News
Update to the Google Personalised ads policy
In February 2024, Google will update its Personalised ads policy to introduce new limitations on personalised ads relating to consumer financial products and services. Specifically, Google’s ‘Credit in personalised ads’ policy will be expanded to cover ‘Consumer finance in personalised ads’. The updated policy will read as follows: ‘In the United States and Canada, the following sensitive […]
Goldman Alums Set Up Matchmaking Platform for Private Credit
Two former Goldman Sachs Group Inc. bankers want to take the $1.6 trillion private credit revolution from Wall Street to Main Street. George van Dorp and Koen van Vlijmen, who both worked in the American bank’s London office, have built a product that matches small businesses with alternative lenders. Take a look at this excellent […]
A 47-year mortgage? They’re out there — and even longer ones could be coming
Banking regulator says about $250B worth of home loans are either currently or soon to be negatively amortized. Canada’s top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because […]
Seamless Legal/Litigation Fees Finance Management and Interest Calculation for Law Firms
Seamless Legal/Litigation Fees Finance Management and Interest Calculation for Law Firms with Margill Loan Manager Many law firms, particularly, personal injury lawyers (accidents, injuries, claims, liability) will finance their client costs and fees until the settlement occurs, at which time they will deduct these fees, costs and now interest, from the settlement amount. With rising […]
Webinar – What’s new in version 5.4
See the cool new features in version 5.4 released from January 22 to September 15, 2022. For more details on the new additions, please visit the Release Notes page.
Automated invoice numbering
Q: I created an invoice in Margill (via Document Merge) and would like to know if it can number the invoices automatically. A: A few options are available in Margill First method: By using the Global Changes function import your invoice numbers directly into your Records. Let’s start by creating a Custom field to import […]
Margill Pacific Tour
Last November, Margill’s CEO embarked on a three-week adventure in the Pacific. He went to implement Margill Loan Manager and train clients in the Marshall Islands, Guam, and Papua New Guinea. Here are a few pictures from the journey! Also, through the services of Planetair, we decided to offset the climate effect […]
Government of Canada’s consultation on lowering the criminal rate of interest
This past August, the Government of Canada launched its anticipated consultation paper to seek feedback from stakeholders and vulnerable members of the public on the criminal rate of interest and the availability of high-cost installment loans often offered by alternative lenders. While the Government of Canada’s policy goal has not resulted in a new criminal […]
CARR releases anticipated CDOR loan fallback language
On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated recommended fallback language for loan agreements (the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). The Recommended Language was […]
Margill’s CEO accepts 5-minute video challenge
Margill’s CEO, Marc Gelinas, was recently put to the challenge to make a video to show most of the main features of the Margill Loan Manager software. Knowing that the software contains more than 600 000 lines of code, and knowing that nowadays, everything needs to be short and sweet in order to keep the […]