DebtConnection.com

CITIGROUP TO CUT 2,000 MORE JOBS
Citigroup Inc. will cut 2,000 more trading and investment-banking jobs as the collapse of the subprime mortgage market puts the biggest U.S. bank on track for its second-straight quarterly loss.
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CUOMO INVESTIGATES CREDIT-CARD KICKBACKS
Schools across the country might be under fire due to unethical agreements with credit-card companies, but it looks like Penn is in the clear.
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MORGAN STANLEY GIVES WALL STREET A BRIEF LIFT
Morgan Stanley gave Wall Street a shot of confidence on Wednesday morning, reporting profits that surpassed analysts' estimates, but the dosage soon wore off.
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95-YEAR-OLD ECONOMIST'S WISDOM PRICELESS IN VOLATILE TIMES
Moor, a retired educator and government official who at 95 is one of the school's oldest living alums, wants to teach the digital generation a lesson on a subject many are sorely lacking knowledge of: "the immutable laws of economics."
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COLLECTION AGENCIES ADD SCARCE JOBS IN HARD-HIT REGION
In an unremarkable strip mall in the south end of this city, workers were installing 144 new desks last month at Capital Management Services. About 50 feet away, a dozen fresh hires were taking a two-week training course.
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LOCAL PAYDAY LENDERS OPEN DESPITE AG'S ORDERS
Internet search engine queries for "cash advance Conway, AR" show results for more than a handful of payday lender locations which Arkansas Attorney General Dustin McDaniel says are operating unconstitutionally.
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KYTE CONSULTANTS TO ASSESS CREDIT CARD PAYMENTS
Maltese company Kyte Consultants has been validated as a Qualified Security Assessor Company (QSAC) by the Payment Card Industry (PCI) Security Standards Council in the US.
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NEW SITE AIMS TO ASSIST CONSUMERS WHO ARE STRUGGLING WITH INSURMOUNTABLE CREDIT CARD DEBT
According to recent statistics, Americans with at least one credit card, or other type of unsecured debt, owe more than $9,000, a staggering fact that prompted the development of http://www.debtorelief.com, a site that was created to assist people who are having difficulty, or simply unable to make their monthly payments and are struggling with debt.
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CREDIT SUISSE EXPECTS TO POST QUARTERLY LOSS AFTER 'MISCONDUCT' BY TRADERS
PARIS: Credit Suisse said Thursday that it was likely to post its first quarterly loss since 2003 because of large writedowns because of difficult market conditions and "intentional misconduct" at its trading desk.
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SLOWDOWN COULD HAVE BEEN AVOIDED
NEW YORK (CNNMoney.com) -- Congress and the Federal Reserve missed their chance to keep the country from falling into recession by acting too slowly, according to a well-respected economist.
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ATTORNEY GENERAL MARTHA COAKLEY OFFERS ADVICE TO CONSUMERS ABOUT THE SECURITY BREACH ANNOUNCED BY HANNAFORD BROTHERS SUPERMARKETS
On Monday, March 17, 2008, Hannaford Bros. Co. (Hannaford Brothers Supermarkets) announced that it had determined that a breach of its computer system potentially exposed customers' credit and debit card numbers.
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CONVERGYS SIGNS CONTRACT TO EXPAND RELATIONSHIP MANAGEMENT CAPABILITIES FOR COX COMMUNICATIONS
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today a multi-year contract renewal that will provide Cox Communications, Inc. with expanded relationship management functionality to streamline order entry workflows, provide intelligent customer alerts, and manage campaigns in its markets. With over six-million customers, Cox is the United States' third-largest cable operator and is noted for its high capacity, reliable, broadband delivery network and superior customer care.
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FRANK CALLS FOR SIGNIFICANT CHANGES IN FINANCIAL SERVICES REGULATION
Washington, DC - Congressman Barney Frank today discussed a number of new policy options to help stabilize the housing market and address the current economic downturn. During a speech to the Greater Boston Chamber of Commerce, Mr. Frank called for the following:
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BANKS IN VISA CONSORTIUM SCORE WINDFALL
NEW YORK (MarketWatch) -- A half-dozen U.S. banks who are the principal shareholders of transaction processing firm Visa Inc. on Tuesday evening found out just what their roughly 58% stake in the firm is worth: about $10.4 billion.
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FDIC HIGHLIGHTS BANK STRATEGIES FOR ENCOURAGING LOW- AND MODERATE-INCOME HOUSEHOLDS TO SAVE
In the current issue of FDIC Quarterly, released today, the FDIC examines the challenges that lower-income households face in increasing personal saving, incentives banks have for encouraging these households to build assets, and strategies for banks to broaden their relationships with these customers. The FDIC also reports on the results of a congressionally mandated study on the feasibility of increasing insurance coverage for municipal deposits.
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DISCOVER PROFIT DIPS AFTER UK UNIT SALE
Discover Financial Services LLC said Wednesday its fiscal first-quarter profit fell 65 percent to $81.2 million after shedding its card business in Britain and preparing for more U.S. cardholders to default on their loans.
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MCDANIEL DEMANDS TERMINATION OF PAYDAY LENDING IN ARKANSAS
LITTLE ROCK - Attorney General Dustin McDaniel announced today that he is sending letters to "payday lending" businesses operating under a license in Arkansas, asking them to stop the practice immediately. McDaniel defines "payday" lending as short term loans that charge interest in amounts that vastly exceed the usury limit imposed by the Constitution of the State of Arkansas.
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WELLS FARGO FIRST TO OFFER RETAIL BANKING CUSTOMERS A PERSONAL ONLINE SAFE
Wells Fargo & Company (NYSE: WFC) today announced the Wells Fargo vSafe service, the first online storage solution from a financial institution that lets retail banking customers store and organize copies of important materials, such as financial statements, loan and tax documents, wills, passports, and birth, marriage and death certificates.
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TARGET'S INNER CIRCLE
(Fortune Magazine) -- You'd think Robert Ulrich would be warming up for his victory lap right about now. The soon-to-retire CEO of Target Corp. should be easing into a lavish farewell tour filled with teary thank-yous, champagne-soaked sendoffs, and a book of leadership secrets.
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MORGAN STANLEY'S QUARTERLY PROFIT FALLS 42%
BOSTON (MarketWatch) -- Morgan Stanley's first-quarter net earnings dropped 42% as revenue also fell, the investment bank said Wednesday, but the results beat consensus forecasts that have been knocked down by the credit crunch.
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NEW FANNIE, FREDDIE RULES: $200B FOR MORTGAGES
Federal regulators said Wednesday they would allow mortgage finance giants Fannie Mae and Freddie Mac to reduce the capital they are required to keep on hand, a move that could pump $200 billion into mortgage markets.
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CONVERGYS CHOSEN AS A PREFERRED SOLUTIONS PROVIDER FOR U.S. FEDERAL GOVERNMENT AGENCIES
Convergys Corporation (NYSE: CVG), a global leader in Relationship Management, announced today that the U.S. General Services Administration (GSA) has named it a preferred contact center solutions provider. This designation gives federal agencies access to Convergys' entire Customer Management suite of solutions through the GSA's two and a half billion dollar contract vehicle.
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VISA PLANS STOCK-MARKET DEBUT AS DEMAND FOR NEW SHARES SLUMPS
Visa Inc. plans to proceed later today with its $17 billion initial public offering, potentially the biggest in U.S. history, even as the Standard & Poor's 500 Index inches toward a bear market.
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WHOLE CLASS OF DEBT IN CANADA IS BANKRUPT
A $32 billion segment of Canada's debt market was placed under bankruptcy protection on Monday after a committee established to restructure the troubled debt missed a settlement deadline.
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CITIGROUP CUTS 185 SALES WORKERS
The home mortgage division of Citigroup Inc. said Monday it is laying off 185 employees who worked in its home equity business, saying those types of loans are not salable in today's troubled home loan market.
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SENATE PASSES MEASURES AIMED AT IDENTITY THEFT
The Senate has unanimously passed two measures aimed at protecting consumers from identity theft.
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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

