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

THE DEBT MARKETPLACE - AT A GLANCE
http://www.debtconnection.com/news.asp
Wednesday, November 22, 2006

The DEBT CONNECTION website offers a searchable database of service providers and suppliers, for more information go to
http://www.debtconnection.com
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http://www.debtconnection.com/mastersearch.asp
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DBA INTERNATIONAL "OCEAN OF OPPORTUNITIES" FEBRUARY 7th - 9th, 2007
DBA International is holding its 10th Annual DBA International Conference on Wednesday, February 7th through Friday, February 9th, 2007 at The Mirage Casino-Hotel in Las Vegas, NV. Buyers and Sellers of Debt Portfolios, Collection Attorneys, Agencies and Recovery Professionals, Consumer Lenders, Investment Bankers and Consulting Agencies, as well as Industry Vendors are all welcome to participate.

DBA International is pleased to announce confirmation of their guest speaker at the 10th Annual DBA International Conference "Ocean of Opportunities". Among the most accomplished and well known of the world's deep-sea explorers, Dr. Robert Ballard is best known for his historic discovery of the R.M.S. TITANIC lost in its watery grave more than 12,000 feet beneath the cold water of the North Atlantic. During his long career, he has conducted more than 100 deep-sea expeditions using the latest in exploration technology. A pioneer in the early use of deep diving submarines, he was on the first manned expedition of the largest mountain range on Earth, the Mid-Ocean Ridge. Later he lead an expedition off the Galapagos Islands that discovered new life forms on Earth, a discovery that has revolutionized our understanding of the origin of life on our planet and increased the likelihood of discovering life elsewhere in the Solar System.

This year's line up will include informative speakers and presentations to keep you and your company up-to-date about industry topics and emerging concerns. You will also have plenty of time to meet and network with other industry professionals and of course participate in the Annual Golf Classic being held at the The Revere Golf Resort.

Information can be found at the DBA International Website:
http://www.dbainternational.org or by phone (562) 903-7222.

FEDERAL RESERVE BOARD PRESS RELEASE
The Federal Reserve Board on Wednesday announced an extension of the comment period on a consultation paper that is intended to help the Board obtain broader information on intraday liquidity management issues and to lay the groundwork for discussions about the long-term evolution of its Payment System Risk (PSR) Policy. The comment period will be extended for ninety days to March 15, 2007. The extension is granted to give the public additional time to comment on the consultation paper.
http://www.federalreserve.gov/BoardDocs/Press/other/2006/20061122/default.htm

BANK OF AMERICA BEATS $1.6B VERDICT
A state appeals court in San Francisco has overturned a ruling that Bank of America illegally raided customers' Social Security benefits to pay fees, a case that could have cost the bank $1.6 billion.
http://money.cnn.com/2006/11/21/news/companies/boa.reut/index.htm?postversion=2006112109

TRENDS IN CONSUMER BORROWING REVEALED IN EXPERIAN'S NATIONAL SCORE INDEX STUDY
Experian Consumer Direct, a leading provider of online direct-to-consumer credit reports, scores and monitoring, today announced the results of a recent National Score Index study showing a 16.9 percent decline from 2001 to 2006 in the rate at which consumers are opening new credit accounts and a 12.6 percent rate at which late payments of 90 days or more are increasing. The national average credit score is 675 - 7 points lower from 2001 when it was 682. National and statewide results for the study can be found on Experian's National Score Index Web site at www.NationalScoreIndex.com.
http://press.experian.com/documents/showdoc.cfm?doc=2436

YOUNG PEOPLE STRUGGLE TO DEAL WITH KISS OF DEBT
Thirty years ago, the "generation gap" reflected the cultural gulf between World War II-era parents and their children. Parents then just didn't get sex, drugs and rock 'n' roll. Today, the gap is about debt. This generation of twentysomethings is straining under the weight of college loans and other debt, a crushing load that separates it from every previous generation.
http://www.usatoday.com/money/perfi/credit/2006-11-19-young-and-in-debt-cover_x.htm

TREASURY TIGHTENING PROCESS FOR APPROVING DEBT ISSUED BY FANNIE MAE, FREDDIE MAC
The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could diminish the footprint of the two giants in the financial markets.
http://deseretnews.com/dn/view/1,1249,650208550,00.html

TRUSTEE FEE INCREASE DEAD FOR THE YEAR
Late Wednesday, the House approved, 395-37, HR 5585, a bill designed to clarify treatment of financial contracts in business insolvencies and bank failures. The House's action is its second approval of the Financial Netting Improvements Act of 2006; first clearing the measure September 27.
http://www.clla.org/washington_hot_news.cfm?news_id=593

FRAUD CONCERNS LEAD TO REISSUE OF DEBIT CARDS IN MICHIGAN
The number of banks and credit unions concerned about a security breach at Wesco Inc., a Muskegon, Mich.-based convenience store chain, is growing. Fifth Third Bancorp today confirmed that it is reissuing debit cards to a "limited number" of customers in Michigan because of fraud concerns. Letters to the affected customers started going out on Tuesday.
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9005159&intsrc=hm_list

