SOCIAL SECURITY NUMBERS EXPOSED ON HOSPITAL BILLS
Some 2,000 medical bills were mailed around East Texas last week with patients' Social Security numbers visible on the envelope after a technical glitch skewed billing at the collection agency used by the University of Texas Health Science Center at Tyler.
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FORGIVABLE LOAN AIMS TO BRING JOBS TO GALESBURG
GALESBURG - The City Council on Monday approved a $40,350 forgivable loan as an incentive to attract a collection agency with a potential 150 jobs.
read more
INDY BREACH COMPROMISES PERSONAL INFO FOR 700,000
A computer server containing Social Security numbers and other personal information of 700,000 people was stolen last month from a Southside debt-collection bureau in what appears to be the largest computer security breach ever in Indiana.
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JEFFERIES DEFAULT AND DEBT RATINGS CUT BY FITCH RATINGS
Credit ratings agency Fitch Ratings downgraded investment bank Jefferies Group Inc.'s issuer default and debt ratings because of the company's recently quarterly loss.
read more
MERRILL, OTHER BANKS TAP DEBT MARKETS AFTER LOSSES
Investment banks including Merrill Lynch & Co, UBS and Wachovia Corp sold more than $13 billion in new debt on Tuesday in a move to shore up their balance sheets.
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HANNAFORD SPENDING MILLIONS TO UPGRADE AFTER SECURITY BREACH
Hannaford Bros. Co. said Tuesday it is spending millions of dollars to enhance the security of its data network following a massive security breach that exposed up to 4.2 million credit and debit card numbers to fraud.
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FORECLOSURES SOAR IN STATE, BAY AREA
SAN FRANCISCO - Foreclosures spiked across the Bay Area and California during the first quarter, rising more than 300 percent as home values continued to fall.
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REPORT: NO HELP YET FOR MOST SUBPRIME BORROWERS
Seven out of 10 seriously delinquent subprime mortgage borrowers are still not getting the help they need to keep their homes.
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FIFTH THIRD BANCORP 1Q PROFIT FALLS ON BAD DEBT RESERVES
CINCINNATI - Fifth Third Bancorp reported a 19 percent drop in first-quarter earnings Tuesday, as the bank's bad debt reserves surged fivefold, offsetting strong growth in its fee-based based businesses.
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LENDINGTREE DISCLOSES INSIDER DATA BREACH
Web-based lending exchange LendingTree, which generates leads in the mortgage business by accepting online customer information, yesterday disclosed that it believes several former employees illicitly helped a handful of mortgage lenders gain access to customer data.
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MORTGAGE RESCUE PLAN COULD HURT HOUSING MORE THAN IT HELPS
Congress appears eager to help more than a million homeowners facing foreclosure, but a proposal aimed at fixing the battered housing market could instead end up as the latest blow to a recovery.
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BANK OF AMERICA ANNOUNCES HOME LENDING GUIDELINES
CHARLOTTE, N.C., - Bank of America said today it expects to implement new lending guidelines in its consumer mortgage business as soon as is practical after it combines operations with Countrywide Financial Corporation.
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ENCORE CAPITAL GROUP, INC. SETS DATES FOR FIRST QUARTER 2008 RESULTS AND UPCOMING INVESTOR DAY
SAN DIEGO - Encore Capital Group, Inc. announced today that it will release its financial results for the first quarter of 2008 on Thursday, May 1, 2008, before the market opens.
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DEBT REDUCTION DEFENDANT SETTLES FTC CHARGES
The last "Debt-Set" defendant has agreed to settle Federal Trade Commission charges for his role in an operation that allegedly violated federal law by falsely claiming that it could reduce consumers' credit card interest rates or the amount of their credit card debt.
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TSYS SIGNS LONG-TERM PROCESSING AGREEMENT WITH TARGET
Columbus, Ga. - TSYS, a global leader in payment solutions, today announced the renewal of a long-term agreement with Target Corporation, the operator of Target and SuperTarget stores, to service its REDcard portfolio. The multi-year agreement will include systems processing for Target® Visa® Credit Card, Target Credit CardSM, Target Check CardSM and the Target Business Card®.
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WESTERN UNION REPORTS FIRST QUARTER RESULTS
ENGLEWOOD, Colo. - The Western Union Company today reported financial results for the first quarter.
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TARGET MARCH CREDIT-CARD CHARGE-OFFS ANNUALIZED 8.1%
Target Corp., the second-largest U.S. discount chain, said it wrote off an annualized 8.1 percent of its credit-card loans in March as consumers grappled with job losses and the biggest housing slump in a quarter century.
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ALLIANCE DATA TERMINATES MERGER AGREEMENT WITH BLACKSTONE AFFILIATES
DALLAS, - Alliance Data Systems Corporation, a leading provider of transaction-based loyalty and marketing services, today announced that it has terminated the May 17, 2007 merger agreement providing for the acquisition of Alliance Data by affiliates of The Blackstone Group.
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N.J. LAWMAKERS TAKING ON DEBT COLLECTORS
New Jersey lawmakers have introduced a bill in the Assembly that would regulate the practices of debt collectors and give authorities the power to issue significant fines for violations.
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SALLIE MAE ISSUES DISTRESS CALL
WASHINGTON - Sallie Mae's top executives are engaging in "daily deliberations" about how long the company can continue to lose money on federally guaranteed student loans, while pressing officials in Washington to aid the troubled market, CEO Albert Lord said last week.
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TRANSUNION.COM QUARTERLY AUTO LENDING ANALYSIS FINDS AREAS WITH LARGE POPULATION GROWTH ALSO HAVE GREATEST LEVELS OF AVERAGE AUTO LOAN DEBT
CHICAGO - An analysis of trends in the auto lending industry during the fourth quarter of 2007 was made available today on TransUnion.com. The report is the second in an ongoing series of quarterly consumer lending sector analyses that TransUnion will release on the site.
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LIVEVOX FORESEES TRADITIONAL DIALERS BECOMING OBSOLETE
SAN FRANCISCO - LiveVox, the leading provider of hosted dialer solutions, today announced its belief that the purchase of premise-based dialers will be obsolete in the next three years and eliminated in the next five.
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SECURITY BREACH NOTIFICATION ALERT:
Indiana residents are hereby alerted to a security breach at Central Collection Bureau (CCB), located at 7510 South Madison Avenue, Indianapolis, Indiana. This breach potentially exposed the personal information, including names, contact information, Social Security numbers, dates of birth, dates of service, and medical procedure codes.
read more
THE TRILLION-DOLLAR MORTGAGE TIME BOMB
NEW YORK - Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
read more
BANK OF AMERICA'S PROFIT PLUNGES 77%
NEW YORK (CNNMoney.com) -- Bank of America Corp. reported quarterly results Monday that were much worse than originally feared, as profits plunged 77%, but the company still managed to stay in the black.
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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 | $12,249,416.00 Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?530
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728
$19,744,659.00 Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?529
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
$2,608,684.00 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
$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 Consumer Loans
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
$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
$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
$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
$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
$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
$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
$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
$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
$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 | HERITAGE RECOVERY SOLUTIONS INC.
913-948-9830
BALDWIN ANDERSEN
800-646-2544
AMERICAN PROFIT RECOVERY, INC.
508-485-5372
|
|
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 - Friday, February 29, 2008 |
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| 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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