$992,717.00     Medical
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?494
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$10,412,982.00     Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?492
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$750,485.00     Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?491
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$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

Agency

EURO DEBT COLLECTIONS AND JUDGEMENT ENFORCING
33493162738

CBI-CREDIT BASE INTERNATIONAL SRL
01875361151

PHILLIPS & COHEN ASOCIATES / PCA ACQUISITIONS
800-370-5788

ACE DEBT RECOVERY
614-493-2268

Contact Solutions/Dialers

I GLOBAL SERVICES
40051201

Debt Buyers

T.GOOLSBY & ASSOCIATES
602-299-6116

Debt Sellers

ARGONAUT FINANCIAL, LLC
Lee Dalby
760-746-6186
More Information

Deceased

PHILLIPS & COHEN ASOCIATES / PCA ACQUISITIONS
Buddy Beaman
973-827-7121
More Information

Licensing/Compliance

REGULATORY COUNSEL GROUP, INC.
770-992-7779

Training

L-3 COMN
505-890-4631

Industry Events

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

2008 National Automobile Finance Conference & Tradeshow
Consumer Bankers Association
Hilton San Francisco Hotel
San Francisco, CA
March 30 - April 1, 2008
(703) 276-1750
More Information

26th Annual Spring Meeting
American Bankruptcy Institute
Renaissance Hotel
Washington, DC
April 3 - 6, 2008
(703) 739-0800
More Information

Auditor Training Course 2008 for Creditors and Debt Buyers
Resource Management Services, Inc.
Southern California
April 8 - 11, 2008
(562) 906-1101
More Information

March For Success
ACA International
Green Valley Ranch, Resort & Spa
Las Vegas, NV
April 9 - 11, 2008
(562) 906-1101
More Information

Austin Logistics' Impact 2008: Survival of the Smartest
Austin Logistics
Four Seasons Hotel
Austin, TX
April 14- 16, 2008 (512) 328-8215
More Information

The Smarter Decisions Conference
InterACT: A Fair Isaac Forum
Luxury Collection Palace Hotel
San Francisco, California
April 27 - 30, 2008 (800) 496-7001
More Information

Decisions Forum
Magnum
Centennial Olympic Park Embassy Suites Hotel
Atlanta, GA
April 28 - 30, 2008
(770) 952-4940
More Information

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At A Glance Archive 2007 20062005

At A Glance - Friday, November 14, 2008

At A Glance - Wednesday, November 12, 2008

At A Glance - Friday, November 07, 2008

At A Glance - Wednesday, November 05, 2008

At A Glance - Wednesday, October 29, 2008

At A Glance - Friday, October 24, 2008

At A Glance - Wednesday, October 22, 2008

At A Glance - Friday, October 17, 2008

At A Glance - Wednesday, October 15, 2008

At A Glance - Friday, October 10, 2008