Insights

Weltmans collateral recovery team recently attended the Cherokee Media Groups Used Car Week to present The 3 Rs: Recovery, Replevins, & Reputation. This discussion was presented by shareholder Amy Clum Holbrook and attorney Stefanie Collier and moderated by national director of collections Dave Tommer.

Many have been preparing for the effective date of Regulation F, which is November 30th. This new Rule will undoubtedly change the world of debt collection. With careful preparation and resources from the Consumer Financial Protection Bureau (CFPB), navigating this new landscape is manageable.

Mental health. It's a phrase that is often casually used, with various meanings attached to it, and sometimes stigmatized. Some look at it with a broad spectrum, while others think of it as taboo. Some take mental health to be the textbook cases or finite terminology, and others view it as overall well-being.

It is likely fair to say that when most people hear the word meeting or see an appointment invite slip into their inbox, a few dreadful feelings fill their mind. Meetings tend to carry a negative connotation. Most individuals prefer control of their time throughout the day, and meetings interrupt this freedom.

Shareholder Sara Costanzo recently attended the American Financial Services Association (AFSA)'s 2021 Annual Meeting. Sara participated as a panelist to discuss debt collection and the CFPB's Regulation F.

One of the most difficult situations to deal with for a child is the divorce of their parents. It's an event that will redefine the lives of all people involved and can naturally cause a lot of stress and uncertainty. This uncertainty and additional stress can transfer over to the school the children are enrolled in.

We recently attended the Ohio Association of Public Treasurers (OAPT)'s fall conference on October 6, 2021. Shareholder and presenter Sara Costanzo presented Embezzlement & Fraud in Government. Now, we want to share our top four takeaways from this presentation.

As schools continue to face the ever changing landscape of educating their students and developing relationships with the families that attend their institutions, they also can encounter situations in which tuition goes unpaid.

Even the most fiscally responsible schools encounter problems with collecting unpaid tuition and fees. With the school year starting up again, collecting of tuition or a defaulted payment plan is likely the last thing school personnel want worry about. However, now is the time to put a plan in place.

Probate recovery is a technical and time-sensitive procedure. As a creditor, it's important to create a solid strategy for your collection process to stay prepared, maximize your recovery, and protect your brand image.