News - Debt Connection - Your Online Resource for the Collection and Recovery Industry!

THE DEBT MARKETPLACE - AT A GLANCE
http://www.debtconnection.com/news.asp
Friday, March 10, 2006

The DEBT CONNECTION website offers a searchable database of service providers and suppliers, for more information go to
http://www.debtconnection.com
Check listings by category on DEBT CONNECTION Master Search by going to:
http://www.debtconnection.com/mastersearch.asp
For more information on detailed profiles please go to:
http://www.debtconnection.com/advertising.asp

WE'RE GOING TO HOLLYWOOD!
JOIN DENNIS AND JUDY HAMMOND AS THEY PRESENT THE DEBT CONNECTION SYMPOSIUM AND EXPO 2006.
How often have you been at a conference and just don't have the time available to meet with all your vendor business partners? Or you just can't locate the people you need to meet with in the hectic setting of a large conference.
http://www.debtconnection.com/pressrelease/rms_01202006.asp

TREASURY LAUNCHES CONSUMER FINANCIAL PROTECTION FORUM
The Treasury Department this week launched the first meeting of the newly created Consumer Financial Protection Forum which was established to focus exclusively on financial consumer concerns and to provide a permanent forum for communication between federal and state regulators on these issues.
http://www.ustreas.gov/press/releases/js4101.htm

BANKS REISSUE DEBIT CARDS
Charlotte-based Bank of America Corp. and Wachovia Corp. are among the financial institutions reissuing debit cards to customers after a security breach outside the banks, possibly at a U.S. retailer.
http://www.contracostatimes.com/mld/charlotte/business/14062911.htm?source=rss&channel=charlotte_business

IF YOU CAN'T TRUST YOUR BANK, WHO CAN YOU TRUST?
You're traveling out of the country, for business or on vacation, and you decide it's time for lunch. You're about to hail a taxi to take you to that fantastic café you passed by this morning, but first you figure you might was well get some cash.
http://www.informationweek.com/blog/main/archives/2006/03/if_you_cant_tru.html

IRS AWARDS THREE TAX COLLECTION CONTRACTS
The Internal Revenue Service awarded contracts to three firms to participate in the first phase of its private debt collection initiative. The firms are The CBE Group Inc., Waterloo, Iowa; Linebarger Goggan Blair & Sampson, LLP, Austin, Texas; and Pioneer Credit Recovery, Inc., Arcade, N.Y. A total of 33 firms took part in the competitive bidding process.
http://accounting.pro2net.com/x52118.xml

APOLLO ENTERPRISE SOLUTIONS NAMED A TOP PROVIDER OF VIRTUAL COLLECTION TECHNOLOGY BY COLLECTION ADVISOR MAGAZINE
Apollo Enterprise Solutions, the leading provider of intelligent web-based payment and collection systems, has been recognized as one of the top three providers of virtual collection technology solutions by Collection Advisor Magazine.
http://www.apolloenterprise.com/press/presscolladv.htm

LEGAL NETWORK TRAKAMERICA ANNOUNCES FASTRAK 2.0
TRAKAmerica, the rapidly growing legal network management company, announced today the release of FASTRAK 2.0, the company's proprietary model for establishing the most effective legal strategy for every account in a portfolio.
http://www.debtconnection.com/pressrelease/trakAmerica_03092006.asp

6TH CIRCUIT RULES DEBT-COLLECTION LAWYERS' AFFIDAVITS NOT PROTECTED BY IMMUNITY
Debt-collection lawyers who file affidavits to obtain garnishments in state courts are fair game for consumers' Fair Debt Collection Practices Act (FDCPA) lawsuits in federal court, the 6th U.S. Circuit Court of Appeals has held.
http://biz.yahoo.com/law/060309/751a85ed0e7fb4ecc6a23731b0d05a10.html?.v=1

DEBIT CARD THIEVES GET AROUND PIN OBSTACLE
With consumers around the country reporting mysterious fraudulent account withdrawals, and multiple banks announcing problems with stolen account information, it appears thieves have unleashed a powerful new way to steal money from cash machines.
http://msnbc.msn.com/id/11731365/

PAPERS WITH BANK CUSTOMER'S INFO FOUND IN DUMPSTER
A construction manager found more than just debris in a dumpster. He discovered unshredded bank documents revealing bank customers' personal information.
http://abclocal.go.com/ktrk/story?section=local&id=3975930

OUTSOURCE GROUP MERGES, DOUBLES SIZE
The Outsource Group announced recently that it merged with Midwest Collection Services Inc., a move that doubled its size. Financial terms of the deal were not disclosed.
http://www.bizjournals.com/stlouis/stories/2006/03/06/daily29.html?from_rss=1

CITIGROUP, FINDING FRAUD, BLOCKS 3 COUNTRIES
NEW YORK Citigroup has said that it is blocking transactions on bank cards used in three countries, the latest sign of a card system breach that has prompted a number of banks to reissue thousands of debit cards.
http://www.iht.com/articles/2006/03/08/business/data.php

DON'T BLINDLY TRUST CALLER ID
Last fall, U.S. Rep. Tim Murphy's office started getting phone calls from constituents who complained about receiving recorded phone messages that bad-mouthed Murphy.
http://www.mercurynews.com/mld/charlotte/news/14035537.htm?source=rss&channel=charlotte_news

