CAPITAL FINANCE AWARDED CONTRACT TO SELL $36 MILLION OF PERFORMING AUTOMOBILE LOANS
Capital Finance is very pleased to announce that, today, it has been awarded a contract to sell $36 million of performing prime and near-prime automobile loans originated by a New Jersey commercial bank.
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ONTARIO SYSTEMS’ ARTIVA PRODUCT SURPASSES 10,000 SEATS
Ontario Systems’ Artiva collection application recently surpassed the 10,000 seat mark in just under four years since the product launch, making it the fastest growing product in the company’s history. Ontario Systems’ legacy product, the FACS system, took 10 years to reach 10,000 seats.
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PERSONAL BANKRUPTCIES JUMP 96% IN METRO ORLANDO
Amid the growing mortgage-debt crisis, personal bankruptcies nearly doubled in Metro Orlando last year, although they remained far lower than the record levels earlier this decade, according to court figures released this week.
read more »
CLARK COUNTY CREDIT UNION CONTINUES TO GIVE MILLIONS BACK TO MEMBERS
[LAS VEGAS, Nev.] January 8, 2007— Once again, Clark County Credit Union (CCCU) members are ringing in the New Year with a little more cash in their pockets. Even with the recent shake up in the capital market and a downturn in real estate prices, CCCU continues to grow and provide its members an added incentive: an annual dividend.
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CREDIT UNIONS JOIN MOBILE BANKING BANDWAGON
PSCU Financial Services said will provide mobile banking services to the credit unions it services, many of them in the Tampa Bay area, and their membership.
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CONSUMER BORROWING RISES AS CREDIT CARD DEBT JUMPS
WASHINGTON (AP) — Consumer borrowing rebounded in November as credit card debt shot up by the largest amount in six months.
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CITIGROUP COMBINING MORTGAGE OPERATIONS INTO ONE UNIT
Citigroup, badly bruised by the sharp downturn in the housing market, is bringing its mortgage-related activities under one roof.
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HOUSING CRISIS MAY GET WORSE
The decline in U.S. house prices may worsen this year and weigh on economic growth, said Federal Reserve Bank of Boston President Eric Rosengren, who last month dissented in favor of bigger interest-rate reductions.
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COUNTRYWIDE: LENDING STABILIZES, FORECLOSURES UP
NEW YORK — Countrywide Financial (CFC), the largest U.S. mortgage lender, said Wednesday that foreclosures and late payments rose in December to the highest on record, though it made more loans than expected in the fourth quarter.
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WEBPLUS, INC. ANNOUNCES PARTNERSHIP WITH CONTROLSCAN
Webplus, Inc., the leader in hosted ebusiness solutions, announced today a partnership with ControlScan to offer PCI compliance solutions to merchants using the award-winning Webplus Shop ecommerce software.
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APEX MERCHANT SOLUTIONS INTRODUCES ECHECKS
Apex Merchant Solutions
(www.apexamsne.com), a leading independent sales office for credit-card
processing banks, today announced the availability of eChecks for its merchant
clientele. eChecks lets visitors at e-commerce sites pay for their purchases
through business or personal checking accounts.
read more »
CHASE FOCUSES ON WHAT MATTERS TO CONSUMERS
Chase's new marketing campaign, which debuts Sunday, will shine a laser-like focus on What Matters to customers, alerting them to the ways Chase can help them manage their money and their lives.
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DISCOVER(R) U.S. SPENDING MONITOR(SM) SHOWS CONSUMER SPENDING INTENTIONS RETURNING TO PRE-HOLIDAY SHOPPING LEVELS
Budgets tighten for consumers; expected decline in post-holiday spending, concerns about personal finances and the economy lead to 2.6 point drop in the Monitor
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ACA WINS CELL PHONE ISSUE!
In a win for the credit and collection industry, the Federal Communications Commission issued on Jan. 4, 2008, an order ruling that autodialed and prerecorded message calls to wireless numbers provided by the called party in connection with an existing debt are permissible.
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PAULSON HINTS AT MORE MORTGAGE AID
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders.
read more »
ASTA FUNDING ANNOUNCES MANAGEMENT APPOINTMENTS
ENGLEWOOD CLIFFS, N.J., Jan. 8 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a company that acquires, manages, collects and services portfolios of distressed consumer receivables for its own account, today announced the appointment of Cameron (Bill) Williams to the newly created position of Chief Operating Officer and the promotion of Mary Curtin to the position of Senior Vice President.
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DEBT RESOLVE SECURES UP TO $4.5 MILLION IN FINANCING
White Plains, New York (January 7, 2008) – Debt Resolve, Inc. (AMEX: DRV) today announced that it has entered into an agreement dated December 12, 2007, with The Resolution Group Inc. (TRG) of Irvine, CA, to provide up to $4.5 million of funding and establish a joint venture with Debt Resolve to develop a product for the sub-prime home mortgage workout/note modification market.
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NATIONAL ASSET RECOVERY SERVICES, INC. (NARS) CAPE GIRARDEAU LOCATION CELEBRATES ONE YEAR ANNIVERSARY
Saint Louis, Missouri, January 4, 2008 - NARS President and Chief Executive Officer, Christopher H. Buehrle is pleased to announce that the NARS Cape Girardeau location celebrates its One Year anniversary today. To commemorate this milestone, the Cape office will enjoy food, fun and prizes.
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REMARKS BY TREASURY SECRETARY HENRY M. PAULSON, JR.
