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Wednesday, May 14, 2008

Mid-Week News:

Subscribe for Free - More Information - Advertising

SPACE REMAINING FOR ADDITIONAL REGISTRANTS FOR MAY 20 - 21, 2008 RESOURCE RECOVERY MANAGEMENT STRATEGIES AND TECHNIQUES CLASS
The leader in Agency Management auditing and consulting has announced two sessions of Recovery Management Strategies and Techniques, a two-day classroom course designed to assist Creditor and Debt Buyer Recovery Managers with fundamental and advanced strategies, plans, and tools for managing an outside vendor recovery operation.

This course will bring real-world experience and answers to the challenges that Recovery Managers face in structuring and managing the external recovery operation. Topics covered will include Agency Selection, Placement Strategies, Performance Measurements, Contracts, Work Standards, Settlements, Auditing, Compliance, and Financial Issues.

The first session is scheduled for May 20 - 21, 2008 in Los Angeles, CA at the Westin Los Angeles Airport (LAX). The second session will be October 7 - 8, 2008 in Chicago, IL at the Hyatt Rosemont (O'Hare Airport).

For more information and registration information contact: infoRMST@resourcemanagement.com or call Resource Management Services, Inc. at (562)906-1101
read more

FORECLOSURE FILINGS HIT RECORD IN APRIL
NEW YORK - U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday.
read more

ONTARIO SYSTEMS INTEGRATES PAYSIMPLE 2.0
The recently released PaySimple 2.0 will soon be available to Ontario Systems' clients through the Link product. The Link product tightly integrates service providers with the Ontario Systems' accounts receivables management applications.
read more

LNB CHANGING; LAREDO NATIONAL BANK WILL BECOME COMPASS
After nearly 120 years, Laredo National Bank will no longer have Laredo as its namesake when a conversion to BBVA's subsidiary, Compass Bank, becomes final at year's end. BBVA in March received federal clearance to roll Laredo National Bank, State National Bank and Texas State Bank into Compass Bank. Once the four banks are merged, Compass Bank will be the fourth-largest bank in Texas and within the top 25 in the nation, according to BBVA.
read more

CITY TO RAMP UP EFFORTS TO COLLECT MONEY IT'S OWED
The San Jose City Council called Tuesday for more aggressive efforts to stay on top of debt collection, even as it voted unanimously to officially write off nearly $3.5 million in unpaid bills.
read more

BANKING GIANT ANNOUNCES JOB CUTS IN PHOENIX AREA
JP Morgan-Chase has announced hundreds of job cuts from its metro Phoenix facilities. The banking giant said Tuesday it plans to transfer 420 customer-service jobs from the Phoenix area to locations outside Arizona as part of what it calls an ongoing workforce-efficiency drive.
read more

BANKS FACING WOES - $660B IN NEW LOSSES
Wall Street's banks and brokers aren't out of the woods yet, a former director of the Federal Reserve Board told The Post. Even after already grappling with losses and writedowns of around $350 billion, financial firms may need to solicit more cash from deep-pocketed investors to bolster their business, said Vincent Reinhart, former director of the Fed Board's Division of Monetary Affairs.
read more

CONFIDENCE IMPROVES AMID SIGNS CREDIT CRISIS EASING
Confidence in the global economy improved for the second consecutive month in May on signs the worst of the credit squeeze may be over, a survey of Bloomberg users on five continents showed.
read more

FINANCIAL SERVICES LOBBY OPPOSES US HOUSE CREDIT CARD BILL
Financial Services Roundtable President Steve Bartlett said Wednesday that legislation in the U.S. House of Representatives aimed at curbing credit card abuses was a "non-starter," and one provision could even exacerbate identity theft issues.
read more

CONSUMER CREDIT CRISI$ SHOWING UP IN THE CARDS
The money drain from high food and gas prices is causing consumers to fall behind on home-equity loans at Bank of America - at an even faster rate than the bank forecast only three weeks ago.
read more

