DebtConnection.com

RESOURCE MANAGEMENT SERVICES, INC. TO HOLD AGENCY AUDITOR TRAINING COURSE
Resource Management Services, Inc. has scheduled a Spring session of their Agency Auditor Training Course for April 8 - 11, 2008.
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U.S. CENTRAL FEDERAL CREDIT UNION OF LENEXA TAKES $760 MILLION MARKDOWN
U.S. Central Federal Credit Union of Lenexa, which invests funds on behalf of the nation's regional credit unions, said it took a $760 million markdown on the $40 billion in investment securities it holds for sale.
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VOTE NEAR IN SENATE SHOWDOWN OVER ECONOMY
NEW YORK (CNNMoney.com) -- Amid growing fears that a recession is imminent, the Senate is poised for a showdown over politically contentious proposals intended to spur the economy.
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HSBC AND CITI BEGIN RETREAT FROM BRITISH SUB-PRIME MARKET
About 1,500 jobs are on the line after moves by Citigroup and HSBC to put their consumer finance operations up for review and possibly seek buyers for the branch-based businesses.
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GOLDMAN HUNGRY TO BUY DISTRESSED MORTGAGE DEBT
LONDON (MarketWatch) -- Goldman Sachs Chief Financial Officer David Viniar said Wednesday that the firm wants to be a buyer of distressed mortgage debt.
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RECESSION IS HERE - ECONOMISTS
NEW YORK (CNNMoney.com) -- A growing number of top economists believe that the U.S. economy has now toppled into recession.
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GMAC REPORTS $724 MLN NET LOSS AS RESCAP SUFFERS
SAN FRANCISCO (MarketWatch) -- GMAC Financial Services reported a $724 million net loss Tuesday as the company's mortgage business, Residential Capital, LLC, continued to suffer from the real estate slowdown.
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COLLINS FINANCIAL NAMES HOWARD C. KNAUER SENIOR VICE PRESIDENT OF RECOVERY
Collins Financial Services USA, Inc., a leading purchaser, collector and reseller of charged-off consumer debt, announced today that Howard C. Knauer will join the Company as senior vice president of recovery, effective February 5, 2008. Knauer will also assume the title of president of Paragon Way, Inc., a subsidiary of Collins Financial.
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SMALL DOLLAR LOAN PILOT PROGRAM PARTICIPANTS
To participate in the study, the FDIC selected an initial group of 30 participating banks. The banks selected are headquartered in 17 states with over 550 branches located in 27 states. They have total assets ranging from $20 million to nearly $10 billion dollars.
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VENGROFF, WILLIAMS & ASSOCIATES SEES 51 PERCENT INCREASE IN THIRD-PARTY COLLECTIONS ACTIVITY
Vengroff, Williams & Associates (VWA), a leading provider of receivables management and business process outsourcing solutions, today announced a 51 percent increase in overall third-party collections activity. California, New York and Florida saw the highest activity with 18, 21 and 66 percent increases respectively. The percent increases are based on VWA's expanding 3000+ customer base and compared activity from 2006 to 2007. The biggest increases were seen in commercial B2B, healthcare and consumer financial services.
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TRANSUNION'S TRIGGERS FOR COLLECTIONS OFFERS SIMPLE, COST-EFFECTIVE SOLUTION FOR MEDIUM-SIZE DEBT BUYERS AND AGENCIES
CHICAGO, Feb. 5 /PRNewswire/ -- TransUnion today introduced its Triggers for Collections solution to assist medium-size debt buyers and agencies with collecting on their debts arising from credit transactions. Using a predefined set of highly predictive triggers tailored for collections, the Triggers for Collections solution continually monitors consumer data, alerting users to key changes in contact and credit information as soon as the next day.
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FROST & SULLIVAN NAMES WEST CORPORATION 2008 NORTH AMERICAN CONTACT CENTER COMPANY OF THE YEAR
(Omaha, Neb., February 4, 2008) - West Corporation, a leading provider of outsourced communication solutions, today announced that it was named 2008 North American Contact Center Outsourcing Company of the Year by Frost & Sullivan. The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated unparalleled excellence within its industry. The Award is based on numerous factors including the company's business development, competitive strategy, customer satisfaction, and leadership within a particular Frost & Sullivan Industry Research Group (IRG).
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SENATOR WANTS TO END IRS OUTSOURCING DEAL
WASHINGTON - A senior Democratic senator said late last week that Congress this year will try to close down an Internal Revenue Service private debt collection program that he and other critics say has failed to be cost-effective.
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THE JANUARY 2008 SENIOR LOAN OFFICER OPINION SURVEY ON BANK LENDING PRACTICES
The January 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months.1 Special questions in the survey queried banks about changes in terms on commercial real estate loans during 2007, expected changes in asset quality in 2008, and loss-mitigation strategies on residential mortgage loans. In addition, the survey included a new set of recurring questions regarding revolving home equity lines of credit. This article is based on responses from fifty-six domestic banks and twenty-three foreign banking institutions.
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FTC TO HOST TOWN HALL MEETING TO EXPLORE THE MOBILE MARKETPLACE
The Federal Trade Commission will host a two-day Town Hall meeting to explore the evolving mobile commerce (M-commerce) marketplace and its implications for consumer protection policy. The Town Hall, titled "Beyond Voice: Mapping the Mobile Marketplace," follows up on the FTC's November 2006 forum, "Protecting Consumers in the Next Tech-Ade,"which examined the key technological and business developments that will shape consumers' core experiences in the coming decade. The Town Hall, which is free and open to the public, will be held May 6-7, 2008, at the FTC Conference Center, 601 New Jersey Avenue N.W., Washington, DC, 20001.
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PAYSIMPLE PARTNERS WITH COLLECTION SOFTWARE LEADER ONTARIO SYSTEMS
DENVER - PaySimple, an industry-leading provider of payment solutions for businesses, is pleased to announce its partnership with Ontario Systems LLC, a leading provider of collection software solutions for healthcare, financial, and collection offices. The partnership will enable customers of Ontario Systems to have another option to process ACH direct-debit and credit card payments directly from the software's Link interface.
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GE MONEY SEEKS ALLY FOR MORTGAGE BUSINESS
GE Money India is looking for a strategic partner to drive scale just as it did with the State Bank of India for its card business.
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LATITUDE SOFTWARE RECEIVES 2008 COLLECTION TECHNOLOGY EXCELLENCE AWARD
Latitude Software, the leading provider of collection and recovery software, announced today that it has been selected as a winner of a 2008 Collection Technology Excellence Award.
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FED'S KROSZNER: MORE MUST BE DONE TO STEM FORECLOSURES
WASHINGTON (MarketWatch) -- The mortgage industry should increase its efforts to help homeowners avoid foreclosure, said Federal Reserve Board Governor Randall Kroszner on Monday. About 1.5 million homeowners will face higher interest rates in 2008 as the interest rates on their subprime mortgages reset, Kroszner said. Loan modifications accelerated in the fourth quarter "but more must be done as the number of households facing resets increases," Kroszner said.
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JANUARY JOB CUTS UP 69% FROM PRIOR MONTH - CHALLENGER REPORT
Job cuts increased 69% in January from the previous month, as the U.S. economy continues to struggle amid a housing and credit slump, according to a survey released Monday by a consulting firm.
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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