New York City, NY-- Good afternoon. I will provide an update on the U.S. housing and capital markets and, at the beginning of this new year, an outlook for the U.S. economy.
read more »
CITIGROUP SEEN CUTTING WORK FORCE BY 5%-10%
Citigroup's new Chief Executive Vikrum Pandit continues to work on a restructuring program, the details of which will likely be announced next week, according to people familar with the plan.
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BANKRUPTCY OVERHAUL SOUGHT
WASHINGTON -- In 2005, Congress passed a new law aimed at making it harder for people to file for bankruptcy and walk away from their debts.
read more »
EXCESSIVE CREDIT CARD FEES UNDER SCRUTINY ONCE MORE
Congressional hearings about excessive fees charged by credit card issuers have resumed in Washington. The topic attracted attention during the summer when the hearings started but was overshadowed by the mortgage market's plight.
read more »
NO QUICK ANNOUNCEMENT OF FISCAL STIMULUS: PAULSON
WASHINGTON (MarketWatch) -- The White House won't rush to propose a fiscal stimulus plan to boost the U.S. economy, Treasury Secretary Henry Paulson said Monday.
read more »
SALLIE MAE NAMES TERRACCIANO CHAIRMAN
Sallie Mae, the nation's largest student lender, on Monday named veteran banking industry executive Anthony P. Terracciano chairman of its board.
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VERMONT BANKRUPTCIES UP SHARPLY IN 2007
Bankruptcies in Vermont are on the rise again, surging 40 percent in 2007, reflecting in part the mortgage crisis that has swept the country with its resulting foreclosures, according to several bankruptcy lawyers in the state.
read more »
WELLS FARGO OPENS MORTGAGE OFFICE
Wells Fargo Home Mortgage, a division of Wells Fargo Bank, has opened a branch in St. Joseph.
read more »
CALL CENTER TO BRING 500 JOBS
LAS CRUCES — The customer support center industry in Las Cruces is about to expand again, which will translate into about 500 new jobs for southern New Mexico's largest city.
read more »
CALIFORNIA DATA-BREACH LAW NOW COVERS MEDICAL INFORMATION
California residents must now be notified when their electronic medical information or health insurance information has been exposed.
read more »
WACHOVIA CUTS 243 JOBS AT LOAN CENTER IN TEXAS
SAN ANTONIO, Texas - Wachovia Corp. is cutting 243 jobs at a loan-operations center in San Antonio.
read more »
BANKRUPTCIES JUMP 40 PERCENT IN 2007
The number of Americans filing for consumer bankruptcy increased by nearly 40 percent in 2007, according to the American Bankruptcy Institute.
CNNMoney.com – read more »
MORE CONSUMERS LATE ON LOANS SINCE 2001
WASHINGTON (AP) -- Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.
read more »
UTILITY COMPANIES DISCOVERING BENEFITS OF DEBT SALES
Utility companies and their managers nationwide are turning to a profitable strategy used by banks and consumer finance companies to deal with charged-off receivables: Sell the debt.
read more »
CALIFORNIA OPENS OFFICE TO FIGHT ID THEFT
SACRAMENTO - Gov. Arnold Schwarzenegger opened a new office Wednesday to fight high-tech identity theft - a move activists said will help as firms fail to meet California's landmark consumer privacy laws.
read more »
BANK OF ENGLAND WARNS ON MORTGAGE DEFAULTS
The number of households defaulting on their mortgage payments is expected to rise over the next three months, the Bank of England has warned.
read more »
ASTA FUNDING ANNOUNCES CONFERENCE CALL TO DISCUSS FISCAL FOURTH QUARTER AND YEAR END FINANCIAL RESULTS
ENGLEWOOD CLIFFS, N.J., Jan. 3 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a consumer receivable asset management and liquidation company, today reported that it will have a conference call discussing their fiscal fourth quarter and twelve months financial results ended September 30, 2007, on Tuesday, January 8, 2008, at 11:00 am ET.
read more »
| DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent: | | | Portfolios For Sale | $1,502,697.00 Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?453
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728
$1,093,364.00 Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?452
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728
| | Agency | FJR ASSET MANAGEMENT, LLC
866-966-9278
HIGHLANDS CREDIT CORP.
303-973-5117
| | Bankruptcy | LEXISNEXIS
888-332-8244
More Information
| | Debt Buyers | BOWSPRIT FINANCIAL CORP.
847-410-2726
SOUTH LAKE FINANCIAL SERVICES
732-363-1226
| | Debt Sellers | LOAN MERCADO
305-439-5400
COMPLETE RECOVERY SOLUTIONS
619-303-6194
CAPITAL FINANCE
760-776-5749
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Industry Events
|
7th National Symposium on Privacy & Security of Consumer and Employee Information
American Conference Institute
The Union League of Philadelphia
Philadelphia, Pennsylvania
January 23 - 24, 2008
(888) 224-2480
More Information
Consumer Bankruptcy in Practice: A Webinar Series
American Bankruptcy Institute
Nashville, Tennessee
January 28, 2008
(703) 739-0800
More Information
DBA International 11th Annual Conference
DBA International
Mirage Hotel and Casino
Las Vegas, Nevada
February 5 - 7, 2008
(703) 610-0224
More Information
13th Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Denver, Colorado
February 14 - 15, 2008
(703) 739-0800
More Information
16th Annual Bankruptcy Battleground West
American Bankruptcy Institute
Santa Monica, California
February 22, 2008
(703) 739-0800
More Information
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| At A Glance - Friday, January 11, 2008 |
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