DebtConnection.com

RESOURCE MANAGEMENT SERVICES, INC. IS EXCITED TO ANNOUNCE AN ADDITIONAL CREDITOR ROUNDTABLE SPEAKER AT COLLECTION AND RECOVERY SOLUTIONS 2008 CONFERENCE
In keeping with the commitment to quality content, Blake Hardaway with Nissan Motor Acceptance Corporation will be moderating a Creditor Roundtable on "Contact Management Strategies" at Collection and Recovery Solutions 2008 conference being held at the Four Seasons Las Vegas in May 7-9, 2008.
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FED OFFICIALS: HOUSING CRISIS CRITICAL
NEW YORK (CNNMoney.com) -- Two Federal Reserve officials said Friday that the housing market could damage the economy even more severely than it has already if measures are not taken to correct it.
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MORE AMERICANS USING CREDIT CARDS TO STAY AFLOAT
Seven years in the credit-counseling business didn't prepare Ann Estes for the alarming trend she began noticing last fall: As her clients' mortgage bills became unaffordable, a growing number of them began paying their credit card bills before - and sometimes instead of - their mortgages.
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COLORADO PAYDAY LOAN BILL DEBATES CONTINUE
A bill in the Legislature would limit the interest and fees payday lending businesses can charge residents, though opponents say it will drive out the industry and create a black market for loans the state cannot regulate.
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UNITED RECOVERY SYSTEMS, LP NAMED AGENCY OF THE YEAR
United Recovery Systems, LP is proud to have been recognized by Capital One Auto Finance as their first annual "Agency of the Year 2007" recipient. Capital One Auto Finance maintains a deficiency portfolio network who have shared in the successes and growth of Capital One over the years. United Recovery Systems, LP will continue to assist Capital One in its goal to stay above the revenue curve by maximizing its unique methodology in a problematic marketplace.
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TD BANK RAISES DIVIDEND AS Q1 PROFIT RISES TO $970M; U.S. DEBT WOES AVOIDED
TORONTO - A strong performance in its retail banking segment led to a five per cent increase in first-quarter earnings for TD Bank Financial Group (TSX:TD), which posted the hike despite a general downturn in the banking sector on U.S. credit woes.
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STUDY FINDS BIG HIT TO ECONOMY FROM CREDIT CRUNCH
NEW YORK (MarketWatch) -- The mortgage crisis is likely to cause a credit crunch that will have a big negative impact on economic growth over the coming year, a new study prepared by several prominent economists and released Friday has concluded.
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CREDIT UNION TOLD TO CEASE AND DESIST
State regulators have issued a cease-and-desist order against Sterlent Credit Union, an East Bay financial firm that has been peppered by red ink and mortgage failures.
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GOVERNOR FREDERIC S. MISHKIN
The paper being discussed today, "Leveraged Losses: Lessons from the Mortgage Meltdown," by David Greenlaw, Jan Hatzius, Anil Kashyap, and Hyun Song Shin, examines the following puzzle: How could the recent residential mortgage-market meltdown, which the authors estimate will lead to credit losses of around $400 billion--less than 2 percent of the outstanding $22 trillion in U.S. equities--possibly have such large negative effects on economic activity in the United States? After all, a 2 percent decline in stock market prices sometimes happens on a daily basis and yet leads to hardly a ripple in the U.S. economy.
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SOUNDBITE COMMUNICATIONS ACQUIRES MOBILE COLLECT
Bedford, Mass. - February 27, 2008 - SoundBite Communications, Inc. (NASDAQ: SDBT), a leading provider of on-demand customer contact solutions, announced that it has acquired essentially all of the assets of Mobile Collect, Inc. in an all cash transaction of approximately $500,000 plus additional contingent consideration of up to $2 million based upon a certain percent of text messaging revenue.
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SPRINT NEXTEL BLEEDS $29.5 BILLION, CUTS DIVIDEND
San Francisco - Sprint Nextel took a battering Thursday, reporting a $29.5 billion loss for its fourth fiscal quarter, caused by a write-down from its 2005 acquisition of Nextel and a shrinking number of mobile subscribers.
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REPORT: FEDS STILL NOT DOING ENOUGH TO SECURE DATA
Two years after the theft of a laptop containing data on 26.5 million veterans from the home of an analyst for the Veterans' Administration (VA), Federal agencies are still not fulfilling all of the mandates for protection of personal information, according to a new report from the Government Accountability Office (GAO).
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CHAIRMAN DEBORAH PLATT MAJORAS TO LEAVE FTC IN LATE MARCH
Federal Trade Commission Chairman Deborah Platt Majoras today announced her decision to leave the FTC in late March. Majoras was appointed by President George W. Bush and sworn into office on August 16, 2004.
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FANNIE AND FREDDIE SMILE THROUGH CRISIS
(Fortune) -- The housing bust is handing Fannie Mae and Freddie Mac a fresh chance to rebuild their battered images. But the hefty losses the firms reported this week, and worries about the health of the economy, show it won't be easy.
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FTC CHARGES MORTGAGE FORECLOSURE “RESCUERS” WITH DECEIVING HOMEOWNERS
In an ongoing effort to crack down on businesses that prey upon homeowners facing foreclosure, the Federal Trade Commission has charged six businesses and three individuals with violating the Home Ownership and Equity Protection Act (HOEPA), the FTC Act, and the Truth in Lending Act (TILA) by enticing homeowners into high-cost, short-term loans secured by an additional mortgage on their homes. The FTC will seek to bar the defendants from further violations, make them forfeit their ill-gotten gains, and stop collection and foreclosure actions or efforts to seize or transfer properties.
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THE WATCHDOG OF BANKING IS INCREASING ITS STAFF
KUSA - The Federal Deposit Insurance Corporation says it will add 100 banking examiners to its staff.
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WAMU CELEBRATES FIFTH ANNIVERSARY OF PROVIDING ITS CREDIT CARD CUSTOMERS WITH FREE ACCESS TO THEIR FICO CREDIT SCORE
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 27, 2008--WaMu (NYSE:WM), the first, and currently the only, credit card issuer that provides its cardholders with free(a) online access to their FICO(R) credit score, is celebrating the fifth anniversary of the service in 2008. WaMu first partnered with credit bureau TransUnion(R) and credit scoring pioneer Fair Isaac Corporation (FICO) in 2003 to introduce this valuable, free consumer service.
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WHAT BAD BANKING NEWS MEANS TO YOU
NEW YORK (CNN) -- Bad news about the banking industry may have you wondering about the safety of your hard earned cash at your own bank. In the past year there have been four bank failures.