SALLIE MAE ERROR CAUSES CREDIT SCORE PLUMMET
Some borrowers with Sallie Mae student loans may have gotten nasty surprises last week if they checked their Equifax credit scores. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to erroneous delinquencies reported by Sallie Mae. While some of the borrowers were actually delinquent, many were current on their payments.
read more

WACHOVIA ANNOUNCES JANE SHERBURNE TO BECOME NEW GENERAL COUNSEL
CHARLOTTE, N.C.- Wachovia announced today that Jane Sherburne, currently General Counsel for Citigroup's Global Consumer Group, has accepted the position of General Counsel for Wachovia. She will assume the role later this summer when Mark Treanor retires. Treanor announced his intention to retire last year.
read more

BANK OF AMERICA KEEP THE CHANGE® CUSTOMERS REACH $1 BILLION MILESTONE
CHARLOTTE, N.C. - Who said a little change doesn't add up? In just a little more than two years, Bank of America's Keep the Change® savings program has helped its customers save more than one billion dollars in customer round-ups and bank-matching funds, the bank announced today.
read more

COMMERCIAL COLLECTION AGENCY THRIVES USING SITE-PREMISED PREDICTIVE DIALING
Salt Lake City, UT, May 13, 2008 - After nearly two years using IAT's CT Center, Cisco, Inc., a commercial collection agency in Houston, TX, is still experiencing an increase in clients and payments. Tom Kurowski, Cisco Collections Manager, credits IAT's support and technology with the on-going ROI.
read more

NEW YORK SENATE CONSIDERS BILL TO REDUCE FORECLOSURES
ALBANY - As mortgage foreclosure filings increase, state senators talked Monday about how they could help the growing number of homeowners in trouble.
read more

CITIGROUP TO CUT MORE THAN 200 JOBS IN AREA
Citigroup will trim more than 200 jobs in Dallas-Fort Worth as it scales back its subprime auto-lending business. The largest cuts will be at the Bedford office of Citi Financial Auto, where more than 100 jobs will be eliminated.
read more

PAIR ORDERED TO PAY $49 MILLION FOR CROSS-BORDER TELEMARKETING FRAUD
At the request of the Federal Trade Commission, a federal judge has ordered two persons to pay more than $49 million for their role in a Canada-based scheme that duped American businesses into paying for business directories and listings they did not order.
read more

MORTGAGE IN TROUBLE? HOW CONGRESS WANTS TO HELP
Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.
read more

33% SAY CARD DEBT STAYED STEADY IN '07
As the Federal Reserve reports an uptick in borrowing nationwide, a poll of Utah residents indicates their credit-card spending isn't as bad as it could be.
read more

CHAIRMAN BEN S. BERNANKE LIQUIDITY PROVISION BY THE FEDERAL RESERVE
Well-functioning financial markets are an essential link in the transmission of monetary policy to the economy and a critical foundation for economic growth and stability. However, since August, severe financial strains have shaken this foundation.
read more

HSBC HOLDINGS PLC INTERIM MANAGEMENT STATEMENT
HSBC has made a strong start to the year despite the turbulence in global financial markets. In the first quarter of 2008, HSBC's profit was ahead of the equivalent period last year.
read more

U.S. DEPARTMENT OF COMMERCE SELECTS JPMORGAN FOR CHARGE CARD PROGRAM
New York - The U.S. Department of the Commerce (DOC) has selected JPMorgan as its provider for charge card services, the firm announced today. The task order award is part of the U.S. General Services Administration's (GSA) SmartPay® 2 program, the largest government charge card program in the world.
read more

INDYMAC BANCORP SWINGS TO 1ST-QTR LOSS, SEES 2008 LOSS
IndyMac Bancorp Inc. swung to a loss in the first quarter as deteriorating credit markets forced the mortgage lender to lower the value of mortgage-backed securities, and warned Monday it would not post a profitable quarter in 2008.
read more

