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How to Bake Compliance into Collections Litigation

The new rulings from CFPB will curtail some of the most widely used—and often abused—practices in collections.  Keeping up with federal, state, local and, venue-specific laws, rules, and procedures is a huge cost and risk to manage, and implementing the

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CFPB Releases FDCPA Final Rule with 10 Key Changes

The Consumer Financial Protection Bureau released its final rule for the Fair Debt Collection Practices Act on October 30, 2020.  The release of the rule promises to bring substantial changes in consumer debt collections practices.  The rule becomes effective one

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Conquer the 5 Failures in Collections Litigation

The Collections Market is currently experiencing the first credit cycle in the CFPB era.  In February 2020, according to the St. Louis Federal Reserve, consumers were expected to default on at least 2.3% of outstanding debt, costing creditors over $325B. 

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From Lawgix Inc to Oliver

On June 15, 2020, Lawgix Inc formally changed our name to Oliver Technology Corporation. Re-branding a company is not something done lightly: the effort to update all customers, vendors, and the broader market in which you operate is a massive

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5 Considerations for Collections Platform

Here’s a great article from Ted London at FICO about what to look for in a collections platform. At Lawgix, we’re well ahead on all these points when considering how you might accelerate your legal strategy. I would highlight two

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Another Scary Trend

This recent article paints another scary trend in consumer credit. $880B in debt and $31K average credit limit? We best be ready.

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Automation: Folks Catching On

At Lawgix, we know the power of automating and orchestrating legal processes to accelerate throughput without sacraficing compliance. A bright attorney at one of our law firm partners read this article, and we thought we’d share it more broadly. Welcome

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Weeds are Growing

The old saying goes, if it’s growing like a weed, it’s probably a weed. Last week’s news from the Washington Post that personal loans are growing like a weed is a stark reminder of how good times and growing paychecks

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The Cashout Refi Come Back

This article from MarketWatch is an interesting discussion about the return of cashout refis in the high end real estate market. With a weakening housing market, we could quickly find ourselves in another 2007-8, though on a smaller scale. However,

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