UNPAID UTILITY BILLS SOAR AS ECONOMY SAGS
CHICAGO - Hundreds of thousands of utility customers are at risk of disconnections as the sagging economy drives up the number of past-due home heating bills and the amounts owed, utility companies in cold-weather states say.
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CONSUMER CONFIDENCE LOWEST SINCE 1982, ACCORDING TO SURVEY
Consumer confidence sank to its lowest level in 26 years, according to a survey published Friday.
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AMERICAN EXPRESS FEELING PINCH FROM ECONOMY
NEW YORK - American Express is feeling the pinch from a worsening U.S. economy as financially stressed consumers make fewer payments less often, analysts said Friday.
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VENGROFF, WILLIAMS & ASSOCIATES, INC. INCREASES CRESCENT HEALTHCARE'S CASH FLOW ON YEAR OLD AGING RECEIVABLES BY 50 PERCENT
Garden Grove, Calif. - Vengroff, Williams & Associates, Inc., a global provider of receivables management and business process outsourcing solutions, today announced that Crescent Healthcare (Crescent), a premier infusion company, has increased cash flow of aging receivables by 50 percent of the projected goal by outsourcing to Vengroff, Williams and Associates.
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DEBT COLLECTION DONE FROM INDIA APPEALS TO U.S. AGENCIES
GURGAON, India - In a glass tower on the outskirts of New Delhi, dozens of young Indians are on the telephone, calling America's out of work, forgetful and debt-stricken and asking for cash.
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WELLS FARGO REPEATS AS MANUFACTURED HOUSING COMMUNITY LENDER OF THE YEAR
SAN FRANCISCO - For the second consecutive year, the Manufactured Housing Institute has named Wells Fargo & Company NYSE: WFC as the Manufactured Housing Community Lender of the Year for 2008.
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BANK OF AMERICA SHAREHOLDERS, UPSET WITH COUNTRYWIDE ACQUISITION, MAKE CEO LEWIS DEFEND $4B DEAL
Beleaguered Bank of America Corp. shareholders pleaded Wednesday with the bank's chief executive not to proceed with a $4 billion acquisition of distressed subprime mortgage lender Countrywide Financial Corp.
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HOUSE PANEL BEGINS WORK ON HOUSING-AID BILL
WASHINGTON - The House Financial Services Committee began work on a bill Thursday that would allow a government agency to back billions of dollars in refinanced loans, a move designed to help stem the foreclosure crisis.
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DELL PEDIATRIC RESEARCH INSTITUTE RECEIVES $1 MILLION GIFT FROM THE BANK OF AMERICA CHARITABLE FOUNDATION
AUSTIN, Texas - The University of Texas at Austin today received a $1 million gift from the Bank of America Charitable Foundation for capital support of the Dell Pediatric Research Institute, a cutting-edge center for children's health research in Central Texas.
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HOMEBUILDERS: NO RECOVERY UNTIL 2009
NEW YORK - The damaged housing and home construction markets will continue to take a beating at least through the end of the year, according to economists who spoke Thursday at a forecast conference sponsored by the National Association of Home Builders.
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CONVERGYS SIGNS RELATIONSHIP MANAGEMENT AGREEMENTS WITH TWO LEADING FINANCIAL SERVICES COMPANIES
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today it has signed contract renewals and expansions with two leading financial services companies.
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EXPERIAN AND CREDIT BUILDERS ALLIANCE ANNOUNCE PARTNERSHIP TO ESTABLISH DATA REPORTING FOR MICROLENDERS
Costa Mesa, Calif. and Alexandria, Va. - Experian®, a global information services company, and Credit Builders Alliance (CBA), a nonprofit organization, have joined together to launch a data-reporting partnership that enables CBA's members to report microloan repayment data to Experian.
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BACKLASH GROWS AGAINST THE HOUSING BAILOUT
NEW YORK (CNNMoney.com) -- Why should American taxpayers have to pay to bailout reckless lenders and borrowers?
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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.
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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.
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MERRILL, OTHER BANKS TAP DEBT MARKETS AFTER LOSSES
Investment banks including Merrill Lynch & Co (MER.N: Quote, Profile, Research), UBS (UBSN.VX: Quote, Profile, Research) and Wachovia Corp (WB.N: Quote, Profile, Research) 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
(04-22) 11:21 PDT 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. (Nasdaq: ECPG) 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. Terms of the settlement, in which the defendant has not admitted liability, are defined in the stipulated order entered by the United States District Court for the District of Colorado on April 11, 2008.
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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 (NYSE: WU) 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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| 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 | $5,082,711.00 Credit Cards
Pacific Healthcare Services, Inc.
http://www.debtconnection.com/portfolio.asp?531
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3122
$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
$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
$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
$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
$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
$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
$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
$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 | RECOVERIES MANAGEMENT PTE. LTD.
Paulson Lum
+65 96188383
More Information
HERITAGE RECOVERY SOLUTIONS INC.
913-948-9830
BALDWIN ANDERSEN
800-646-2544
| | Legal Networks/Services | LAW OFFICE OF DEVIN POULSON
509-741-0421
|
|
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, 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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