Depuis 38 ans, le Techshow de la American Bar Association (ABA) réunit la technologie et les professionnels du domaine juridique. Cette année, le ABA Techshow aura lieu à l’hôtel Hyatt Regency à Chicago du 14 au 17 février 2024. L’Équipe Margill sera au rendez-vous! Venez nous saluer au kiosque 332 afin d’en savoir plus sur la façon dont notre logiciel peut aider votre cabinet avec le financement des litiges et de vos clients.
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 cent (effective annual interest rate) to an annual percentage rate (APR) of 35 per cent. They will also narrow the types of agreements and arrangements to which this criminal offence applies. Though not yet in force, the Regulations aim to combat predatory lending practices and reform Canada’s framework for consumer financial protection and regulation.
To read the whole story by Guillaume Talbot-Lachance, Matthew Connors and Kaliopi Dimitrakoudis, follow this link.