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Wednesday, April 16, 2008
This Weeks Articles:
HOUSE APPROVES BILL BANNING PRIVATE DEBT COLLECTION OF TAXES
WASHINGTON -(Dow Jones)- The House voted Tuesday to pass a bill which prohibits the Internal Revenue Service from hiring private debt collection firms to go after individuals who are delinquent on tax payments.
read more

DCS2008 BLACK TIE CHARITY GALA - JUDY'S IF THE DRESS FITS, WEAR IT CHALLENGE
It's not about your dress. It's not even about my dress! It's about the charity for children, paying tribute to superior performance, networking, fun and entertainment.

The Black Tie Charity Gala at DCS2008 will raise funds for Children's Hospital of Orange County (CHOC) and Rady Children's Hospital-San Diego. Both wonderful hospitals who assist the really ill kids.

After three Black Tie Charity Events, we have raised over $575,000 for children's charities. We get dressed up, we pay tribute to award winners, we auction off donated items, and we have some fun and entertainment.

This year, our conference theme is: Cool. Coastal. Californian. And we want to take that a step further with a "Recycle Your Dress" concept. Do you remember what everyone else wore? Maybe. Maybe not. Here's my challenge. Recycle your gown, and donate what you might have spent on a new one to the kids! Wear a gown you've worn before, and enter my "If The Dress Fits Challenge". It's easy to participate. If the dress fits, wear it. You can add new accessories, if you like, but let's see that gown again! We'll have special donation envelopes for the "If The Dress Fits Challenge" donations. Bring your "gown budget" or any amount you choose, to donate to the kids in this challenge.

And to add to the fun, all ladies entering my "If The Dress Fits Challenge" will be entered into a drawing, and eligible to win a $2000 shopping spree.

It's California you know, and we're thinking Black Tie and Flip Flops. You can wear your flip flops or sandals with your recycled gown, or bring them for wearing later in the evening, or on the dance floor. It's a fun event, a time to remember, reward and give back. We hope to see you there!!!

read more

YELLEN SAYS FED MUST BE READY TO ACT QUICKLY
SAN FRANCISCO (MarketWatch) -- San Francisco Federal Reserve Bank President Janet Yellen said Wednesday the Federal Reserve must be prepared to act in a "timely manner" to help promote U.S. economic growth, whose prospects still remain "unusually certain."
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FTC APPROVES FILING OF STAFF COMMENT TO THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM REGARDING PROPOSED RULE TO RESTRICT CERTAIN MORTGAGE PRACTICES UNDER TILA
The Federal Trade Commission has approved the filing of a staff comment to the Board of Governors of the Federal Reserve System regarding the Federal Reserve Board's proposed rule to restrict certain mortgage practices under the Truth in Lending Act and the Home Ownership Equity Protection Act. In the comment, the FTC staff supports the Board's goals of protecting consumers in the mortgage market from unfair, abusive, or deceptive lending and servicing practices while preserving responsible lending and sustainable home ownership; ensuring that advertisements for mortgage loans are accurate and not misleading; and providing consumers with transaction-specific disclosures early enough to use while shopping.
read more

HIGHLY FLEXIBLE AND AFFORDABLE POINT-OF-SALE TERMINAL WELL-EQUIPPED TO SUPPORT CURRENT AND FUTURE PAYMENT TECHNOLOGIES
DENVER - First Data Corp., a global leader in electronic commerce and payment services, today announced the introduction of the First Data FD50, an affordable point-of-sale terminal featuring solid design and construction, easy operation and state-of-the-art security.
read more

JPMORGAN CHASE'S EARNINGS TOP FORECASTS
NEW YORK - Unlike many of its peers in the financial services industry, JPMorgan Chase & Co. on Wednesday turned in a better quarterly performance than analysts had expected. Still, earnings dropped 50% from a year earlier.
read more

TURMOIL IN STUDENT LOANS STRESSES FAMILIES
Paying for college is rarely easy, but this year parents and students could have a tougher time securing the necessary financing.
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WAMU: $1.1B LOSS ON HOME LOAN WOES
NEW YORK - Washington Mutual on Tuesday blamed continued troubles in the housing market for its previously reported $1.1 billion quarterly loss, adding that it has wrapped up its plans to raise $7 billion in capital from outside investors.
read more

US BANCORP EARNINGS SLIDE 4 PCT AS CHARGE-OFFS INCREASE
U.S. Bancorp said Tuesday its first-quarter earnings fell 4 percent due to losses stemming from the mortgage crunch but declared its credit problems will continue to be manageable.
read more

FRANK THREATENS TOUGH MORTGAGE RULES
Democrats in Congress and President Bush will agree on a bill to help half a million or more strapped homeowners get into lower cost mortgages, but it won't be through the bankruptcy courts, the chairman of the House Financial Services Committee said Tuesday.
read more

