The New York CLLA meeting is always busy. This year, there was a buzz of excitement relating to a few areas.
First, everyone was taking about how the economy affects them. For a group of collection and bankruptcy professionals, it was interesting to hear the dichotomy. Pure collection folks (especially consumer collection folks) were bemoaning the reduction in collections. Although they have more accounts, people are less able (willing?) to pay. The commercial folks said the same things, but seemed a little more pessimistic. Why? In most places (with wage garnishment), the debtor will eventually get back to work. A failed business is generally “failed” forever. Those with creditor bankruptcy or workout practices were much more upbeat. They are busy (and making money).
Another area of “buzz” was the League’s Stategic Plan. There was focused discussion and energy behind the movement of the Key Strategy Teams toward their first year objectives. Click here to view the Plan.
Finally, there was an excitement around CLLA’s new Executive Vice President, Oliver Yandle. Oliver is proving himself to be an asset in his very early weeks. Now having been through one Fall meeting, I am sure he is even better position to help the CLLA reach its strategic goals and more.