Update: Regulation CC – The Funds Availability Law

April 15th, 2020

Regulation CC – The Funds Availability Law, will be changing as of July 1st, 2020. The initial availability of $200.00 is rising to $225.00 and the large deposit amount is rising from $5,000.00 to $5,525.00.  

 

This affects the signage posted in your lobbies and at teller stations, as well as the paper disclosure given at account opening. It also affects certain Notice of Hold documents. 

Banker’s Group Purchasing is at your disposal to facilitate these updates by providing compliant up to date disclosure materials to you. Get ahead of the expected rush in June, by contacting us today. Please be advised that we can provide the printed disclosure in an expedited manner, however, it does take quite a bit more time to produce the plastic plaques and desk signs, as they have to be manufactured by a third party. 

A Note to Our Customers in Regards to Covid-19

April 9, 2020

Please be assured that here at Bankers Group Purchasing we are doing our part to prevent the spread of COVID-19 by social distancing, hand washing and sanitizing to keep our staff and community safe. During these trying times we will continue to operate with full service to our customers as long as it is safe to do so.

Thank you for your loyalty and for your business.

 

Stay safe & be well,

Andrew Grove & the BGP Team

Form Update: 175

October 27, 2015

We have updated form #175 as of August 2015. Order your new booklets today!

Form Updates: 175, 176 & 343

January 30, 2014

Recently the CFPB updated three brochures;

  • CHARM Booklet - BGP Form #176      

  • Settlement Costs Guide Booklet - BGP Form #175 and        

  • "What you should know about Home Equity Lines of Credit"brochure - BGP Form #343

UPDATE to Credit Applicant Signs - Forms #301 and #289

July 1, 2013

On July 1st it became illegal to discriminate against a person on the grounds of "Gender Identity". This language has been added to our Credit Applicant signage. We have available our 301 sign which states the Massachusetts wording. We also have our 289 which includes the federal wording as well, which is less restrictive. The 289 was created for banks who wanted the federal wording as well as the state wording. The 289 comes with either the address for the FDIC or the FRB.

 If you have any questions, please contact us Andrew at 781-891-0303 or via email at andrew@bgpforms.com.

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