FDIC APPROVES THE ASSUMPTION OF THE INSURED DEPOSITS OF ANB FINANCIAL, NATIONAL ASSOCIATION, BENTONVILLE, ARKANSAS
ANB Financial, National Association, Bentonville, Arkansas, was closed today by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect depositors, the FDIC's Board of Directors approved the assumption of the insured deposits of ANB Financial by Pulaski Bank and Trust Company, Little Rock, Arkansas.
read more

FTC TO HOST TOWN HALL MEETING TO EXPLORE CONTACTLESS PAYMENT
The Federal Trade Commission and the Technology Law and Public Policy clinic at the University of Washington Law School will host a one-day Town Hall meeting to explore emerging uses of contactless payment devices and their implications for consumer protection policy.
read more

HOUSING RESCUE: FIGHTING OVER BEST FIX
While Congress grapples with how to help troubled homeowners, the Bush administration is expanding a more modest effort to help at-risk borrowers.
read more

HOUSING BAILOUT: LITTLE COST BUT ALSO LITTLE HELP
NEW YORK - A congressional proposal to have the government help homeowners refinance mortgages they can no longer afford will only help a small fraction of those who are at risk of losing their homes.
read more

LARGE U.S. COMMUNICATIONS COMPANY EXTENDS CONTRACT WITH CONVERGYS FOR RELATIONSHIP MANAGEMENT SOLUTIONS
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that a leading U.S. communications company with millions of subscribers has extended and expanded its agreement with Convergys for its state-of-the-art Relationship Management Solutions. The expanded contract includes a 12-month extension of Infinys [R] license support and maintenance and an agreement for consulting services.
read more

PORTFOLIO RECOVERY ASSOCIATES INCREASES BANK CREDIT LINE TO $340 MILLION
NORFOLK, VA - Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, announced today that it has expanded its bank credit line to $340 million.
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

$4,485,472.00     Retail
Pacific Healthcare Services, Inc.
http://www.debtconnection.com/portfolio.asp?547
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3122

$314,155,866.00     Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?546
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$2,189,397.00     Consumer Loans
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?544
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$1,828,987.00     Checks
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?542
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$1,220,268.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?540
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728

$2,685,320.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?539
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728

$8,487,967.00     Retail
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?538
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$2,122,733.00     Retail
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?537
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$3,433,394.00     Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?536
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$1,002,755.00     Checks
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?535
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$112,346,419.00     Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?534
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$3,300,140.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?533
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$681,906.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?532
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728

$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

$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

$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

$6,100,000.00     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

$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

NETQUEST RECOVERY SERVICES, INC.
Randy Wade
877-300-9297
More Information

Debt Buyers

ADVANTIS
877-226-6701

Debt Sellers

CREDITMAX LLC
John Tonetti
561-352-2220
More Information

Skip Tracing

THE WORK NUMBER
888-577-1999

SPACE REMAINING FOR ADDITIONAL REGISTRANTS FOR MAY 20 -21, 2008 RESOURCE RECOVERY MANAGEMENT STRATEGIES AND TECHNIQUES CLASS
The leader in Agency Management auditing and consulting has announced two sessions of Recovery Management Strategies and Techniques, a two-day classroom course designed to assist Creditor and Debt Buyer Recovery Managers with fundamental and advanced strategies, plans, and tools for managing an outside vendor recovery operation.

This course will bring real-world experience and answers to the challenges that Recovery Managers face in structuring and managing the external recovery operation. Topics covered will include Agency Selection, Placement Strategies, Performance Measurements, Contracts, Work Standards, Settlements, Auditing, Compliance, and Financial Issues.

The first session is scheduled for May 20 - 21, 2008 in Los Angeles, CA at the Westin Los Angeles Airport (LAX). The second session will be October 7 - 8, 2008 in Chicago, IL at the Hyatt Rosemont (O'Hare Airport).

