator’s bank to act on a customer’s request to cancel or amend a recently sent wire transfer. In fact, not only does requesting cancellation to assist a customer result in the institution indemnifying the beneficiary’s bank, but it may also be a violation of federal regulations.
 
These and other issues will be explored in detail in this Webinar in order to help financial institutions implement appropriate policies and procedures for dealing with both outgoing and incoming wire transfers. 
 
 

 

 

* Janet Bonnefin has retired from the firm.
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