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May 1, 2019Michael J. Scott

Consumer Collections

According the Federal Reserve, there are 59.5 Billion debit or credit card swipes a year in the United States. That boils down to 165 million swipes/day; approximately 15% of which occur in Texas (25 million/day; 1.8 million/hour; 30,000/minute; 500/second). That’s a lot of plastic, and much of this article will be geared to the type of consumer debt that is created in the retail debt arena. However, “any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes” is likely a consumer debt.

Knowing and Managing Cyberworld Risks

Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks. Clients and regulators are increasingly demanding that their attorneys develop policies and procedures to protect client information. This article is an introduction to some of the more prevalent security issues faced by lawyers in protecting their client’s information and securing the firm’s assets. In addition to offering suggestions on securing client information, it will address the increasing ethical obligations of lawyers to understand technology and plan accordingly.