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2025 CBA Compliance Update: Client Trust Accounts: New Duties and Responsibilities in 2026

Wednesday, August 20 @ 10:00 - 11:00 AM PT | FREE FOR ALL CALIFORNIA BANKERS, CBA LAW FIRM MEMBERS, AND CBA ASSOCIATE MEMBERS | Virtual

About this Event

Beginning in 2026, California banks will face significant new statutory responsibilities related to the handling of client trust accounts (CTAs). Join us for an important discussion outlining these new obligations, key implementation timelines, and what financial institutions need to do to prepare.
This session will cover:

  • A new requirement for banks to collect and retain an attorney’s State Bar license number when opening a CTA, effective January 1, 2026.
  • Annual reporting obligations to the State Bar, beginning March 1, 2026, for CTAs associated with a license number.
  • A corresponding requirement, attorneys must furnish their license numbers to banks using a standardized form, no later than July 1, 2026.
  • Clarification that these new duties do not alter existing IOLTA obligations—banks must continue to report and pay interest on IOLTAs as before.
  • Statutory protections for banks, officers, directors, and employees from private rights of action arising from the discharge—or failure to discharge—these new duties.

Attendees will gain a clear understanding of the new compliance framework, what information must be collected and reported, and how to navigate the evolving regulatory landscape with confidence.

Event Details

California Bankers: FREE

CBA Law Firm Members: FREE

CBA Associate Members: FREE

Wednesday August 20, 2025 10:00 AM - 11:00 AM

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Speakers

Rob McWhorter

Shareholder

Buchalter

Ted Kitada

Steve Moawad

Special Counsel; Division of Regulation

The State Bar of California

Jennifer Stalvey

Program Manager, Division of Regulation

The State Bar of California

Additional Event Details

This event is open to all California bankers, CBA Law Firm Members, and CBA Associate Members.

The 2025 CBA Compliance Update: Client Trust Accounts: New Duties and Responsibilities in 2026 has been approved for:

  • 1.25 CRCM, CERP, CTFA, and CCTS credits
  • 1 CPE credit

The program has also been submitted to the State Bar of California for approval to offer MCLE credit. Once approval is confirmed, we will update the website accordingly.

The California Bankers Association is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors.