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, December 08, 2006

The DEBT CONNECTION website offers a searchable database of service providers and suppliers, for more information go to http://www.debtconnection.com

OWNERS OF DEBT CAN LIST THEIR PORTFOLIOS FOR NO CHARGE WHEN THEY HAVE A DETAILED SELLERS PROFILE

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.

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

HEWLETT-PACKARD PAYING $14.5M TO SETTLE CALIF. AG'S CIVIL CLAIMS
Hewlett-Packard will seed a $13.5 million California state fund that will finance future prosecutions of privacy and intellectual property crimes, under terms of a civil settlement stemming from the company's highly publicized leak investigation.
http://biz.yahoo.com/law/061208/13cda710d64f42e526202dafd33165cc.html?.v=1

BANK MORTGAGE CALCULATORS OVERSTATE MORTGAGE INTEREST DEDUCTION SAYS MIFSP
Testing of mortgage calculators and mortgage calculations provided on and through websites for hundreds of banks, mortgage originators, and other financial institutions and financial service providers leads to a report being released by the Mortgage Institute For Financial Services Professionals, Inc. (www.mifsp.org) showing many of the largest banks and thrifts, among others as direct and indirect sources of seriously flawed mortgage calculators that significantly overstate and grossly misrepresent the consumers' tax savings from the mortgage interest deduction.
http://biz.yahoo.com/iw/061208/0193017.html

U.S. BANK NAME TO REPLACE WESTSTAR BANK NAME IN COLORADO
New U.S. Bank signs will replace old WestStar Bank signs in the Colorado cities of Aspen, Avon, Breckenridge, Cedaredge, Delta, Denver, Dillon, Edwards, Estes Park, Frisco, Fruita, Glenwood Springs, Granby, Grand Junction, Gypsum, Montrose, Norwood, Telluride and Vail on Saturday, Dec. 9. ATM locations in these markets will also have new U.S. Bank signage.
http://biz.yahoo.com/bw/061208/20061208005372.html?.v=1

BANK OF AMERICA EYES U.K. BANK
Bank of America, the Buffalo market's No. 4 bank deposit-taker, might be making a move to become the world's largest bank.
http://biz.yahoo.com/bizj/061208/1387995.html?.v=1

CONSUMER BORROWING SLOWS, BUT CREDIT CARD DEBT RISES
Consumer credit fell $1.2 billion in October, the fastest rate of decline in 14 years, pulled down by a big drop in non-revolving credit, the Federal Reserve reported Thursday.
http://www.usatoday.com/money/economy/2006-12-07-credit_x.htm

SENATE BANKRUPTCY OVERSIGHT HEARING SUMMARY
The sense of the witnesses, and many of the members present, including Subcommittee Chairman Sen. Sessions (R-Ala.), at yesterday's Senate Judiciary Committee Subcommittee on Administrative Oversight and the Courts oversight hearing on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA ) was that preliminary reports suggest the new law is detecting fraud and abuse as well as preserving bankruptcy for those in need of it.
http://www.clla.org/washington_hot_news.cfm?news_id=599

FTC LAUNCHES REDRESS PROGRAM FOR CHOICEPOINT IDENTITY
oday, the Federal Trade Commission mailed claims forms for reimbursement to more than 1,400 identity theft victims who experienced out-of-pocket expenses due to alleged security lapses at data broker ChoicePoint Inc.
http://www.ftc.gov/opa/2006/12/choicepoint.htm

UK INTEREST RATE STAYS AT 5%
The Bank of England kept UK interest rates on hold at 5% today - as further signs of a booming housing market raised the prospect of a hike next year.
http://breakingnews.iol.ie/news/story_business_island.asp?j=203604752&p=zx36x5458

FANNIE MAE ERASES $6.3 BILLION IN PROFIT
Fannie Mae erased $6.3 billion in profit in a long-awaited restatement Wednesday capping the accounting scandal that stunned financial markets and brought the ouster of top executives and a record fine against the government-sponsored mortgage leader.
http://news.yahoo.com/s/ap/20061206/ap_on_bi_ge/fannie_mae

