LOUIS J. WADE RECOGNIZED BY NATIONAL PUBLICATION FOR EXCELLENCE IN CREDITORS’ RIGHTS


Collection Advisor Magazine’s September/October 2018 publication named Lou Wade as one of the nations’ “Top Attorneys in Collections” for his work in collections, including defense of attorneys and collection agencies.  Mr. Wade’s quote from the article when asked to identify the biggest challenge for collection attorneys today:  “One word:  compliance.  Lawyers face multiple layers of statues, rules, and regulations.  Lawyers fall subject to enforcement by multiple, overlapping bodies.  Lawyers encounter vague and inconsistent court decisions addressing applicable laws.  In addition, stricter rules apply to lawyers in the area of debt collection than many other areas of practice.  To comply, lawyers must maintain knowledge of decisions from courts, rulings from regulatory bodies and statutory or regulatory changes.  In addition, the collection lawyer must constantly review their standards, practices, methods, and procedures with a critical eye.”

 

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