Finance Law Blogs

Financial legal news and intelligence, published by law firms, lawyers and law students across the world.

What Fraud Victims Should Know About a Fraudster’s Obligation to Account

by icpc May 18, 2016 Finance

Victims of fraud often ask us whether a fraudster can be ordered by a Canadian Court to account for what the fraudster did with their money so that they may attempt to recover it from those who received it. Other times, victims of fraud just want an explanation. Last week an Ontario Court released its […]

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What Fraud Victims Should Know About Recovery Through Securities Regulators – Problems with Relying on OSC Disgorgement Orders

by icpc November 26, 2015 Finance

On October 26, 2015, the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) held an “Investment Recovery Conference” with the Osgoode Hall Law School entitled “Public & Private Securities Enforcement: Improving Recovery for Harmed Investors.” The Conference held panel discussions on such topics as the ”Relationship Between Public Regulatory Enforcement and Private Securities Class […]

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Keeping Litigation Costs Under Control

by marcus evans October 15, 2015 Finance

Interview with: Kirk Willis, Chief Executive Officer, The Willis Law Group “Chief Litigation Officers (CLOs) do not realize that front-end interrogation is the most critical piece of work they can do to achieve better results and keep litigation costs under control,” says Kirk Willis, Chief Executive Officer, The Willis Law Group. CLOs should examine their witnesses […]

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Setting Up a Business – Types of Funding

by Stephen Downie December 11, 2014 Business

Whilst funding is critical to a company’s business it is also vital to ensure the right product is obtained relevant to the company’s business needs. Whilst there are numerous financial products available out there, the most common forms of lending to companies are as follows: Fixed Charge – this is similar to a personal mortgage […]

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Should Law Firms change to a New Fully Managed Print Service?

by Alex Hutchinson March 25, 2014 Business

A large % of the Law Firms we work with are called, on a daily basis, by salespeople trying to tell them why they should change their Printers to a New Fully Managed Print Service (whether they take the call or not is a different matter but they receive the calls non the less!) “We […]

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What is the National Accounts System?

by JRO December 20, 2013 Finance

As nations and their economies evolved during the 20th century, a need to develop a system that accurately measured aggregate economic activity arose. This system is called the national account system, or NAS. In a national account system, accounting techniques are combined to measure the economic activity of a nation. It includes elements of double-entry […]

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Freezing the Assets

by EdwardHandsandLewis December 20, 2013 Divorce

By Martin Hill, Edward Hands and Lewis I know its December but asset freezing is nothing to do with the weather. What we have here is the court’s ability to prevent property  being transferred away by one spouse so that it does not form part of the overall pot on divorce. It is often a […]

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How To Manage Your Finances Post-Divorce

by Lilly December 9, 2013 Divorce

Going through a separation is hard enough as it is, without even considering the financial changes your about to undergo. Unfortunately, you have to consider those changes in order to create a better future for yourself and any children you have with your ex-partner. The longer you put that organization off, the worse it will […]

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Credit Card Mistakes that can Cause You Problems

by edralyn December 8, 2013 Banking and Finance Law

Whether you’re getting one for the first time or already learning how to manage debt, credit cards can be extremely complicated. If the recession has taught Americans anything, it’s that credit companies, banks, and even department stores are not their friends, and most cards are designed to gouge you for annual fees, interest, late fees, […]

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Debt Collectors Cannot Engage in Conduct that Harasses a Consumer When Attempting to Collect a Debt

by Adam J Krohn November 28, 2013 Banking

The purpose of the Fair Debt Collection Practices Act (FDCPA) is to stop debt collection practices that are abusive and to protect the consumer.  Under the FDCPA, 15 USC Section 1692d, debt collectors cannot engage in conduct that is meant to harass, oppress, or abuse a person when attempting to collect a debt.  More specifically, […]

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The Consumer Financial Protection Bureau Wants to Hear from Consumers about their Bad Experiences with Debt Collectors

by Adam J Krohn November 14, 2013 BigLaw

Many people have bad experiences with debt collectors and the Consumer Financial Protection Bureau (CFPB) wants to hear about them.  They are preparing to update the rules that govern how debt collectors communicate with borrowers and they are seeking information from both debt collection companies and consumer advocates to help them prepare the new rules.  […]

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Lenders are not Required to Report to the Three Credit Bureaus

by Adam J Krohn November 13, 2013 Banking

(US law & generally) How information is supplied to the three credit reporting agencies is governed by the Fair Credit Reporting Act (FCRA). However, the law does not say that lenders are required to report any information to them. Major banks generally do report information to all the credit bureaus. Credit unions and small local […]

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Six ways to help Senior Citizens with their driving

by tracyvides November 2, 2013 Finance

Having an enthusiastic elderly driver in the family sometimes makes people wary. And that is because people often assume all kinds of unkindly things regarding senior citizens, their driving in particular being a hot button issue. Statistics don’t help either. The elderly, along with the teenagers, run the highest risk of getting killed if involved […]