For more information and registration information contact:
infoRMST@resourcemanagement.com
or call Resource Management Services, Inc. at (562)906-1101
read more

FORECLOSURE FILINGS HIT RECORD IN APRIL
NEW YORK (CNNMoney.com) -- U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday.
read more

ONTARIO SYSTEMS INTEGRATES PAYSIMPLE 2.0
The recently released PaySimple 2.0 will soon be available to Ontario Systems' clients through the Link product. The Link product tightly integrates service providers with the Ontario Systems' accounts receivables management applications.
read more

LNB CHANGING; LAREDO NATIONAL BANK WILL BECOME COMPASS
After nearly 120 years, Laredo National Bank will no longer have Laredo as its namesake when a conversion to BBVA's subsidiary, Compass Bank, becomes final at year's end.BBVA in March received federal clearance to roll Laredo National Bank, State National Bank and Texas State Bank into Compass Bank. Once the four banks are merged, Compass Bank will be the fourth-largest bank in Texas and within the top 25 in the nation, according to BBVA.
read more

CITY TO RAMP UP EFFORTS TO COLLECT MONEY IT'S OWED
The San Jose City Council called Tuesday for more aggressive efforts to stay on top of debt collection, even as it voted unanimously to officially write off nearly $3.5 million in unpaid bills.
read more

BANKING GIANT ANNOUNCES JOB CUTS IN PHOENIX AREA
JP Morgan-Chase has announced hundreds of job cuts from its metro Phoenix facilities. The banking giant said Tuesday it plans to transfer 420 customer-service jobs from the Phoenix area to locations outside Arizona as part of what it calls an ongoing workforce-efficiency drive.
read more

BANKS FACING WOES - $660B IN NEW LOSSES
Wall Street's banks and brokers aren't out of the woods yet, a former director of the Federal Reserve Board told The Post. Even after already grappling with losses and writedowns of around $350 billion, financial firms may need to solicit more cash from deep-pocketed investors to bolster their business, said Vincent Reinhart, former director of the Fed Board's Division of Monetary Affairs.
read more

CONFIDENCE IMPROVES AMID SIGNS CREDIT CRISIS EASING
Confidence in the global economy improved for the second consecutive month in May on signs the worst of the credit squeeze may be over, a survey of Bloomberg users on five continents showed.
read more

FINANCIAL SERVICES LOBBY OPPOSES US HOUSE CREDIT CARD BILL
Financial Services Roundtable President Steve Bartlett said Wednesday that legislation in the U.S. House of Representatives aimed at curbing credit card abuses was a "non-starter," and one provision could even exacerbate identity theft issues.
read more

CONSUMER CREDIT CRISI$ SHOWING UP IN THE CARDS
The money drain from high food and gas prices is causing consumers to fall behind on home-equity loans at Bank of America - at an even faster rate than the bank forecast only three weeks ago.
read more

SALLIE MAE ERROR CAUSES CREDIT SCORE PLUMMET
Some borrowers with Sallie Mae student loans may have gotten nasty surprises last week if they checked their Equifax credit scores. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to erroneous delinquencies reported by Sallie Mae. While some of the borrowers were actually delinquent, many were current on their payments.
read more

WACHOVIA ANNOUNCES JANE SHERBURNE TO BECOME NEW GENERAL COUNSEL
CHARLOTTE, N.C.-Wachovia announced today that Jane Sherburne, currently General Counsel for Citigroup's Global Consumer Group, has accepted the position of General Counsel for Wachovia. She will assume the role later this summer when Mark Treanor retires. Treanor announced his intention to retire last year.
read more

BANK OF AMERICA KEEP THE CHANGE® CUSTOMERS REACH $1 BILLION MILESTONE
CHARLOTTE, N.C., May 13 /PRNewswire/ -- Who said a little change doesn't add up? In just a little more than two years, Bank of America's Keep the Change® savings program has helped its customers save more than one billion dollars in customer round-ups and bank-matching funds, the bank announced today.
read more

