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The Supreme Court held oral argument earlier today in the Mission Products v. Tempnology case, on the issue of the effect of rejection by a licensor of a trademark license on the licensee’s rights. For the full background on the case and the arguments of the parties and amici, please read this post from last week. However, for quick reference, this is the question presented: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitute
Successfully collecting past-due accounts is a large source of revenue for organizations. For healthcare companies in particular, collecting from patients accounts for 88% more revenue than it did in the past. Improving collections, however, can require a significant amount of effort, persistence, and resources. Companies ultimately have two choices: collect past-due accounts in house or hire an outsourcing service.
Business debt collection agencies tend to get a bad reputation. Too often, individuals who have negative experiences with debt collectors share their upsetting experiences, painting the whole industry with a broad brush in ugly paint. While it's true that there are some upsetting debt collection practices out there, many other collections agencies are different.
I mean, don’t get me wrong, lawyers can code, if they want to; but, they don’t have to. There’s a prevailing argument in legal tech circles over whether lawyers should be coders. This argument is often misconstrued to mean that lawyers should be developing their own software. And, that’s an entirely different thing. It’s sort of like making the assumption that the guy who tinkers with an old Corvette on the weekend should launch an automotive corporation.
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?
By Caren Enloe and Anna Claire Turpin Just four days after the U.S. Supreme Court heard oral arguments in Obduskey v. McCarthy & Holthus LLP regarding whether non-judicial foreclosures qualify as debt collection under the FDCPA, the Sixth Circuit doubled down on its position that non-judicial foreclosures are debt collection. Building on its 2013 decision in Glazer v.
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In order to sustain as a profitable business, you need to focus on so many important aspects. You need to keep your customers and employees happy, you need to properly advertise your business, and you need to keep your products and services up-to-date. Most importantly, though, you need to handle your bills. A successful business needs to collect payments for products and services but that is much easier said than done.
For the first time in over a year, the CFPB has issued a Complaint Snapshot. A practice started by Cordray in 2015, the report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of complaints by product category and by state. While the Complaint Snapshot issued by Kraninger’s office differs slightly in content from the reports issued under Cordray and does not promise to be a regular occurrence, it provides excellent content that will allow financial s
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