The Gillman Professional Corporation Consumer Financial Services Practice navigates clients through the vast and complex regulatory schemes involved in the development, creation, marketing, sales and servicing of retail financial products and services.
Our clients receive sophisticated advice and judgment on the array of federal and provincial financial institution legislation, including, amongst others, Bank Act, Trust and Loan Companies Act, Insurance Companies Act, Financial Consumer Agency of Canada Act, Canada Deposit Insurance Corporation Act, Canadian Payments Association Act, By-laws and ACSS Rules and Standards, Proceeds of Crime (Money Laundering) and Terrorism Financing Act and their respective regulations as well as applicable provincial consumer protection and other legislation.
We also provide assistance with the design, drafting and delivery of various types of consumer financial products and services, including consumer loan products and agreements such as credit, debit and prepaid cardholder agreements as well as RRSP and TFSA documentation.
In addition, we perform extensive federal and multi-jurisdiction research and analysis for our clients on such issues as federal and provincial cost of borrowing and other consumer disclosure requirements, federal Interest Act requirements, credit reporting requirements, and unsolicited credit card statutes.
Finally, we offer experienced advice to financial institutions and their non-financial counterparties on a wide variety of federal and provincial legal regulatory requirements involving marketing and solicitation of their products, including the design of innovative delivery vehicles, telemarketing, licensing, usury, privacy and regulatory compliance, anti-spam legislation, misleading and other advertising laws, Competition Act requirements, contests and promotions requirements and other critical business issues.