Effective October 1, 2025, title insurers in Canada will be designated as reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). This regulatory change, published in the Canada Gazette in 2024, aligns title insurers with financial institutions in terms of compliance obligations. These include establishing a compliance program, verifying client identity, maintaining records and […]

Jurismedia, developer of Margill Loan Manager, the world-class loan servicing software is proud to announce that it recently completed its SOC-2 (System and Organization Control 2) Type 2 examination. SOC 2, which stands for System and Organization Controls 2, is a framework developed by the American Institute of Certified Public Accountants (AICPA) to help organizations […]

The US government has sued a unit of Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers into unaffordable loans—so customers would buy homes from the company’s manufactured housing business. The U.S. Consumer Financial Protection Bureau filed the lawsuit Monday against Berkshire’s Clayton Homes manufactured housing division. The complaint alleges that Vanderbilt Mortgage and Finance, […]

Marc Gelinas, CEO for Margill, is currently attending the 64th edition of the annual congress of the Association of Economic Development Professionnals of the province of Quebec. (Association des Professionnels en développement économique du Québec  – APDEQ), which is being held in the city of Sherbrooke. This year’s theme is the equation of economic prosperity, […]