ALLIANCE DATA FILES NOTICE OF VOLUNTARY DISMISSAL OF LAWSUIT
DALLAS, Texas, Feb. 8 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation (NYSE: ADS) today announced that it has presently dismissed without prejudice its lawsuit against Aladdin Solutions, Inc. (f/k/a Aladdin Holdco, Inc.) and Aladdin Merger Sub, Inc. (together, "Blackstone") in connection with the May 17, 2007 agreement providing for the acquisition of Alliance Data by affiliates of The Blackstone Group.
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CREDIT CARDHOLDER 'BILL OF RIGHTS' PROPOSED IN HOUSE
WASHINGTON (MarketWatch) -- Rep. Carolyn Maloney, D-NY, on Thursday introduced legislation to level "the playing field between card companies and cardholders while fostering fair competition and free market values."
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BARCLAYS TURNS U.S. CALL CENTER OVER TO INDIAN OUTSOURCER
San Francisco - Barclays' credit card business in the U.S. has struck a five-year deal with Indian outsourcer Firstsource Solutions to run a call center in Colorado Springs, Colorado.
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CONSUMER CONFIDENCE SINKS EVEN LOWER
People's confidence in the economy sank even lower amid heightened fears about shrinking job opportunities and the possibility the country is falling into recession.
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DISCOVER U.S. SPENDING MONITOR DROPS 4 POINTS
RIVERWOODS, Ill.--(BUSINESS WIRE)--Feb. 7, 2008--The Discover U.S. Spending Monitor recorded its third consecutive monthly decline in January, falling more than four points to 86.1 as economic concern continued to grow and post holiday spending intentions moderated. Both the economic and spending components of the index reached new lows in January as just over 70 percent of consumers now think the economy is in decline and 48 percent feel the same way about their personal finances. With optimism decreasing, consumers who participated in the January Monitor survey struck a decidedly cautious note when it came to spending intentions.
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FIRST HORIZON CANCELS SALE OF ATLANTA BRANCHES
Southern banking stalwart First Horizon
that it is scrapping a planned sale of nine Atlanta bank branches to Fifth Third Bank.
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FICO: DON'T BLAME US FOR MORTGAGE MESS
The CEO of Fair Isaac, the company behind the FICO credit score, stands by his company's credit scores but sees more pain ahead for consumers.
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GROWTH IN CONSUMER CREDIT AT SLOWEST PACE IN 8 MONTHS
WASHINGTON -- Consumers increased their borrowing in December at the slowest pace in eight months, additional evidence that economic activity was slowing significantly at the end of last year. For all of 2007, consumer credit rose at the fastest clip in three years.
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STATEMENT BY SECRETARY PAULSON ON SENATE PASSAGE OF THE ECONOMIC GROWTH PACKAGE
"I congratulate the Senate leaders for their quick action to pass a bipartisan economic growth package that is temporary, broad-based, and will get money into our economy quickly. This package of payments to individuals and incentives for businesses to invest will support our economy as we weather the housing downturn.
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WELLS FARGO TO PRESENT AT THE 2008 CREDIT SUISSE FINANCIAL SERVICES FORUM
SAN FRANCISCO, Feb. 4 /PRNewswire-FirstCall/ -- Wells Fargo & Company said today that CFO Howard Atkins is scheduled to deliver a presentation at the 2008 Credit Suisse Financial Services Forum in Naples, Florida, on Friday, February 8, at 9:45 a.m. Eastern Time.
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SENATE PASSES $170 BILLION STIMULUS PACKAGE
WASHINGTON (CNN) -- The Senate Thursday passed by an overwhelming margin an approximately $170 billion economic stimulus package.
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STATEMENT OF FTC CHAIRMAN DEBORAH PLATT MAJORAS ON CONGRESSIONAL PASSAGE OF LEGISLATION REGARDING THE NATIONAL DO NOT CALL REGISTRY
"Congress has taken important steps reaffirming the continued success of the extremely popular Do Not Call program by passing legislation that permanently reauthorizes the Do Not Call Registry and eliminates the need for consumers to re-register their telephone numbers. The Commission is committed to protecting consumers from unwanted telemarketer calls, and the legislation announced today will enable us to continue to do it efficiently."
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COMPLIANCE MANAGEMENT PARTNERS ANNOUNCES NEW DATA SECURITY PROGRAM FOR CREDIT, COLLECTION AND DEBT BUYING INDUSTRY.