COMMERCIAL COLLECTION AGENCY THRIVES USING SITE-PREMISED PREDICTIVE DIALING
Salt Lake City, UT, May 13, 2008-After nearly two years using IAT's CT Center, Cisco,
Inc., a commercial collection agency in Houston, TX, is still experiencing an increase in
clients and payments. Tom Kurowski, Cisco Collections Manager, credits IAT's support
and technology with the on-going ROI.
read more

NEW YORK SENATE CONSIDERS BILL TO REDUCE FORECLOSURES
ALBANY - As mortgage foreclosure filings increase, state senators talked Monday about how they could help the growing number of homeowners in trouble.
read more

CITIGROUP TO CUT MORE THAN 200 JOBS IN AREA
Citigroup will trim more than 200 jobs in Dallas-Fort Worth as it scales back its subprime auto-lending business. The largest cuts will be at the Bedford office of Citi Financial Auto, where more than 100 jobs will be eliminated.
read more

PAIR ORDERED TO PAY $49 MILLION FOR CROSS-BORDER TELEMARKETING FRAUD
At the request of the Federal Trade Commission, a federal judge has ordered two persons to pay more than $49 million for their role in a Canada-based scheme that duped American businesses into paying for business directories and listings they did not order.
read more

MORTGAGE IN TROUBLE? HOW CONGRESS WANTS TO HELP
Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.
read more

33% SAY CARD DEBT STAYED STEADY IN '07
As the Federal Reserve reports an uptick in borrowing nationwide, a poll of Utah residents indicates their credit-card spending isn't as bad as it could be.
read more

CHAIRMAN BEN S. BERNANKE LIQUIDITY PROVISION BY THE FEDERAL RESERVE
Well-functioning financial markets are an essential link in the transmission of monetary policy to the economy and a critical foundation for economic growth and stability. However, since August, severe financial strains have shaken this foundation. A sharp housing contraction has generated substantial losses on many mortgage-related assets and a broad-based tightening in credit availability. Consistent with its role as the nation's central bank, the Federal Reserve has responded not only with an easing of monetary policy but also with a number of steps aimed at reducing funding pressures for depository institutions and primary securities dealers and at improving overall market liquidity and market functioning.
read more

HSBC HOLDINGS PLC INTERIM MANAGEMENT STATEMENT
HSBC has made a strong start to the year despite the turbulence in global financial markets. In the first quarter of 2008, HSBC's profit was ahead of the equivalent period last year.
read more

U.S. DEPARTMENT OF COMMERCE SELECTS JPMORGAN FOR CHARGE CARD PROGRAM
New York, May 8, 2008 - The U.S. Department of the Commerce (DOC) has selected JPMorgan as its provider for charge card services, the firm announced today. The task order award is part of the U.S. General Services Administration's (GSA) SmartPay® 2 program, the largest government charge card program in the world.
read more

INDYMAC BANCORP SWINGS TO 1ST-QTR LOSS, SEES 2008 LOSS
IndyMac Bancorp Inc. swung to a loss in the first quarter as deteriorating credit markets forced the mortgage lender to lower the value of mortgage-backed securities, and warned Monday it would not post a profitable quarter in 2008.
read more

FDIC APPROVES THE ASSUMPTION OF THE INSURED DEPOSITS OF ANB FINANCIAL, NATIONAL ASSOCIATION, BENTONVILLE, ARKANSAS
ANB Financial, National Association, Bentonville, Arkansas, was closed today by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect depositors, the FDIC's Board of Directors approved the assumption of the insured deposits of ANB Financial by Pulaski Bank and Trust Company, Little Rock, Arkansas.
read more

