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Boxed in: Canadian federal regulations to prompt changes for credit card issuers and other creditors
- Borden Ladner Gervais LLP
- -
- Canada
- -
- May 31 2009
On Thursday May 21, 2009, Canadian Finance Minister Jim Flaherty announced new draft federal regulations that will change disclosure requirements and set new rules for federally regulated financial institutions that extend credit to consumers
Inside the box: final form of Canadian federal credit regulations published
- Borden Ladner Gervais LLP
- -
- Canada
- -
- September 30 2009
Every federally regulated entity that extends credit to consumers in Canada will be interested in the final form of the federal Credit Business Practices regulations (the "Final Credit Business Practices Regulations") and the final form of the amendments to the Cost of Borrowing regulations (the "Final Cost of Borrowing Amendments"), which were published in the Canada Gazette on September 30, 2009
Raising the stakes: Senate Committee reports on Canada's credit and debit card systems
- Borden Ladner Gervais LLP
- -
- Canada
- -
- July 15 2009
On Tuesday June 30, 2009, the Standing Senate Committee on Banking Trade and Commerce (the "Senate Committee") tabled its report entitled "Transparency, Balance and Choice: Canada's Credit Card and Debit Card Systems" (the "Report"
Canada’s credit and debit payment systems under scrutiny
- Borden Ladner Gervais LLP
- -
- Canada
- -
- April 8 2009
Committees from both the Senate and the House of Commons have recently undertaken to review Canada's credit and debit payment systems
Proposed voluntary Code of Conduct will materially affect Canada's payments systems if adopted
- Borden Ladner Gervais LLP
- -
- Canada
- -
- December 7 2009
On November 19, 2009, the Honourable Jim Flaherty, Minister of Finance, announced the latest action the federal government will take to regulate Canada's credit and debit industry and released for public consultation a draft voluntary "Code of Conduct for the Credit and Debit Card Industry in Canada" (the "Code"
Between the lines: Feds begin to implement greater regulatory oversight of payment networks in Canada
- Borden Ladner Gervais LLP
- -
- Canada
- -
- April 19 2010
A bill has been introduced to the House of Commons that, if passed into law, will create a new regime that will directly regulate payment network operators and their commercial practices, impact card issuers and card acquirers, and affect any party involved in Canada's payments systems
Review of Canadian federal financial institutions legislation
- Borden Ladner Gervais LLP
- -
- Canada
- -
- October 20 2010
Canada's Minister of Finance has announced that the scheduled 5-year review of federal financial institutions legislation has commenced and has called for comments from interested parties to be submitted by Friday, November 19, 2010
New disclosure obligations for registered and prescribed products in Canada
- Borden Ladner Gervais LLP
- -
- Canada
- -
- June 16 2010
Federally Regulated Financial Institutions ("FRFIs") will soon be facing new regulations requiring certain disclosure with respect to registered retirement savings plans ("RRSPs"), registered education savings plans ("RESPs"), tax free savings accounts ("TFSAs"), registered disability savings plans ("RDSPs"), and products such as guaranteed investment certificates ("GICs") and principal protected notes ("PPNs") that are related to registered plans
Payment cards 2010 in review
- Borden Ladner Gervais LLP
- -
- Canada
- -
- February 22 2011
In the past few years, the structure and operation of Canada's retail payment systems have rapidly evolved in the face of technological advances and emerging services
G-20 Summit in Toronto: highlights for the financial sector
- Borden Ladner Gervais LLP
- -
- Global
- -
- June 30 2010
The G-20 Toronto Summit of June 2010 agenda focused on recovery from the global economic and financial crisis and the implementation of commitments from previous G-20 Summits, while laying the foundation for sustainable and balanced growth
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