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
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.
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
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
We’ve just launched our revised Lawgix Inc. website, and we welcome you to take a stroll through the pages. Historically, Lawgix Inc. and our sister law firm, Lawgix Lawyers, LLC, have shared a common space. However, given the growth of