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Kane Shannon Weiler
The federal government intends to lower the criminal interest rate from 60% effective annual rate (EAR) to 35% annual percentage rate (APR), which equals about 42% EAR...
Miller Thomson LLP
In Quebec, the Consumer Protection Act (the "CPA") governs contracts for goods or services entered into between consumers and merchants in the course of their business.
Omni Bridgeway Capital (Canada) Limited
Litigation Funding Comparative Guide for the jurisdiction of Canada, check out our comparative guides section to compare across multiple countries
Aird & Berlis LLP
On May 1, 2022, British Columbia will become the fourth Canadian province (along with Alberta, Manitoba and Quebec) to regulate high-cost credit products.
McCarthy Tétrault LLP
On April 8, 2020, the US Federal Trade Commission ("FTC") published a business blog, titled "Using Artificial Intelligence and Algorithms" (the "FTC Blog").
Gowling WLG
Can a consumer enter into a valid credit contract online under Quebec consumer law? Spoiler: The answer is yes.
Torys LLP
Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86) received Royal Assent on December 13.
Langlois Lawyers, LLP
On November 15, 2017, the Act mainly to modernize rules relating to consumer credit and to regulate debt settlement service contracts, high-cost credit contracts and loyalty program...
Langlois Lawyers, LLP
On November 15, 2017, the Consumer Protection Act (the "CPA") was amended by An Act mainly to modernize rules relating to consumer credit and to regulate debt settlement service contracts ...
Borden Ladner Gervais LLP
The proposed changes are intended to clarify the uncertainty around the application of the existing gift card rules.
McCarthy Tétrault LLP
Major amendments to the Québec Consumer Protection Act ("CPA") were adopted on November 15, 2017 by the Québec Legislature.
Bennett Jones LLP
Payday lenders provide small amounts of money to borrowers on a short-term, often high cost basis in exchange for future payment, like a post-dated cheque or pre-authorized debit.
McCarthy Tétrault LLP
On February 16, 2017, the CFPB issued a Request for Information seeking feedback from the public on the use or potential use of alternative data and methodologies to assess consumer credit risk . . .
Lerners LLP
In Bancroft, a class action involving allegedly improper credit card merchant fees, Justice Perell, on a motion to approve counsel fees, approved the contingency fee sought by class counsel.
Cassels
The exact effects of Bill 59 are unknown until regulations are enacted, but, as presently drafted, certain provisions are broadly stated and require greater clarity.
Osler, Hoskin & Harcourt LLP
The proposed amendments to the Bank Act require further analysis to fully assess the impact on Canadian banks and authorized foreign banks.
Blake, Cassels & Graydon LLP
On October 25, 2016, Bill C-29, Budget Implementation Act, 2016, No. 2, received first reading. Division 5 of Bill C-29 will, if passed, consolidate the consumer provisions under the Bank Act.
Blake, Cassels & Graydon LLP
The Consultation documents differ from the 2011 Compliance Framework and the previous Publishing Principles in several respects and this bulletin highlights some key points for regulated entities.
Torys LLP
The Financial Consumer Agency of Canada (FCAC) is seeking comments and feedback on its Proposed Supervision Framework and Publishing Principles for FCAC Decisions.
Torys LLP
On July 29, the Financial Consumer Agency of Canada (the FCAC) published final versions of three guidance documents to assist with the implementation of new disclosure requirements set out in the April 2015 update...
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