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CUOMO WIDENS PROBE OF KICKBACKS TIED TO STUDENT LOANS
The state attorney general's office has widened the scope of its investigation into conflicts of interest in higher education, expanding its probe of kickbacks in the student loan industry to a broad range of companies doing business on college campuses across the nation.
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CITIGROUP APPOINTS NEW CHIEF RISK OFFICER
Vikram Pandit, Citigroup (NYSE:C)'s chief executive, has taken another step to stamp his authority on the financial services group by picking a close ally as the company's new chief risk officer.
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RESURGENT CAPITAL SIGNS AGREEMENT FOR ONLINE RESOURCES' WEB COLLECTIONS
CHANTILLY, Va. - Online Resources Corporation (Nasdaq:ORCC), a leading provider of Web-based financial services, today announced that Resurgent Capital Services, L.P. ("Resurgent") has signed a multi-year agreement for its integrated suite of online collections and payment processing services. Resurgent Capital is one of the largest managers of domestic and international consumer debt in the U.S.
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BERNANKE'S HIGH-WIRE ACT
For Federal Reserve Chairman Ben Bernanke, running the central bank has become an increasingly challenging high-wire balancing act.
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FREDDIE MAC'S LOSS WIDENS TO $2.5B
WASHINGTON (AP) -- Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as defaults mounted on home mortgages and it set aside cash in expectation of further losses.
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IAT DIALING SOLUTION CHOSEN BY REPEAT CUSTOMER:
Salt Lake City, UT, February 27, 2008-IAT is pleased to announce that Recovery Services of America (RSA), a results-oriented recovery resource for debt collections, has chosen CT Center as their new Predictive Dialing solution. RSA fills a niche for being "big enough to handle any placements but small enough to care." They are known for handling collections with compassion, and for treating all clients, no matter how large or how small, as key clients. Located in Farmers Branch, Texas, they are actively involved in community affairs and have clients throughout the U.S.
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LIVEVOX NAMES JOHN MCNAMARA AS NEW CHIEF MARKETING OFFICER
John McNamara Named LiveVox Chief Marketing Manager. McNamara Brings 25 Years of Collections and Credit Experience to the Only Provider of Hosted-Dialing Solutions with Integrated IVR and ACD Capabilities.
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COLLECTION AND RECOVERY SOLUTIONS 2008
Collection and Recovery Solutions 2008 is a content rich educational conference focused on the strategies and resources for maximizing collection and recovery outcomes. The CRS 2008 goal is to enrich the intensity of the conference for the exhibitor, attendee and sponsor alike with an unparalleled learning experience. Collection and Recovery Solutions is an exclusive gathering of industry professionals.
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FORECLOSURE BILL FACES VETO FORECLOSURES: THE WHITE HOUSE SAYS A BILL TO PROVIDE $4 BILLION TO PURCHASE AND REHABILITATE FORECLOSED HOMES "WOULD CONSTITUTE A BAILOUT FOR LENDERS AND SPECULATORS."
The White House promised on Tuesday to veto a bill seeking to follow up the recent economic stimulus package with several proposals to shore up the struggling housing market and reduce foreclosures.
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FTC CHARGES THREE INTERNET PAYDAY LENDERS WITH NOT DISCLOSING REQUIRED APR INFORMATION IN ADS
Three payday lenders have agreed to settle Federal Trade Commission charges that their Internet advertising stated the cost of loans without disclosing annual percentage rate information that federal law requires. This information helps consumers compare the costs of these payday loans to other payday loans and to alternative forms of short-term credit. The settlements require that the lenders must disclose the annual percentage rate in similar loan ads in the future.
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BERNANKE: GROWTH, INFLATION CONCERNS
WASHINGTON (CNNMoney.com) -- The economy faces the prospect of slower growth, but increasing concerns over inflation could complicate the Federal Reserve's efforts to stimulate the economy, Fed Chairman Ben Bernanke told lawmakers Wednesday.
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HSBC BANK CANADA EARNINGS UP IN 2007
VANCOUVER-A loss on asset-backed commercial paper knocked down fourth-quarter earnings at HSBC Bank Canada by 13 per cent to $111 million, compared with $128 million a year earlier.
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CONSUMER CONFIDENCE LOWEST SINCE NOVEMBER 2003
A key measure of consumer confidence dropped significantly in February, to the lowest level in more than 14 years, amid mounting concerns about jobs and slowing business activity.
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BERNANKE VS. THE ECONOMY
NEW YORK (CNNMoney.com) -- It's no rest for the weary, or at least for Federal Reserve Chairman Ben Bernanke. After testifying before lawmakers earlier this month alongside Treasury Secretary Henry Paulson, the Fed chief returns to Capitol Hill Wednesday and Thursday to appear before the House Financial Services and Senate Bank committees.
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TRANSUNION ADDRESSES OHIO ATTORNEY GENERAL'S CONCERNS SURROUNDING NON-PROFIT TAX-EXEMPT STATUS
CHICAGO, Feb. 25 /PRNewswire/ -- The TransUnion Healthcare Revenue Cycle Platform, a solution that automates the process that assists hospitals in determining whether a patient is eligible for charity or other financial assistance, addresses many of Ohio Attorney General Marc Dann's concerns regarding state property tax exemptions for not-for-profit hospitals.
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JANUARY FORECLOSURES UP 57%
NEW YORK (CNNMoney.com) -- Foreclosure filings nationwide soared 57% in January over the same month last year - another indication that the nation's housing woes are deepening.
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ASSET ACCEPTANCE CAPITAL CORP. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2007 RESULTS
WARREN, Mich., Feb. 26 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off consumer debt, today announced financial results for its fourth quarter and fiscal year ended December 31, 2007.
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BANKS AND THRIFTS EARNED $105.5 BILLION IN 2007
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $105.5 billion in 2007, a decline of $39.8 billion (27.4 percent) from the record $145.2 billion that the industry earned in 2006.
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FIRST DATA EARNS MULTI-YEAR DEBIT RENEWAL WITH WELLS FARGO
DENVER & SAN FRANCISCO, Feb 26, 2008 (BUSINESS WIRE) -- First Data Corp., a global leader in electronic commerce and payments, has signed a multi-year contract extension with Wells Fargo Bank to provide debit processing services to Wells Fargo for its 19.6 million debit cards.
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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