SOUNDBITE COMMUNICATIONS SOLIDIFIES LEADERSHIP POSITION WITHIN AUTOMATED VOICE MESSAGING MARKET
SoundBite Communications Inc., a leading provider of hosted, automated customer contact solutions, today announced a series of milestones that have established the company as a leader in the rapidly growing automated voice messaging (AVM) market.
http://www.debtconnection.com/pressrelease/pressrelease.asp?prid=1075

FTC ISSUES INTERIM REPORT TO CONGRESS ON RESULTS OF STUDIES REQUIRED BY FACT ACT
The Federal Trade Commission has issued a report to Congress under Section 319 of the Fair and Accurate Credit Transactions Act of 2003, which requires the FTC to study the accuracy and completeness of information in consumers' credit reports and to consider methods for improving the accuracy and completeness of such information.
http://www.ftc.gov/opa/2006/12/fyi0679.htm

CAMCO TO PAY $1 MILLION TO SETTLE UNFAIR, DECEPTIVE DEBT COLLECTION PRACTICES
Capital Acquisitions and Management Corp. and affiliated companies will pay
$1 million to settle Federal Trade Commission charges that their debt collection practices violated federal law.
http://www.ftc.gov/opa/2006/12/camco.htm

AMERICREDIT TO ACQUIRE LONG BEACH ACCEPTANCE CORP.
AmeriCredit Corp. (NYSE:ACF) today announced a definitive agreement for its operating subsidiary, AmeriCredit Financial Services, Inc., to acquire all of the outstanding capital stock of Long Beach Acceptance Corp. (LBAC). LBAC is the auto finance subsidiary of ACC Capital Holdings. The acquisition is an all-cash transaction that values LBAC at $282.5 million.
http://www.americredit.com/journalists/ReleaseText.asp?releaseid=938884

WELLS FARGO LAUNCHES MORTGAGE INDUSTRY'S FIRST COMPREHENSIVE PROGRAM TO HELP NONPRIME CUSTOMERS ACHIEVE FINANCIAL GOALS
Wells Fargo & Co. (NYSE: WFC - News) today announced the launch of the industry's first comprehensive program to help mortgage customers manage their credit standing and achieve their financial goals. The program, called Steps To Success(SM), is the first comprehensive outreach program designed to serve the needs of nonprime mortgage loan customers.
http://biz.yahoo.com/prnews/061205/nytu061.html?.v=77

HSBC SAYS 3Q REVENUE GROWTH SLOWS
HSBC Holdings PLC, one of the world's largest banks, said Tuesday that its underlying revenue growth slowed in the third quarter on a weaker performance in investment banking and an increase in bad loans.
http://biz.yahoo.com/ap/061205/britain_hsbc.html?.v=4

BANK OF N.Y. TO BUY MELLON FOR $16.5B
Bank of New York Co. has agreed to take over Mellon Financial Corp. in a $16.5 billion all-stock deal that will create the world's largest securities servicing company and one of the biggest asset managers
http://news.yahoo.com/s/ap/20061204/ap_on_bi_ge/bank_of_new_york_mellon

KEYCORP SELLS CHAMPION MORTGAGE TO HSBC, FORTRESS
KeyCorp, a large Midwest U.S. bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain's HSBC Holdings Plc and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking.
http://news.yahoo.com/s/nm/20061201/bs_nm/keycorp_hsbc_champion_dc

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

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

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:

$2,972,825.00 Credit Cards
FOVIE& ASSOC
http://www.debtconnection.com/portfolio.asp?309
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1801

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:

ACADEMY COLLECTION SERVICE
215-281-7500

SOFTWARE
To view all listed companies and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting_Products.asp?12
New additions this week include:

AUTOSCRIBE CORPORATION
Christopher McClinton
800-345-7243
http://www.debtconnection.com/moreinfo.asp?2226

EASY SOFT BUSINESS SOFTWARE INC.
800-983-9005

PUBLICATIONS
To view all listed companies and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting_Products.asp?21
New additions this week include:

RESOURCE MANAGEMENT SERVICES, INC.
UNDERSTANDING DIALERS
562-906-1101
http://www.debtconnection.com/moreinfo.asp?231

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