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What Corporations Should Know About the FCC’s New Telemarketing Rules: Effective October 16, 2013

by Adam J Krohn October 24, 2013 BigLaw

Last year the Federal Communications Commission (FCC) adopted several very significant changes to the Telephone Consumer Protection Act (TCPA).  The changes to the regulations have become effective on October 16, 2013.  Two of the changes include: A requirement that written consent be obtained prior to a business placing a call; and The “established business relationship” […]

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Advice on Proper Collection and the Use of Mobile Phone Numbers Given by Federal Agencies

by Adam J Krohn October 18, 2013 Blawging

On September 25, 2013 the Federal Trade Commission (FTC) settled its first case that involved text messages under the Fair Debt Collection Practices Act.  This case has shown that (1) the FTC believes that “clear and conspicuous” disclosure rules are applicable regardless of the medium and technological limitations of the device; and (2) the FTC […]

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Defendants Will Pay $1 Million to Settle the First Case Brought by the FTC that Alleges Text Messages Were Used in an Illegal Debt Collection Scheme

by Adam J Krohn October 16, 2013 Banking and Finance Law

In the first Federal Trade Commission (FTC) action against a debt collector who used text messaging in their efforts to collect debts in an unlawful manner, the California based collector will pay $1 million to settle the charges that they violated federal law. It was alleged by the FTC that Archie Donovan and two companies […]

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IRS says legally married same-sex couples can now file taxes jointly

by Bert Seither October 14, 2013 Finance

By Bert Seither, Director of Operations at Corporate Tax Network About the author: Bert Seither is the Director of Operations at Corporate Tax Network, a national accounting and business development firm. For nearly 10 years, Seither has assisted small business owners to help put their companies on a path to prosperity. The Internal Revenue Service […]

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The Better Business Bureau Advises Consumers About Legitimate Debt Collectors vs. Scammers

by Adam J Krohn October 3, 2013 BigLaw

The Better Business Bureau (BBB) has recently issued an alert about the growing number of complaints about scam debt collectors over the past year.  The BBB also advised consumers to learn about how to determine what is a legitimate debt collection effort and what is a scam.  This can be a difficult assessment because some […]

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7 Schemes that Scam the Mortgage Distressed

by terryduschinski September 18, 2013 Banking and Finance Law

On its road to recovery from the tailspin of the Great Recession, the United States housing market has become a playground for schemers and scammers. It is fertile soil for fraud. Mortgage shenanigans proliferate due to whealings and dealings of “industry insiders” — loan officers, mortgage brokers and appraisers — according to the FBI in […]

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Competing Considerations in Legal Funding

by LanceA September 17, 2013 Finance

Pursuing legal action – especially against a big company – is a costly endeavour. Costly enough to put people off filing a lawsuit, even if they stand a very good chance of winning compensation, and costly enough to bring the legal process to a grinding halt before a case has been resolved. A common solution […]

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Seven People Who Should Purchase Life Insurance Immediately

by edralyn August 29, 2013 Family Law

If you are considering whether or not to purchase a life insurance policy, ask yourself this one question: If I die, will someone suffer financially? If the answer to that question is yes, you need to purchase a life insurance policy immediately. A site like Kanetix.ca can help you determine which policy is right for […]

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Tips for Boosting Your Credit Rating

by NatWest_blogger August 27, 2013 Finance

Tips for Boosting Your Credit Rating Back in April 2013, NatWest researcher, Ed Hallinan, stumbled across YouBlawg’s article on avoiding credit card debt. The article contains some invaluable tips – but one should be aware that it’s not just credit card debt that can land you in financial strife. In this guest post, Ed takes […]

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CCJ’s Explained – How to Avoid Years of Inconvenience

by pennyspennies August 9, 2013 Debt Recovery

Imagine you have been trying to obtain credit and failing because you did not respond adequately to a letter you received six years ago. Imagine all those years of frustration as your applications for phone contracts, credit cards and loans have been turned down, watching your dreams of owning a property come to nothing. This […]

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Further Crackdowns on Abusive Debt Collectors: FTC Issues Fines and Steps up FDCPA Enforcement to Protect You

by Adam J Krohn July 31, 2013 Blawg

Consumers who are deep in debt have enough to worry about without being continuously harassed by debt collection companies.  According to federal data, there are around 30 million Americans that have debt that is under collection.  Some of the abusive debt collectors make harassing phone calls, sometimes even late at night.  They may also use […]

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When IRS Tax Problems Seem Insurmountable: Is Relief Possible?

by Ladyblogger July 28, 2013 Finance

The Internal Revenue Service (IRS) can seem like a giant monster with uncontrollable issues for a person who may have experienced any kind of tax issues. The simple truth is that a tax problem does not go away. You cannot owe the IRS money and think that they will forget or forgive. In fact, the […]

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