This past August, the Government of Canada launched its anticipated consultation paper to seek feedback from stakeholders and vulnerable members of the public on the criminal rate of interest and the availability of high-cost installment loans often offered by alternative lenders. While the Government of Canada’s policy goal has not resulted in a new criminal […]
On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated recommended fallback language for loan agreements (the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). The Recommended Language was […]
Margill’s CEO, Marc Gelinas, was recently put to the challenge to make a video to show most of the main features of the Margill Loan Manager software. Knowing that the software contains more than 600 000 lines of code, and knowing that nowadays, everything needs to be short and sweet in order to keep the […]
Le 30 juin prochain entrera en vigueur le nouveau Cadre de protection des consommateurs de produits et de services financiers et son règlement. Dans ce bulletin, on présente certaines des règles intégrées au Cadre, sous la perspective de règles similaires applicables au Québec en matière de protection des consommateurs de services financiers. Ce bulletin présente également certaines des […]
A most appreciated feature in Margill Loan Manager (MLM) is its quick access to four variables, accessible in the reports or in the Main window, that allow the user to instantly see the amount that must be paid by the Borrower to “get back on track” if one or several payments are missed, partial or […]
Please note that Margill products have not been impacted by the Apache “Log4j2” vulnerability. The Margill Team wishes you all a very Happy New Year 2022!
The entire Margill team wishes you, in spite of the current exceptional situation, a very Happy Holiday Season. May 2022 be filled with happiness and health!
In this webinar, we are looking into what’s new in version 5.3 including increased automation and customization. This is followed by a sneak peek at upcoming version 5.4 (available in November 2021), again with new automation aspects as well and many features you asked for. Finally, we go over some aspects of the software that […]
An Act to amend the Criminal Code Bill-C-274 (the Bill) entered first reading in the House of Commons on May 11, 2021. The Bill would amend1 the definitions of “criminal rate” and “interest” in subsection 347(2) of the Criminal Code, while also repealing section 347.1, which had allowed certain exceptions for payday loans. The Bill will be […]
Last February 11, 2021, the Margill Team held a webinar to introduce the new features of the Margill Loan Manager software, version 5.2. For those who have missed it or if you wish to see it again, here it is: