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 Welcome

TAKEOFF:

The Eagle has flown — and landed in your Inbox. Welcome to the first issue of The Eagle. It's the new e-newsletter brought to you by American Lawyers Company, the people who publish the venerable ALQ law list. Click on us twice a month and we'll say "thank you" with current news, relevant articles, upcoming events and other information of personal interest to legal collection attorneys and law firms, collection agencies, debt buyers, even vendors serving our fast-paced collection industry. We've been producing ALQ law lists since 1899, and have plenty of great stories to tell and information to share. Stay connected, won't you?

This e-newsletter will be your voice, too — a way to engage thousands of our readers. We plan to reach out to you and other industry experts, ask them to author articles, provide links to those articles and give credit to those who participate.

Thanks for allowing us to bring this information to you, and don't hesitate to let us know how we're doing. Send your articles, comments and suggestions to me at tom@alqlist.com.

Regards,

Thomas W. Hamilton




 Industry News


Mike Ginsberg on the future of collections
insideARM.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Over the past two weeks, we looked back at the history of collections and we reviewed the current playing field for collections. Today we are going to focus on the future of collections. On the regulatory front, state and federal legislators will continue to ratify legislation that defines the process by which ARM firms can perform their services. More

Debt collectors face a new watchdog
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the first time, debt collectors have a federal regulator. Starting on Jan. 2, the Consumer Financial Protection Bureau will supervise companies that collect at least $10 million a year in consumer debts. In the past, debt collectors faced some supervision at the state level and consumers could complain to the Federal Trade Commission. But there was no federal agency actively policing the beat. More

6 tips on hiring a collection agency
AZCentral.org    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Extending credit to your customers can help you show good faith and increase your sales. But if these customers have accounts that are 90 days past due or if they have demonstrated that they will ignore their debt, it may be time to hire a collection agency to help you recover the funds that are owed to you. Choosing the right debt collection agency can have a dramatic impact on your business, so take your time to investigate your options before signing the contract. More

NARCA announces election results for president-elect and board of directors
insideARM.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Association of Retail Collection Attorneys held its election for NARCA president-elect and six seats on the NARCA board of directors on Oct. 19, 2012, at the NARCA 2012 Fall Collection Conference in Baltimore, Md. More

Law firms find niche battling consumer bureau
The Hartford Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the government's consumer watchdog cracks down on banks, debt collectors, student lenders and other financial players, law firms are stepping up to protect them — and profiting nicely as a result. Since it was first launched a little over a year ago, the Consumer Financial Protection Bureau has proposed new rules for mortgage lenders and credit card issuers, and has gained supervision over large banks, credit unions, payday loan companies, private student lenders and credit reporting agencies. More

Debt collectors cashing in on student loans
Consumer Affairs    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At a protest last year at New York University, students called attention to their mounting debt by wearing t-shirts with the amount they owed scribbled across the front — $90,000, $75,000, $20,000. On the sidelines was a business consultant for the debt collection industry with a different take. More

Executive change: Coface Collections North America announces new regional vice president
insideARM.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Coface Collections North America, Inc., a leader in international accounts receivable management, is pleased to announce the appointment of Bryan Leib as regional vice president. Leib has over eight years of experience in the commercial collections industry and has solid relationships with Fortune 500 corporations, government agencies and organizations in the higher education industry. More

Dewey Partner Plan: A new remedy for law firm bankruptcies?
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The approval last week of a $71.5 million settlement with ex-partners of failed law firm Dewey & LeBoeuf stirred considerable chatter among the small — but expanding — community of law firm bankruptcy wonks. More

Law firms create divisions to fight Consumer Financial Protection Bureau
JD Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The government recently created the Consumer Financial Protection Bureau, which has created new rules for credit card issuers and lenders. The organization has also been given supervision over credit unions, large banks, private student lenders, payday loan companies and credit reporting agencies. Law firms are now making plenty of money off protecting people from this new organization. More

Upcoming Events

Nov. 8-10, 2012
Commercial Law League of America 92nd New York/Fall Meeting
Sheraton New York Hotel & Towers — New York

Nov. 11-14, 2012
National Association of Subrogation Professionals Annual Conference
Paris Hotel — Las Vegas

Jan. 17-19, 2013
IACC 42nd Annual Convention
Eden Roc — Miami Beach, Fla.

Complete schedule of events


 

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Thomas W. Hamilton, Executive Vice President, ALQ
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