TSYS ACQUIRING SOLUTIONS BECOMES PREMIER PARTNER OF W.NET
TEMPE, Ariz. - TSYS Acquiring Solutions(SM) today announced it has renewed its sponsorship and has become a premier partner for Women Networking in Electronic Transactions (W.net), a forum for professional women in the electronic transactions industry.
read more

DEBT COLLECTORS HOOK IRS
WASHINGTON - The Internal Revenue Service expects to lose more than $37 million by using private debt collectors to pursue tax scofflaws through a program that has outraged consumers and led to charges on Capitol Hill that the agency is wasting money for work that IRS agents could do more effectively.
read more

FORECLOSURES JUMP 57% IN MARCH
NEW YORK - Foreclosure filings jumped 57% in March compared with the same month last year and rose 5% versus February, as the nation's housing market continues to deteriorate.
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FREMONT SELLS ITS BANK TO CAPITALSOURCE FOR $170 MLN
SAN FRANCISCO - Fremont General Corp. on Monday agreed to sell its bank to CapitalSource Inc. for $170 million after the troubled lender was hit hard by the subprime mortgage-fueled credit crisis.
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FANNIE MAE, FREDDIE MAC LOOKING TO HELP THOSE WHO OWE MORE THAN HOME'S WORTH
WASHINGTON - Fannie Mae will allow more struggling homeowners to sell their homes for less than they owe on their mortgages in a gambit that could hit the mortgage finance company with upfront losses but stave off massive hemorrhage from foreclosures.
read more

RETAIL SALES ROSE 0.2% IN MARCH
Retail sales were slightly better than expected in March, although high gas prices and a slowing economy continued to erode demand for products.
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WACHOVIA CEO DEFENDS $7 BILLION PLAN
NEW YORK - Wachovia Chairman and CEO Ken Thompson defended plans to raise $7 billion in capital through a stock offering announced Monday, citing fears of a protracted downturn in the housing market and rejecting suggestions that the sale was done at the behest of regulators.
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FDIC'S ADULT FINANCIAL LITERACY PROGRAM SURPASSES MILESTONE; NEW VERSION TO HELP SCHOOL-AGE KIDS LEARN ABOUT MONEY
The Federal Deposit Insurance Corporation (FDIC) reports that one million Americans have had the opportunity to become more financially savvy through participating in its financial education program, Money Smart. In addition to surpassing that significant milestone, the FDIC today announced that it is making the program available to even more people with the introduction of Money Smart for Young Adults.
read more

CONVERGYS TO EXPAND RELATIONSHIP MANAGEMENT SUPPORT TO UNITEDHEALTH GROUP MEMBERS
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today a contract to expand the customer care services it provides to UnitedHealth Group (NYSE: UNH) by serving the members of its Ovations' SecureHorizons program. UnitedHealth Group, an innovative leader in the health and well-being industry, helps more than 70 million Americans achieve optimal health through its seven businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, OptumHealth, Ingenix, and Prescription Solutions.
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
$13,445,668.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?524  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$2,119,554.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?523  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$2,093,504.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?522  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$2,650,022.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?520  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$2,608,684.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?525  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$25,000,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?512  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$1,583,940.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?519  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$1,600,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?518  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$2,026,471.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?517  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$6,193,475.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?516  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$8,100,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?515  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$12,147,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?514  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$14,340,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?513  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247  

$11,400,000.00     Consumer Loans
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?509  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250  

$6,100,000.00     Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?510  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250  

$8,467,169.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?511  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$1,468,356.00     Credit Cards, Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?507  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

$1,808,974.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?508  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$10,502,381.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?504  
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?503  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$1,423,593.00     Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?502  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$5,777,052.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?501  
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?498  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$247,259.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?495  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$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  

$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  

Agency
THE COLLECTION BUREAU
303-451-7282

TRI-FINANCIAL
877-268-9286

STATES RECOVERY SYSTEMS, INC
800-211-1435

Debt Buyers
DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information

TRIFI L.L.C
877-268-9286

Debt Sellers
TRIFI L.L.C
Jon Hummel
877-268-9286
More Information

Industry Events
NAFCU 2008 Chief Executive Officers Conference
National Association of Federal Credit Unions
Luxury Collection Palace Hotel
Four Seasons Hotel, Austin, TX
April 16 - 18, 2008
(800) 344-5580
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

5th Annual Standards and Technology Conference
Consumer Bankers Association
Hyatt Regency Washington on Capitol Hill
Washington, DC
April 28 - 30, 2008
(703) 876-1750
More Information

2008 Community Reinvestment Act Conference
Consumer Bankers Association
Ritz Carlton Pentagon City
Washington, DC
April 30 - May 2, 2008
(703) 876-1750
More Information

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