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Learn How to Avoid Being a Target at the Bankruptcy and Collections Seminars in Oklahoma City
Wednesday, July 13, 2016 6:30 AM

This year brings an excellent training opportunity to Little Rock for a key aspect of your credit union's business: bankruptcy and collections. The seminar is presented by noted experts in the field.

Oklahoma City, August 24-25
Credit Union House
631 E. Hill Street
Oklahoma City, OK 73105
More information and registration.

Credit unions should not forget they have more to watch than their own regulators. The recent rise of “champions of consumers' rights” has increased the risk of exposure to predatory litigation from over-eager, under-employed debtors’ lawyers looking for a fee and a fearsome reputation.

Credit unions rely on cross-collateralization provisions in their loan contracts, but do you know that there exists a method for a savvy borrower to defeat it with a single letter? Were you aware that a defaulted debtor can use a “request for information” to harvest enough penalty money from a lender to erase a mortgage loan delinquency?

Get the answers to these questions and more at the Bankruptcy and Collections Seminars in Oklahoma City.

Presidents/CEOs/managers, loan officers, credit committee members/volunteers, collection officers, compliance officers, and any other credit union staff responsible for minimizing the credit union's exposure to bankruptcy losses, collections, or lending in general would benefit from these seminars.

Frank DrakeYOUR PRESENTER
Your presenter will be Franklin Drake. Drake has been a partner in the firm of Smith Debnam Narron Drake Saintsing & Myers since 1994, following a 16-year practice specializing in creditor's rights, bankruptcy, and repossession law as a senior vice-president of William Mapother's law firm.

More information and registration.

NEED GRANT ASSISTANCE?
The Cornerstone Credit Union Foundation is accepting grant applications for League training events based on financial need. Applications must be received by application deadlines. Please visit the Foundation’s website to view all grant applications, guidelines and deadlines. Contact Emily Moreno, Foundation grants manager, at 469-385-6483 for more information.

QUESTIONS?
Call 800-442-5762, ext. 6634, or 469-385-6634, or email Janine McBee at jmcbee@cornerstoneleague.coop.