Sun.Feb 02, 2025

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Treasure Hunt: A Collection Process Helps with Revenue Generation

NCBA Law Practice Management Blog

You know, the quickest way to make more money, might be to simply collect what youre already owed. The average law firm collection percentage is in the low to mid-70s, which is a pretty significant haircut to take. And, if folks have told you that anything owed for more than 30 days is essentially uncollectible , thats not necessarily true. The real reason law firms dont collect accounts receivable is because they dont really try.

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Statement on Designation of Treasury Secretary Scott Bessent as Acting Director of the Consumer Financial Protection Bureau

Consumer Finance

On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).

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This Time It's Personal: Building a New Networking Program

NCBA Law Practice Management Blog

Most lawyers derive the most (and their best) referrals from in-person networking, with other business professionals. Generally speaking, networking is something that business professionals (including lawyers) do naturally; and so, networking is usually not something that attorneys build a strategy around. But, you can; and, it makes your networking far more effective.

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Will the Trump Administration Bring Change to Debt Collection?

FFGN COLLECT NY

In addition to state and local laws, debt collectors must comply with federal laws. Each administration comes with changes, and it’s anticipated that the Trump administration will change federal debt collection laws. Federal laws currently regulating debt collection include oversight of banking regulations, regulation of lenders, statutory limitations on the behavior and actions of debt collectors, protection of consumers, and more.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?