Publication
CFPB takes steps to regulate “Buy Now, Pay Later” providers
On May 22, 2024, the CFPB issued an interpretive rule that imposes some of the same rules on BNPL providers that apply to conventional credit card providers.
Author:
Global | Publication | October 2018
The CSA has issued Staff Notice 51-357 Staff Review of Reporting Issuers in the Cannabis Industry, which identifies deficiencies in the disclosure practices of issuers involved in the rapidly growing cannabis industry. Among others, the CSA identified the following deficiencies in disclosure:
Insufficient disclosure in financial information filed by licensed cannabis producers
Inconsistent compliance with forward-looking information (FLI) disclosure requirements
Insufficient disclosure regarding risks related to U.S. operations
Issuers who fail to satisfy disclosure requirements may be subject to enforcement action from the securities regulators. Some issuers that had disclosure deficiencies have been required to commit to prospective improvements in their disclosure or to refile disclosure to correct their deficiencies.
The author wishes to thank articling student Daniel Weiss for his help in preparing this legal update.
Publication
On May 22, 2024, the CFPB issued an interpretive rule that imposes some of the same rules on BNPL providers that apply to conventional credit card providers.
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