The data security regulatory landscape is a complex mix of federal, state and industry requirements focused on protecting personal identity information (PII) from unauthorized access. A failure to take the steps required by these regulations may result in sanctions, fines, and litigation costs exceeding $1 million.
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TOUCHSTAR RECOGNIZED ONCE MORE FOR TECHNOLOGY EXCELLENCE
Denver, Colorado (PRWEB) February 07, 2008 - TouchStar, a rapidly growing call center technology provider, has been awarded with the 2008 Collection Technology Excellence award. The award, presented by Collection Technology magazine, was based on individuals and companies within the call center industry who have gone above and beyond to further collection technology and its associated community.
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ASSISTANT SECRETARY DAVID G. NASON
Washington - Chairman Dodd, Ranking Member Shelby, and Members of the Committee, thank you for inviting me to appear before you today. I very much appreciate the opportunity to present the Treasury Department's perspective on regulatory reform for our nation's housing government sponsored enterprises (GSEs): Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBanks).
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DISCOVER FINANCIAL SERVICES TO SELL GOLDFISH TO BARCLAYS BANK, EXITING U.K. CARD BUSINESS
RIVERWOODS, Ill. & LONDON - Discover Financial Services (NYSE:DFS) and Barclays Bank PLC announced today that the companies have signed a definitive agreement for Barclays to acquire Discover's Goldfish credit card business based in the United Kingdom.
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CHARGE: FREDDIE AND FANNIE TAKING ON TOO MUCH DEBT
NEW YORK (CNNMoney.com) -- The increased share of housing debt taken on by Freddie Mac and Fannie Mae during the housing slump has put the two government sponsored enterprises at risk, it was charged Thursday.
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CONVERGYS IMPLEMENTS RELATIONSHIP MANAGEMENT SOLUTION FOR AT&T MOBILITY
(Cincinnati; February 7, 2008) - - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that AT&T Mobility has gone live with Convergys’ Dynamic Decisioning Solution.
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TROUBLED HOMEOWNERS: CAN'T PAY? JUST WALK AWAY
Homeowners are abandoning their homes and, more importantly, their mortgages, rather than trying to keep up with rising payments on deteriorating assets. So many people are handing their keys back to lenders that a new term has been coined for it: jingle mail.
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WATERMARK CREDIT UNION LAUNCHES PAYDAY FREEDOM TO BREAK THE PAYDAY LOAN CYCLE
Seattle-based Watermark Credit Union is excited to announce the launch of its Payday Freedom product, designed to help its members break the payday loan cycle.
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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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| 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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$1,848,594.00 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
| | Agency | PEAK5
Rashad Miller
877-500-4646
More Information
ATTORNEY COLLECTION SERVICES, INC.
800-989-9855
WILSON COLLECTIONS
231-598-0556
| | Attorney | UNDERWOOD LAW FIRM (SERVICING MO & IL)
Gary R. Underwood
314-621-4940
More Information
| | Brokers | B&B CREDIT SOLUTIONS LLC
866-701-2971
| | Contact Solutions/Dialers | TOUCHSTAR
Chris Rieple
303-338-0678
More Information
| | Debt Buyers | JUDGMENT ENFORCERS
404-934-5146
| | Debt Sellers | MJOLLNIR GROUP INC
Ryan Barker
866-629-0653
More Information
|
|
Industry Events
|
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, May 09, 2008 |
| At A Glance - Wednesday, May 07, 2008 |
| At A Glance - Friday, May 02, 2008 |
| At A Glance - Wednesday, April 30, 2008 |
| At A Glance - Friday, April 25, 2008 |
| At A Glance - Wednesday, April 23, 2008 |
| At A Glance - Friday, April 18, 2008 |
| At A Glance - Wednesday, April 16, 2008 |
| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
| At A Glance - Friday, April 04, 2008 |
| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
| At A Glance - Friday, March 21, 2008 |
| At A Glance - Wednesday, March 19, 2008 |
| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| At A Glance - Friday, February 22, 2008 |
| At A Glance - Wednesday, February 20, 2008 |
| At A Glance - Friday, February 15, 2008 |
| At A Glance - Wednesday, February 13, 2008 |
| At A Glance - Friday, February 08, 2008 |
| At A Glance - Wednesday, February 06, 2008 |
| At A Glance - Wednesday, January 30, 2008 |
| At A Glance - Friday, January 25, 2008 |
| At A Glance - Tuesday, January 22, 2008 |
| At A Glance - Friday, January 18, 2008 |
| At A Glance - Wednesday, January 16, 2008 |
| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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