MOSKOW SAYS RISE IN INFLATION EXPECTATIONS WOULD MEAN HIGHER INTEREST RATE
A rise in expected inflation by investors and the public would require further increases in the Federal Reserve's main interest rate, said Michael Moskow, president of the Chicago Fed.
http://www.bloomberg.com/apps/news?pid=email_us&refer=fed_watch&sid=aD_T.9g28EbY

WELLS FARGO CEO GETS $7 MILLION BONUS
Wells Fargo & Co. (WFC.N: Quote, Profile, Research) on Monday said it awarded Chief Executive Dick Kovacevich a $7 million bonus for 2005, when the fifth-largest U.S. bank's profit rose 9 percent.
http://today.reuters.com/investing/financeArticle.aspx?type=governmentFilingsNews&storyID=2006-03-06T181726Z_01_N06345038_RTRIDST_0_FINANCIAL-WELLSFARGO-KOVACEVICH.XML

PUBLISHER BANKS ON GREENSPAN
The deal reportedly will pay Greenspan an advance of more than $8.5 million, which would be the second-largest amount ever for a nonfiction writer.
http://www.latimes.com/business/la-fi-greenspan8mar08,1,4735951.story?coll=la-headlines-business

MONTGOMERY'S KOHL'S STRIKES CARD DEAL WITH JPMORGAN
JPMorgan Chase, still playing catch up to rival credit card lenders in the world of private label accounts, has another deal, this time with Kohl's.
http://www.forbes.com/2006/03/06/kohls-jpmorgan-credit-cx_em_0306autofacescan10.html

HSBC TOPS FORECAST WITH 17% PROFIT RISE
HSBC Holdings, the world's third-largest bank, said Monday that 2005 profit jumped 16.7%, exceeding analyst expectations, on the back of strong growth from its personal, commercial and private-banking divisions.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B99ADDC8B%2DF991%2D4CDC%2D9AA5%2DDB0D2F575070%7D&siteid=google&dist=

UNDERSTANDING DIALERS: THE ESSENTIALS OF EFFECTIVE COLLECTIONS
Resource Management Services, Inc. still showing great success with this addition to their line of key industry publications, Understanding Dialers: The Essentials of Effective Collections. Looking to be a key component of any effective campaign, this book is a "must-read" for top Recovery Managers everywhere.
$69.00 + S&H To order, click here:
http://www.resourcemanagement.com/dialer

DEBTCONNECTION.COM CONTINUES TO GROW & EXPAND
The industry Website, http://www.debtconnection.com continues to grow tremendously and expands with new listings daily. Find portfolios, buyers, sellers and industry service providers such as consultants, agencies, products and more.

NEWEST ADDITIONS AND UPDATES TO DEBTCONNECTION.COM

PORTFOLIOS FOR SALE
To view all listed portfolios and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/portfolioforsale.asp
New additions and updates this week include:

$26,842,123.03 Retail
COLLINS FINANCIAL SERVICES, INC.
http://www.debtconnection.com/portfolio.asp?243
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?306

$31,461,635.63 Credit Cards
COLLINS FINANCIAL SERVICES, INC.
http://www.debtconnection.com/portfolio.asp?242
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?306

DEBT SELLERS
To view all listed debt sellers and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/debtsellers.asp
New additions and updates this week include:

ERIN CAPITAL MANAGEMENT, LLC.
212-660-3146

DEBT BUYERS
To view all listed debt buyers and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/debtbuyers.asp
New additions and updates this week include:

ABSOLUTE RESOLUTIONS CORP
Mike Bendickson
800-713-0670
http://www.debtconnection.com/moreinfo.asp?1590

INDUSTRY EVENTS
For all upcoming industry events, check
http://www.debtconnection.com/industryevents.asp

World of Special Finance Magazine's 2nd Annual Conference & Expo 2006
World of Special Finance Magazine
Crowne Plaza
San Antonio, TX
March 28th - March 30th, 2006
http://www.wosfmagazine.com/
(810) 714-9513

DETAILED PROFILES ON WWW.DEBTCONNECTION.COM ARE AVAILABLE
If you're serious about your listing, get a one-page detailed profile, so
Buyers, sellers and others know more about who you are. Detailed profiles
are indexed by major search engines. It's a great way to add exposure to
your company and/or website.

SPONSORSHIP MESSAGE
This At A Glance report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including...
Marketing your portfolio.
Due Diligence for Buyers and Sellers.
Evaluating the viability of a sale.
Addressing pricing, contract and negotiation considerations.
Attaining the most efficient transition possible, while minimizing post-sale issues.

Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
Check them out at:
http://www.debtmarketplace.com/

Copyright 2001 - 2006 THE DEBT MARKETPLACE, INC. 562-903-7220
THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235
At A Glance reports can be expected weekly or biweekly, depending on quantity of news and information to report. You may send this report, in its entirety, to others who may have interest.

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At A Glance Archive

At A Glance - Friday, December 29, 2006

At A Glance - Thursday, December 21, 2006

At A Glance - Friday, December 15, 2006

At A Glance - Friday, December 08, 2006

At A Glance - Friday, December 01, 2006

At A Glance - Wednesday, November 22, 2006

At A Glance - Friday, November 17, 2006

At A Glance - Friday, November 10, 2006

At A Glance - Friday, November 03, 2006

At A Glance - Friday, October 27, 2006

At A Glance - Monday, October 23, 2006