Entries by Kim

Title insurance and FINTRAC: What lenders need to know as of October 1, 2025

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 […]

Bank of Canada now supervises the activities of payment services providers

Norton Rose Fulbright’s web site just published an interesting article about the entry into force of several provisions of the Retail Payment Activities Act (RPAA) and the mandate given to the Bank of Canada to supervise payment services providers. As of September 8th, PSPs must comply with RPAA obligations regarding operational risk management and safeguarding end-user funds, […]

Jurismedia / Margill Loan Manager: officially SOC 2 Type 2

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 […]

Jurismedia / Margill Loan Manager: officially SOC 2 certified

Jurismedia, developer of Margill Loan Manager, the world-class loan servicing software is proud to announce that it is now SOC 2 certified. 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 demonstrate their security and privacy controls, focusing […]

Part of Warren Buffett’s empire just got sued by the US government

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, […]

Annual congress of APDEQ

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, […]

Margill CEO attending Canada Fintech Forum in Montreal

September 10, 2024 – Margill CEO Marc Gelinas is currently attending the Canada Fintech Forum in Montreal. The Canada Fintech Forum is a landmark international gathering that aims to showcase emerging global trends in Fintech, new technology solutions for the financial industry and emerging Fintech start-ups. The Fintech Forum also aims to facilitate networking and […]