DEBT CONNECTION SYMPOSIUM & EXPO 2008 INDUSTRY CHOICE TRIBUTE AWARDS
Dennis and Judy Hammond are pleased to announce that, in addition to the DCS 2008 Tribute Awards presented by leading creditors and debt buyers, this year's DCS 2008 Black Tie and Flip Flops Charity and Awards Gala will include the Industry Choice Tribute Awards. The categories will include company awards for Agency, Attorney Firm, Debt Buyer, Industry Vendor, and Debt Seller, with an individual award for Recovery Manager of the Year.
The Industry Choice Tribute Awards will begin with a nomination process, with nominations reviewed by a committee of qualified industry professionals. Finalists will then be voted on, with the Industry Choice Tribute Awards being presented at the DCS 2008 Black Tie Charity Event on September 4, 2008 in San Diego.
The DCS 2008 team is pleased and excited to provide an additional opportunity to recognize excellence within our industry.
For more information and updates, please check the DCS 2008 web site: www.dcs2008.com
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BANK OF AMERICA REAFFIRMS COMMITMENT TO FEDERAL STUDENT LENDING
Bank of America, a leading source of educational financing nationwide, today renewed its commitment to providing government-backed student loans while discontinuing its private student loan products.
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CITI POSTS LOSS, CUTS 9,000 MORE JOBS
NEW YORK (CNNMoney.com) -- Citigroup delivered yet another quarter of devastating results Friday, this time losing more than $5 billion due to troubles in its fixed-income business and higher consumer credit costs, adding it would cut an additional 9,000 jobs.
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ECONOMIC AND HOUSING RESCUE LEGISLATION INTRODUCED IN THE HOUSE
Washington, DC - In response to the nationwide economic downturn caused by the housing and credit crisis, members of the House Financial Services Committee today introduced legislation to combat the unprecedented rise in foreclosures, and the associated impact on cities and states.
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FREDDIE MAC TO BUY JUMBO MORTGAGES FROM BANKS
WASHINGTON (MarketWatch) -- Freddie Mac will buy billions of dollars' worth of new conforming jumbo mortgages this year in an effort to jump-start a part of the mortgage market, the company said Thursday.
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CREDIT CARD REFORM MOVES BEFORE CONGRESS
A pair of lawmakers on Thursday urged Congress to move forward with legislation aimed at remedying what they view as questionable practices of the credit card industry which keep many consumers mired in debt.
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FORECLOSURE FUTURE GRIM FOR UTAHNS
Utah's housing bubble is forecast to burst in a big way, with one in 25 Utah homeowners projected to be in foreclosure in the next two years, according to a report released Wednesday by The Pew Charitable Trusts.
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WELLS FARGO: S.F. BANK SEES SECOND STRAIGHT DROP IN QUARTERLY PROFIT, BUT IT'S BETTER OFF THAN RIVALS
Wells Fargo & Co.'s first-quarter profit fell 11 percent as the nation's fifth-largest bank wrestled with rising loan losses and braced for more trouble.
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SALLIE MAE SWINGS TO $104 MILLION LOSS IN 1Q
Sallie Mae lost $104 million in the first quarter and fell short of Wall Street's expectations amid a severe disruption in the troubled student loan industry.
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TURMOIL CREATES FORMIDABLE 'TO-DO LIST,' KOHN SAYS
WASHINGTON (MarketWatch) -- The ongoing turmoil in financial markets has "revealed major weaknesses" in the U.S. financial system that need urgent attention from the private sector and regulators, Federal Reserve Vice-Chairman Donald Kohn said Thursday.
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SANDRA F. BRAUNSTEIN, DIRECTOR, DIVISION OF CONSUMER AND COMMUNITY AFFAIRS
Madam Chair Maloney, Ranking Member Biggert, members of the Subcommittee, I appreciate the opportunity to discuss the Federal Reserve Board's ongoing efforts to enhance protections for consumers who use credit cards. In June 2007, the Board proposed substantial revisions to the credit card disclosures required under the Truth in Lending Act (TILA) regulations.
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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.
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DEBT RESOLVE CLOSES $7 MILLION INVESTMENT WITH HARMONIE INTERNATIONAL, LLC
WHITE PLAINS, N.Y. - Debt Resolve, Inc. ("Debt Resolve") (AMEX: DRV) announced today that on March 31, 2008, Debt Resolve, Inc. entered into a Securities Purchase Agreement with Harmonie International, LLC for the private placement of 2,966,102 shares of Debt Resolve's common stock, par value $.001 per share at a price of $2.36 per share, and a ten-year warrant to purchase up to 3,707,627 shares of Common Stock, at an exercise price of $2.36 per share, resulting in aggregate gross cash proceeds to Debt Resolve of $7,000,000.
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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!!!
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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.
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THE FIRST MARBLEHEAD CORPORATION TODAY PROVIDED THE FOLLOWING STATEMENT FROM JACK KOPNISKY, THE COMPANY'S CHIEF EXECUTIVE OFFICER AND PRESIDENT
"Earlier today, First Marblehead was notified by Bank of America that due to the ongoing disruption in the capital markets it has decided to exit the private student loan business and focus on providing federal student loans. In connection with this decision, Bank of America has elected to exercise its right to terminate its agreements with First Marblehead due to the filing by The Education Resources Institute (TERI) of a voluntary bankruptcy petition on April 7, 2008.
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HIGHLY FLEXIBLE AND AFFORDABLE POINT-OF-SALE TERMINAL WELL-EQUIPPED TO SUPPORT CURRENT AND FUTURE PAYMENT TECHNOLOGIES
DENVER (APRIL 16, 2008) - 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.
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JPMORGAN CHASE'S EARNINGS TOP FORECASTS
NEW YORK (CNNMoney.com) -- 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.
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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 (CNNMoney.com) -- 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.
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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.
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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.
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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.
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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.
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FORECLOSURES JUMP 57% IN MARCH
NEW YORK (CNNMoney.com) -- 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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| 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
$79,000,000.00 Medical
Oxford Management Services
http://www.debtconnection.com/portfolio.asp?527
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3241
$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 Consumer Loans, 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 Consumer Loans, 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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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
$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 | TYLER & MORGAN
813-463-1066
THE COLLECTION BUREAU
303-451-7282
| | Debt Buyers | DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information
DEBT MANAGEMENT, INC.
508-553-1904
| | Debt Sellers | OXFORD MANAGEMENT SERVICES
Charles Harris
631-962-0375
More Information
DEBT MANAGEMENT, INC.
508-553-1904
| | Skip Tracing | VICE INVESTIGATIONS & PROTECTION LLC
718-715-1193
|
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Industry Events
|
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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| At A Glance - Tuesday, January 22, 2008 |
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| 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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