News

Margill Loan Manager 5.0 now available!

After a two-year process, Margill Loan Manager 5.0 is now available for download! A new look, but without changing the way you work, a host of new features to make your lives even easier. See the Release Notes: https://www.margill.com/en/margill-loan-manager-release-notes. To download go to https://www.margill.com/get Stay tuned for our 20 minute Webinar on what’s new in 5.0 for […]

Cuomo Signs Bill Cracking Down on Small-Business-Loan Abuses

Interesting article by Zachary R. Mider about New York Governor Andrew Cuomo who signed a bill aimed at preventing predatory lenders from using the state’s court system to seize the assets of small businesses nationwide.  Read the article here.

Wall Street Prepares for the End of a Crucial Benchmark

LIBOR (London Interbank Offered Rate) is dying, warn global regulators, and there’s nothing banks can do to stop it. Here’s an interesting article on the subject by Lannah Nguyen and Alex Harris.

Supreme Court of Canada considers litigation funding for the first time

Canada’s highest court will soon have an opportunity to clarify the law on litigation funding. Find out more by following this link.

Margill Loan Manager latest version 4.4 and upcoming 5.0 – New features now on web site

Margill Loan Manager latest version 4.4 and upcoming version 5.0 – Release notes (new features) now available on our web site. See www.margill.com/en/margill-loan-manager-release-notes

CANADA : Alert to borrowers and lenders: Significant changes to lessee accounting standards

Effective for accounting periods starting January 1, 2019, International Financial Reporting Standards 16 (IFRS 16) has replaced International Accounting Standards 17 (IAS 17) as the accounting standard for leases for all Canadian entities reporting under IFRS. Complete text here.

Expensive Loans to Desperate People Built This $90 Billion Industry

About 12 million Americans use high or very high interest loans every year (payday, title loans, etc.). The Trum administration may introduce new legislation that may significantly change the landscape.  Here is an interesting article dealing with the subject. Just follow this link.

Replacing LIBOR – Are you Thinking About This $200 Trillion Dollar Problem With Your Contracts?

Darren Gold, VP at UnitedLex Corp., wrote an interesting article about the London Interbank Offer Rate (LIBOR) which is used all over the world as the reference for a great number of loan contracts.  The UK’s Financial Conduct Authority recently declared that it would no longer require banks to submit the data that enabled LIBOR […]

Happy Holidays!

Margill Webinar

The Margill Team is proud to formally announce the release of Margill Loan Manager 4.4. It is a really impressive version with a host of new features. Here are the six most important improvements: Blocking historical transactions Alerts: Use templates with merged data to send automatic emails and Mail to SMS to borrowers (example: upcoming […]