CITIGROUP'S PURCHASE OF CHINESE BANK SETS COURSE FOR POLITICAL CHALLENGES
Citigroup's purchase of a modest-sized bank in southern China gives it an important foothold in a market that foreign bankers covet as a potential money machine. But the American banking giant faces stiff challenges in its drive to get Chinese bankers focused on financial rather than political dictates.
http://www.usatoday.com/money/world/2006-11-17-china-citi-usat_x.htm

PORTFOLIO RECOVERY ASSOCIATES ESTABLISHING NEW CALL CENTER IN JACKSON, TENNESSEE
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, announced today that it is establishing a new call center in Jackson, Tennessee that can accommodate more than 300 new collectors.
http://phx.corporate-ir.net/phoenix.zhtml?c=135456&p=IROL-SingleRelease&t=Regular&id=932029&

THE CONQUEST OF WORLDWIDE INFLATION: CURRENCY COMPETITION AND ITS IMPLICATIONS FOR INTEREST RATES AND THE YIELD CURVE
I am delighted to speak at the Cato Monetary Conference. I have participated in a number of these stimulating conferences since I was in graduate school in the 1980s and have learned a lot from them as my thinking on monetary economics and monetary policy has evolved.
http://www.federalreserve.gov/BoardDocs/Speeches/2006/20061116/default.htm

CREDIT CARD COMPANIES SLAPPED WITH $336 MILLION
SETTLEMENT OVER FOREIGN-CURRENCY FEES
If you've used your credit card overseas at any time during the past eight years, you may have been hit with what credit card companies like to call "foreign-currency fees," which can amount to 3 percent or more of the transaction total.
http://www.newsinferno.com/archives/1309#more-1309

SENATE REPUBLICAN POLICY COMMITTEE PAPER RELEASED, "PRIVATE COLLECTION AGENCIES: ADDRESSING A PIECE OF THE TAX GAP PIE"
The tax gap is the difference between the taxes that should have been paid on time and the amount actually paid in a specific tax year. The net tax gap, which is computed by subtracting late payments from the overall tax gap, is estimated to be $290 billion.
PDF Document
http://rpc.senate.gov/_files/Nov1506PCASN.pdf

GUIDANCE SOFTWARE, INC. SETTLES FTC CHARGES
Guidance Software Inc. has agreed to settle Federal Trade Commission charges that its failure to take reasonable security measures to protect sensitive customer data contradicted security promises made on its Web site and violated federal law.
http://www.ftc.gov/opa/2006/11/guidance.htm

INFLATION IS FED'S GREATEST WORRY - MINUTES
Federal Reserve policymakers identified inflation as their 'greatest' worry at their last meeting and hinted that more rate hikes might be necessary, according to minutes released tonight.

RESOURCE MANAGEMENT SERVICES, INC ANNOUNCES "RECOVERY MANAGEMENT: COLLECTING THE UNCOLLECTIBLE ACCOUNT"
For over twenty years, Resource Management Services, Inc., consultants in recovery management, recognized the importance of collection agency and collection attorney audits, and operational reviews and vendor evaluations. Today they announce the publication of their newest book, "RECOVERY MANAGEMENT: Collecting The Uncollectible Account." The basic concept of recovery management is to maximize collection dollars and net results on what are generally deemed uncollectible accounts. From quantifying the appropriate and most effective internal efforts to understanding how and when to use outside vendors, this book is a vital resource for the recovery professional. Topics include: Vendor Partnership Management, Internal Recovery Unit, Strategies, Auditing, Contract Consideration, Performance Assessment Selection and more.
$129.00 + S&H To order, click here:
http://www.resourcemanagement.com/p_recovery_management.html

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

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:

ASSET ACCEPTANCE LLC
Mark Hutchins
586-446-1833
http://www.debtconnection.com/moreinfo.asp?1425

AGENCIES
To view all listed agencies and contact information on
DEBTCONNECTION.COM check
http://www.debtconnection.com/agencies.asp
New additions and updates this week include:

UNITED COLLECTION BUREAU, INC.
Sanju Sharma
954-236-6027
http://www.debtconnection.com/moreinfo.asp?2201

ATTORNEYS
To view all listed attorneys and contact information on
DEBTCONNECTION.COM check
http://www.debtconnection.com/attorneys.asp
New additions and updates this week include:

BROCK & SCOTT, PLLC
910-202-2940

MAIL SERVICES
To view all listed firms and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting.asp?90
New additions this week include:

PSC INFO GROUP
Stephanie Kaster
866-693-7660
http://www.debtconnection.com/moreinfo.asp?1814

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

10th Annual DBA Conference: "Ocean of Opportunities"
DBA International
Mirage Casino - Hotel
Las Vegas, Nevada
February 7th - February 9th, 2007
http://www.dbainternational.org/events.aspx
(562) 903-7222

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