Tuesday, January 18, 2011

The Bail Bonds Industry Should Learn From The Banking Industry

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Many in the bail bonds industry are happy to start a new year after a difficult 2010. The average bail bondsman faced pressure from things such as a harsh economic climate, increased regulatory scrutiny and unpopular pretrial release programs.

The issues are only compounded when the public and regulators read stories that portray bail bonds in a negative light. In 2010, there were quite a few. Last year headlines included everything from bondsmen changing bail bonds records at the courthouse to multiple instances of bail agents being arrested for improper solicitation. In one of the more shocking stories, a federal judge was removed from the bench by the U.S. Senate because he allegedly increased bail amounts to help a bail bondsman. In return the judge accepted trips, gifts and meals from the bondsman. This past year has given the industry some tough PR challenges to say the least.


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