News
Margill Loan Manager – How to eliminate an Outstanding amount when the final loan balance is 0.00
Question: I’m trying to apply a payment in order to elimintat the outstanding balance in a loan. Can you explain how to do it? Answer: The outstanding amount is somewhat of a theoretical amount in more complex or irregular loans. The amount is based on what is actually paid (“Payment” column in the Payment schedule) […]
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet
Margill Loan Manager – Update of Borrower’s data with Global Changes and an Excel sheet Question: I must make sure that all my loans include a name, address, city, province (or state), postal code (or Zip) and country for the Borrowers in a specific format. How can I do that in Margill? Answer: This operation […]
Is it possible to issue a refund to a customer who overpaid, directly from Margill?
Q: Is it possible to issue a refund to a customer who overpaid, directly from Margill? A: Do you mean issuing a credit to the customer directly in Margill like when you do a pre-authorized debit with Perceptech / Acceo / Transphere (in Canada)? The answer is no with Perceptech / Transphere but with our […]
Open banking
In Budget 2024, the Government of Canada announced its plan for the implementation of consumer-driven banking. Consumer-driven banking, also known as open banking or consumer-directed finance, refers to frameworks that allow consumers and small businesses to securely transfer their financial data through an application programming interface (API) to approved service providers of their choice. Consumer-driven banking […]
A little banking humor!
Always borrow from pessimists, they won’t expect to get paid back…
Team Margill at ABA Techshow
For 38 years now, American Bar Association Techshow has has brought together legal professionals and technology. This year, the ABA Techshow will take place at the Hyatt Regency in Chicago from February 14 to the 17th, 2024. Come say say hello to the Margill Team at booth 332 to learn more about how our software can […]
Criminal interest rate: Canada sets high stakes for high rates
As it revisits decades-old regulations on what constitutes a criminal interest rate, Canada challenges lenders to remain profitable under substantially tighter margins. These Regulations are necessary to implement amendments brought by the Budget Implementation Act, 2023, No. 1 to section 347 of the Criminal Code. The amendments will lower the criminal annual rate of interest from the current 60 per […]
Margill in Tunisia
Ambassador Lorraine Diguer and the team of trade delegates from the Canadian Embassy in Tunisia met with Mr. Marc Gélinas, founding president of the Canadian company Jurismedia inc., his team as well as representatives of their Tunisian partner DevXperts (5Xperts Group). The discussion focussed on opportunities in Tunisia in addition to celebrating success of […]
Do I Have To Pay Back This Loan?
Joe Patrice, senior editor at “Above The Law“, offers a helpful guide for anyone wondering how borrowing works for different people. Earlier this week, Jonathan Turley’s thirst for attention led him to go on TV to describe “car loan payments” as corruption that “none of us have seen the likes of.” Turley is, of course, […]
Update to the Google Personalised ads policy
In February 2024, Google will update its Personalised ads policy to introduce new limitations on personalised ads relating to consumer financial products and services. Specifically, Google’s ‘Credit in personalised ads’ policy will be expanded to cover ‘Consumer finance in personalised ads’. The updated policy will read as follows: ‘In the United States and Canada, the following sensitive […]