$2,608,684.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?482
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$519,392.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?469
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$478,251.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?476
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$314,578.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?475
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$5,109,589.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?474
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$838,322.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?473
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$429,230.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?472
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$7,237,301.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?471
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$1,594,968.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?470
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$1,166,890.00     Auto Deficiencies, Consumer Loans, Credit Cards, Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?465
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$3,127,674.00     Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?466
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$2,662,992.00     Medical
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?468
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$10,000,653.00     Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?467
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$2,144,000.00     Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?464
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$1,848,594.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?458
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$2,896,787.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?455
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$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

$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

Agency

PEAK5
Rashad Miller
877-500-4646
More Information

CNC FINANCIAL GROUP LLC
800-516-5497

ATLAS RECOVERY GROUP
317-985-2188

HERITAGE RECOVERY SOLUTIONS INC.
913-279-9036

ANGELIC ASSET MANAGEMENT
770-875-1173

Attorney

UNDERWOOD LAW FIRM (SERVICING MO & IL)
Gary R. Underwood
314-621-4940
More Information

Brokers

B&B CREDIT SOLUTIONS LLC
866-701-2971

Consultants

KENNEDY & ASSOCIATES
888-845-4636

Debt Buyers

CONSUMER DEBT INVESTIGATIONS
864-451-7734

Debt Sellers

VISION1CAPITAL
732-747-7513

ASSURANCE CREDIT CORP.
601-582-2002

EMERALD A/R SYSTEMS, LLC
623-242-2060

Industry Events

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 Archive 2007 20062005

At A Glance - Friday, October 10, 2008

At A Glance - Wednesday, October 08, 2008

At A Glance - Friday, October 03, 2008

At A Glance - Wednesday, October 01, 2008

At A Glance - Wednesday, September 24, 2008

At A Glance - Friday, September 12, 2008

At A Glance - Wednesday, September 10, 2008

At A Glance - Friday, September 05, 2008

At A Glance - Wednesday, September 03, 2008

At A Glance - Friday, August 29, 2008