The raffle drawing to win the trip to
Mexico has come to an end. You did not have to be present to win. The ticket
was drawn at the Western Region Conference with over 80 tickets sold. Thank you
to everyone who purchased a ticket.
People make a total of about 35,000 decisions—in a single day. The process of decision-making has become a more natural, passive activity over time, with decisions like what socks to wear and how long to microwave leftovers barely fazing people as decisions. Decisions with grander consequences weigh more on individuals, from what car best fits a specific set of needs to how much credit a customer should be extended.
With so many decisions in one day, each choice begins to lay heavy on a person. Without realizing it, the overwhelming nature of these decisions contribute to a phenomenon known as “decision fatigue.” The breakout session “Understanding Decision Fatigue (and What to Do About It)” at the 2019 Western Credit Conference in Portland, Oregon, tackled this issue, breaking down what decision fatigue is, how it affects creditors in the workplace and how best to overcome it.… Read the rest
From Cindy Robert at Rainmakers Government Strategies
Yesterday the Office of Economic Analysis presented its second economic and revenue forecasts of the 2019-2021 biennium.
The general outlook is that
there has not been any significant changes since the previous forecast for the
State of Oregon but at the US level there is still a fear of recession.
A recent poll of economists
across the nation indicated that the fear of recession has declined from 35% to
30% in the last few months but most agree that the US will enter a recession
next year. The upside is that consumers appear to be still willing to
spend – which is currently propping up the US economy.
In Oregon there has been a sharp
slowdown in employment growth. … Read the rest
Written By: Jason B. Binford, Partner, Foley & Lardner LLP
Over the course of the credit manager’s career, they will likely have opportunities to serve as a member of an official committee of unsecured creditors in a bankruptcy case. Any creditor representative presented with such an opportunity should carefully weigh the pros and cons. Committees are important parties in interest in Chapter 11 bankruptcies, and members of a committee are given a front-row opportunity to steer the course of the case. In addition, costs directly related to the committee – including paying counsel retained by the committee – are borne by the bankruptcy estate. However, committee participation may give rise to complicated conflicts of interest, requires an understanding of fiduciary duties, and can involve a fairly significant time commitment.… Read the rest
How quickly it turns to Fall and with the change in weather comes a full calendar of events for credit professionals. I trust you’ve seen the invitations to the Western Credit Conference coming to Portland, October 23-25. These opportunities to invest in yourself and your career shouldn’t be passed up. The planned programs are applicable to every credit position. Professional development is vital to your success! For those members needing CEU points to keep your certifications current, this is your opportunity. We hope you’ll consider joining others at the conference. Registrations are plentiful and it’s going to be a full house.
NACM CS has a full Accreditation program on the calendar for 2020. Now is the time to plan ahead and get your approvals to attend a class working toward your credit designation.… Read the rest