Return to Event Schedule

Using Social Media to Identify and Evaluate Credit Risk


Presented by: Scott Blakeley, Esq

Free Webinar

March 23, 2017
11:00 AM to 12:00 PM PST


WEBINAR

***


Price: Free Webinar


 

Description

Many credit teams in the B2B space are considering social media (SM) to improve evaluating credit risk factors, especially with the small and mid-sized companies. Carl Stronach, Sr. Product Manager of Experian, Craig Combs, President of KYR Financial Services, Virginia Soderman, President of V. Soderman Consulting, and Scott Blakeley, esq., will discuss:

* The interplay of SM and the trade relationship:  a customer's use of SM to increase market presence, and a supplier's credit team's use to evaluate and monitor credit risk with such sites as LinkedIn, Facebook, Twitter, Google and Yelp (along with many others)

* SM as part of a credit and collection policy, including best practices and management buy in

* The IT Perspective;

* Validation and actionable items 

* SM at the new account stage

* Sites to consider;

* Expanding credit scoring criteria;

* Must supplier disclose to customer that SM used as a factor to approve B2B credit request? Must customer consent to SM sites? May supplier decline credit based on SM grounds?

* SM and monitoring accounts

* Sites that may be early indicators of credit risk;

* May the supplier terminate the credit relationship based on SM information?

* Should the supplier update its T&C's to address SM use?

* May industry group members share customer SM information with group members?

* SM and the delinquent account

* Sites that assist with collecting the delinquent account;

* Legal restrictions on using SM to collect delinquent account? A distinction if collecting against a personal guarantor? 

* SM and legal overlay, from state privacy laws, to the FACT Act, FCRA, ECOA, FTC Red Flags, and the Sherman Act

* SM as part of a credit and collection policy, including best practices and management buy in

 



Presenter Bio:

Scott Blakeley is a founder of Blakeley LLP, where he advises companies around the United States and Canada regarding creditors’ rights, commercial law, e-commerce and bankruptcy law. He was selected as one of the 50 most influential people in commercial credit by Credit Today. He is contributing editor for NACM’s Credit Manual of Commercial Law, contributing editor for American Bankruptcy Institute’s Manual of Reclamation Laws, and author of A History of Bankruptcy Preference Law, published by ABI. Credit Research Foundation has published his manuals entitled The Credit Professional’s Guide to Bankruptcy, Serving On A Creditors’ Committee and Commencing An Involuntary Bankruptcy Petition. Scott has published dozens of articles and manuals in the area of creditors’ rights, commercial law, e-commerce and bankruptcy in such publications as Business Credit, Managing Credit, Receivables & Collections, Norton’s Bankruptcy Review and the Practicing Law Institute, and speaks frequently to credit industry groups regarding these topics throughout the country. He is a member on the board of editors for the California Bankruptcy Journal, and is co-chair of the sub-committee of unsecured creditors’ Committee of the ABI. Scott holds an B.S. from Pepperdine University, an M.B.A. from Loyola University and a law degree from Southwestern University. He served as law clerk to Bankruptcy Judge John J. Wilson. He is admitted to the bars of California and Washington D.C.



For More Information Contact:
Lisa Wong (702) 2592622-0 lwong@emailcma.org
This page will be refreshed after seconds