$767,863.00     Other
Pacific Healthcare Services, Inc.
http://www.debtconnection.com/portfolio.asp?489
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3122

$4,983,071.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?486
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?484
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$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

$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

$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

$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

$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

$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

Agency

SENTRY CREDIT, INC.
Richard Sleeth
425-258-5151
More Information

MHO GROUP INC.
832-524-7947

PARDUN COLLECTIONS
714-931-1971

Brokers

H & H ASSOCIATES, LLC
347-249-4644

Consultants

PORTSIDER GROUP
JOHN ROUSSEAU
480-747-1586
More Information

H & H ASSOCIATES, LLC
347-249-4644

Debt Buyers

RESURGENCE FINANCIAL, LLC
847-656-2194

Software

BEAM4D ENTERPRISES, LLC
800-212-2326

Industry Events

InterACT Europe Snapshot
InterACT: A Fair Isaac Forum
Hilton Vienna
Vienna, Austria
March 3 - 6, 2008
(800) 496-7001
More Information

Credit & Collection Business Academy
ACA International
Delray Beach Marriott
Delray Beach, Florida
March 9 - 12, 2008
(952) 928-8000 Ext. 125
More Information

NASP 2008 Subrogation Litigation Skills Conference
National Association of Subrogation Professionals (NASP)
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
March 27 - 28, 2008
(800) 574-9961
More Information

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At A Glance Archive 2007 20062005

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