FTC TO HOST TOWN HALL MEETING TO EXPLORE CONTACTLESS PAYMENT
The Federal Trade Commission and the Technology Law and Public Policy clinic at the University of Washington Law School will host a one-day Town Hall meeting to explore emerging uses of contactless payment devices and their implications for consumer protection policy. The Town Hall, entitled "Pay on the Go: Consumers and Contactless Payment," follows up on the FTC's November 2006 forum, "Protecting Consumers in the Next Tech-ade,"which examined the key technological and business developments that will shape consumers' experiences in the coming decade. The Town Hall, which is free and open to the public, will be held July 24, 2008, in Room 133 of the University of Washington School of Law William H. Gates Hall, located at 15th Avenue NE & NE 43rd Street, in Seattle, WA. Directions are available at http://www.law.washington.edu/About/Direction.aspx.
read more

HOUSING RESCUE: FIGHTING OVER BEST FIX
While Congress grapples with how to help troubled homeowners, the Bush administration is expanding a more modest effort to help at-risk borrowers.
read more

HOUSING BAILOUT: LITTLE COST BUT ALSO LITTLE HELP
NEW YORK (CNNMoney.com) -- A congressional proposal to have the government help homeowners refinance mortgages they can no longer afford will only help a small fraction of those who are at risk of losing their homes.
read more

LARGE U.S. COMMUNICATIONS COMPANY EXTENDS CONTRACT WITH CONVERGYS FOR RELATIONSHIP MANAGEMENT SOLUTIONS
(Cincinnati; May 12, 2008) - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that a leading U.S. communications company with millions of subscribers has extended and expanded its agreement with Convergys for its state-of-the-art Relationship Management Solutions. The expanded contract includes a 12-month extension of Infinys [R] license support and maintenance and an agreement for consulting services.
read more

PORTFOLIO RECOVERY ASSOCIATES INCREASES BANK CREDIT LINE TO $340 MILLION
NORFOLK, VA, May 12, 2008 (MARKET WIRE via COMTEX News Network) -- Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, announced today that it has expanded its bank credit line to $340 million.
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

Agency

NETQUEST RECOVERY SERVICES, INC.
Randy Wade
877-300-9297
More Information

Debt Buyers

ADVANTIS
877-226-6701

Debt Sellers

CREDITMAX LLC
John Tonetti
561-352-2220
More Information

Skip Tracing

THE WORK NUMBER
888-577-1999

Industry Events

2008 Chicago/Spring Meeting
Commercial Law League of America (CLLA)
Westin Michigan Avenue Hotel
Chicago, Illinois
May 1 - 4, 2008
(312) 781-2000
More Information

A Debtor World: Interdisciplinary Academic Symposium on Debt from the University of Illinois and the American Bankruptcy Institute
American Bankruptcy Institute
University of Illinois College of Law
Chicago, Illinois
May 2 - 3, 2008
More Information

Auto Finance Risk Summit 2008
Royal Media Group
Loews Coronado Bay Resort
San Diego, CA
May 14 - 16, 2008
(212) 564-8972
More Information

NARCA 2008 Spring Collection Conference
NARCA
Sheraton Seattle Hotel Seattle, Washington
May 15 - 17, 2008
(800) 633-6069
More Information

Payments 2008 - Through Leadership / Innovative Solutions
NACHA - The Electronic Payments Association
MGM Grand Hotel
Las Vegas, NV
May 18 - 21, 2008
(800) 487-9180
More Information

Recovery Management Strategies and Techniques
Resource Management Services, Inc.
The Westin
Los Angeles, CA
May 20 - 21, 2008
(562) 906-1101
More Information

Best Practices in Collections Workshop
Austin Logistics and SoundBite Communications
Hyatt Regency Phoenix
Phoenix, Arizona
May 22, 2008
(781) 897-2617
More Information

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At A Glance Archive 2007 20062005

At A Glance - Friday, October 10, 2008

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At A Glance - Friday, October 03, 2008

At A Glance - Wednesday, October 01, 2008

At A Glance - Wednesday, September 24, 2008

At A Glance - Friday, September 12, 2008

At A Glance - Wednesday, September 10, 2008

At A Glance - Friday, September 05, 2008

At A Glance - Wednesday, September 03, 2008

At A Glance - Friday, August 29, 2008