Podcast thumbnail for Banking on Credit Unions

Banking on Credit Unions

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by Jim Sorenson

5.0(1 reviews)
12 episodes
Updated Inactive
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Podcast Overview

Banking on Credit Unions is your one-stop podcast for the intricate yet intriguing world of Collections, Bankruptcy, and Foreclosure law for Credit Unions. Expertly hosted by Jim Sorenson of SVL Law, we illuminate the complex landscape of these legal areas that can profoundly impact credit unions' trajectory. Each week, we discuss cases, analyze rulings, and unveil legal strategies to inform, empower, and uplift your credit union.

Language

🇺🇲

Publishing Since

10/18/2023

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Recent Episodes

Episode thumbnail for Understanding the Proposed Rule Changes to Rule 3002.1 in Bankruptcy

February 28, 2024

Understanding the Proposed Rule Changes to Rule 3002.1 in Bankruptcy

<p>In this episode of <strong><em>Banking on Credit Unions</em></strong> Podcast, we dive into the proposed rule changes to Rule 3002.1 in bankruptcy. Join us as we break down the implications of these changes and what they mean for credit unions and their members. We'll explore how these rule changes could impact the treatment of written assets and how credit unions can navigate these changes to ensure the best outcomes for their members.&nbsp;</p><p>Tune in to gain a deeper understanding of this important topic in the world of credit unions. </p><p>If you want to know more about the SVL Law Team, you may reach out to them at:</p><p>Website: <a href="https://svllaw.com/" rel="noopener noreferrer" target="_blank">https://svllaw.com/</a>&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="https://svllaw.com/podcast/" rel="noopener noreferrer" target="_blank">https://svllaw.com/podcast/</a> </p>

Episode thumbnail for Revise to Rise: The Importance of Regular Reviews in Collection Procedures

January 8, 2024

Revise to Rise: The Importance of Regular Reviews in Collection Procedures

<p>On this episode of <strong><em>Banking on Credit Unions</em></strong>, hosts Attorneys Jim Sorensen and Blair Boyd emphasize why regular audits of collection letters and procedures matter. They share cautionary tales of how small issues ballooned into major lawsuits and extra costs.</p><p>Tune in to hear their recommendations for keeping compliant and efficient with reviews every two years, examining actual staff practices beyond written policies. Don’t wait for the regulators to require changes. Revise first and avoid issues down the road.</p><h3>Other subjects covered on the show:</h3><ul><li>Not just what the letters or policies say, but what's happening inside the collections department.</li><li>Lawyer-conducted audits offer confidentiality protection compared to other consultants.</li><li>Stories from the auditing trenches: strange calls and conversations.</li><li>Repossession letters as magnets for consumer class action suits.</li><li>Real-life examples of how small changes led to huge payouts.</li><li>Failures to give proper call disclosures are also common findings.</li><li>Outdated procedures referencing wrong laws or defunct systems.</li><li>Opportunities to improve efficiency as a byproduct of audits.</li><li>Face-to-face collaboration during the review process builds relationships.</li><li>Self-audits are still better than waiting for regulators to knock.</li><li>An ounce of prevention versus a pound of lawsuit cures.</li></ul><br/><p><br></p><p>If you want to know more about the <strong>SVL Law Team</strong>, you may reach out to them at:</p><p>Website: <a href="https://svllaw.com/" rel="noopener noreferrer" target="_blank">https://svllaw.com/</a>&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="https://svllaw.com/podcast/" rel="noopener noreferrer" target="_blank">https://svllaw.com/podcast/</a> </p>

Episode thumbnail for Plan B in Chapter 13: Post-Confirmation Modifications

January 1, 2024

Plan B in Chapter 13: Post-Confirmation Modifications

<p>Need a backup plan for your Chapter 13 bankruptcy? Tune into this episode of <strong><em>Banking on Credit Unions</em></strong> as Attorneys Jim Sorensen and Blair Boyd discuss options for post-confirmation modifications. When a debtor runs into trouble after their Chapter 13 plan is confirmed, is revising the plan possible? Learn about the legal standard for modifications, potential creditor objections, and key strategic considerations.&nbsp;</p><p>Whether you're a creditor or debtor facing an imperfect Chapter 13 plan, this overview could provide a lifeline. Don't get stuck with no way out - listen now for insights on Chapter 13 mulligans!</p><h3>Other subjects covered on the show:</h3><ul><li>Why confirming a Chapter 13 plan is so important - it makes the plan binding unless later modified.</li><li>The steps and timeline in a typical Chapter 13 bankruptcy case.</li><li>Options for treatment of auto loans in Chapter 13 bankruptcies - cram downs, bifurcation of claims.</li><li>The law allowing modifications of confirmed Chapter 13 plans and in what situations.</li><li>Practical and strategic considerations in deciding whether to object to a post-confirmation modification.</li><li>How modifications could still result in case dismissal and refiling if the debtor stops payments.</li><li>Potential settlement options when faced with a plan modification attempt.</li></ul><br/><p>If you want to know more about the <strong>SVL Law Team</strong>, you may reach out to them at:</p><p>Website: <a href="https://svllaw.com/" rel="noopener noreferrer" target="_blank">https://svllaw.com/</a>&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="https://svllaw.com/podcast/" rel="noopener noreferrer" target="_blank">https://svllaw.com/podcast/</a> </p>

12 total episodes available

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Frequently asked questions

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What is Banking on Credit Unions?

Banking on Credit Unions is your one-stop podcast for the intricate yet intriguing world of Collections, Bankruptcy, and Foreclosure law for Credit Unions. Expertly hosted by Jim Sorenson of SVL Law, we illuminate the complex landscape of these legal areas that can profoundly impact credit unions' trajectory. Each week, we discuss cases, analyze rulings, and unveil legal strategies to inform, empower, and uplift your credit union.

How often does this podcast release new episodes?

This podcast updates inactive.

Where can I listen to this podcast?

This podcast is available on 8 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.

Does this podcast accept guests?

No, this podcast does not typically feature guests.

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