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New Brunswick's New Cost of Credit Disclosure Act
Canada's consumer finance laws have always been disjointed, with different provinces having different rules as to what information must be disclosed to a consumer, as well as how to calculate the applicable interest rate for certain agreements. This inconsistency among the provinces has raised the cost of lending to consumers and acts as a barrier of entry to foreign and small finance companies. In 1998, the federal, provincial, and territorial governments agreed upon certain principles geared toward harmonizing cost-of-credit disclosure under a harmonization template.
On Sept. 15, 2010, the Province of New Brunswick brought into force a new Cost of Credit Disclosure Act, c.28.3 (the “Act”) and New Brunswick Regulation 2010-104 under the Cost of Credit Disclosure Act (the “Regulation”). The Act substantially addresses New Brunswick's commitment to harmonize its cost-of-credit disclosure requirements with the laws of other Canadian jurisdictions in accordance with the harmonization template. The provisions of the Act and the Regulation change significantly the disclosure requirements applicable in New Brunswick. The Act was originally passed in 2002, but was not brought into force until new regulations were passed.
Registration Requirement for Lenders, Lessors and Credit Brokers
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.