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Results: 1-10 of 190

Legal update regarding mortgage insurance
  • McCarthy Tétrault LLP
  • Canada
  • June 22 2015

Canada's regulatory and supervisory framework of its residential mortgage market has undergone significant change in the aftermath of


“Bitlicensing”: New York virtual currency regulations include cybersecurity program requirement
  • McCarthy Tétrault LLP
  • Canada, USA
  • June 12 2015

On June 3, 2015, the New York Department of Financial Services ("NYDFS") issued its final virtual currency regulations after spending a year


Three innocent lenders and a fraudster: a priorities dispute
  • McCarthy Tétrault LLP
  • Canada
  • May 25 2015

The recent decision of CIBC Mortgages Inc. (c.o.b. Firstline Mortgages) v. Computershare Trust Co. of Canada, 2015 ONSC 543 provides a fact


New regime in Quebec for security on bank deposits and other monetary claims
  • McCarthy Tétrault LLP
  • Canada
  • May 15 2015

In our December 3, 2014 Legal Update, we reported on the tabling of a bill in Quebec to amend the Civil Code of Québec (the “CCQ”) in respect of


The cheque is no longer in the mail: risks and developments relating to cheque imaging
  • McCarthy Tétrault LLP
  • Canada
  • May 13 2015

The Canadian Payments Association (the "CPA") recently issued a 4 part article series on the security implications of image-based cheque clearing, in


Bank of Canada announces updates to emergency lending policies
  • McCarthy Tétrault LLP
  • Canada
  • May 8 2015

The Bank of Canada (the "Bank") issued on May 5, 2015 "Bank of Canada Emergency Lending Policies", a consultation paper setting forth proposed


Lenders and execution creditors take note! The importance of searching for writs of execution on loan advances & providing actual notice of same
  • McCarthy Tétrault LLP
  • Canada
  • April 27 2015

Lenders advancing funds in stages or draws to a mortgagor should pay particular attention to searching for execution judgments against the mortgagor


Budget 2015: financial institutions update
  • McCarthy Tétrault LLP
  • Canada
  • April 23 2015

The 2015 federal budget announces a number of measures directed to financial institutions. These include a new federal financial consumer code, a


Updated Code of Conduct for the Credit and Debit Card Industry in Canada
  • McCarthy Tétrault LLP
  • Canada
  • April 20 2015

On April 13, 2015, the Department of Finance announced changes to the Code of Conduct for the Credit and Debit Card Industry in Canada (the "Code"


AMF now requires Quebec virtual currency ATMs and trading platforms to be licensed
  • McCarthy Tétrault LLP
  • Canada
  • March 9 2015

In Quebec, a business that operates a virtual currency automated teller machine, such as a Bitcoin ATM, or that provides a platform for trading