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Presentations

Cost of Credit Disclosure: Emerging Hurdles, Trends & Developments (Annual Forum on Payment Cards in Canada, Toronto, February, 2011)

On February 17, 2010, Terry Hall will be co-presenting a session entitled, "Cost of Credit Disclosure: Emerging Hurdles, Trends & Developments" at the Canadian Institute's Sixth Annual Forum on Payment Cards in Canada.


SYNOPSIS:

• Overview of the federal cost of credit disclosure regulatory framework for credit cards
   
• Impact of the new rules:
  
  
  • Amendments to the Cost of Borrowing Regulations
  • Credit Business Practices Regulations
  • Challenges and opportunities in implementing the new standards:
    
    
    • Minimum grace periods for new purchases
    • Allocation of payments
    • Consent for credit limit increases
    • Information boxes (applications and credit agreements)
    • Statement warnings
    • Debt collection practices
    • Plain language
       
• Understanding the new federal Payments System Task Force, what you need to do and possible impacts
   
• Impact of the Code of Conduct for Credit & Debit Card Industry in Canada

Terry is a partner in our Financial Services Group. His practice emphasizes regulatory and transactional matters involving financial service providers and other businesses. Terry frequently advises Canadian and non-Canadian financial institutions on the Canadian regulation of financial services, including the operation of credit, debit and payment card programs, cost of credit disclosure, payments system issues and compliance matters.