BERNANKE WARNS BANKS ON RISKS
WASHINGTON - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks such as the credit and mortgage debacles, Federal Reserve Chairman Ben S. Bernanke said yesterday.
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TSYS ACQUIRING SOLUTIONS NAMES DAVID WOOD COO
TSYS Acquiring Solutions today announced that it has appointed David E. Wood, a seasoned payments industry veteran, as chief operating officer.
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JUDGE SAYS COUNTRYWIDE OFFICERS MUST FACE SUIT BY SHAREHOLDERS
Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled.
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VISA INTRODUCES NEW COMMERCIAL CARD TO HELP MANAGE GROWING CORPORATE MEETINGS EXPENDITURES
In response to growth in global spending on meetings, incentives, conferences and exhibitions, Visa Inc. (NYSE: V) today announced the addition of the Visa Meetings card to its suite of commercial payment solutions to help businesses more strategically manage this expense category.
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BANK OF AMERICA, WELLS FARGO FORM PAYMENT PROCESSING JOINT VENTURE
Wells Fargo & Company (NYSE: WFC) and Bank of America (NYSE: BAC) today announced the formation of a joint venture to operate a single, combined automated clearinghouse (ACH) platform for both companies and their clients.
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HAVE YOU BOOKED YOUR ROOM FOR DEBT CONNECTION SYMPOSIUM & EXPO 2008 YET?
With a spectacular waterfront setting in the heart of America's Finest City, the San Diego Marriott Hotel & Marina truly represents the area's best location for business and leisure. Immerse yourself in the vibrant activity that surrounds the downtown Marriott. Conveniently situated adjacent to the Convention Center and the Gaslamp Quarter. Enjoy effortless access to the city's most popular sights from the World Famous Zoo and SeaWorld to the sparkling beaches.
The discounted conference room rate is now available! For reservations, call 1-800-228-9290 and mention Debt Connection Symposium and Expo 2008 or DCS2008. The conference room rate is $229 for Single or Double.
Reservations must be made prior to August 9, 2008 to guarantee group room rate, subject to availability. (Rates outside our block will usually be higher. The hotel block is for registered DCS2008 attendees only.)
Hotel Reservation link: http://cwp.marriott.com/sandt/dcs/
Map & Directions: http://www.marriott.com/hotels/maps/travel/sandt-san-diego-marriott-hotel-and-marina/
For information and updates on Debt Connection Symposium and Expo 2008 please go to http://www.dcs2008.com/.
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BANK OF AMERICA DEBUTS NEXT PHASE OF 'BANK OF OPPORTUNITY' CAMPAIGN
CHARLOTTE, N.C. - Bank of America will debut the next phase of its Bank of Opportunity campaign this week that encourages the American consumers to achieve their financial goals through savings and financial planning.
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DEFENDANTS AGREE TO $26 MILLION JUDGMENT TO SETTLE FTC CHARGES FOR DECEIVING MERCHANTS IN DEBT/CREDIT CARD PROCESSING SCHEME
The marketers of a debit and credit card processing services operation have agreed to judgments of more than $26 million to settle Federal Trade Commission charges that they deceived small businesses throughout the country.
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FAIR ISAAC ANNOUNCES REAL-TIME FASTER PAYMENTS FRAUD SOLUTION
London, United Kingdom - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, has announced the availability of a new, tailored anti-fraud solution for the anticipated UK Faster Payments initiative.
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CONGRESS LOOKS AT WALL STREET BANKING RULES
Investment banks should be regulated more like commercial banks if they're going to get the same kind of help from Washington, former Federal Reserve Chairman Paul Volcker said Wednesday.
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ALLIANCE DATA SIGNS MULTI-YEAR EXTENSION AGREEMENT WITH TOP-10 CLIENT AND LEADING SPECIALTY RETAILER DRESS BARN, INC.
DALLAS, TX - Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced it has signed a multi-year contract extension with leading specialty retailer Dress Barn, Inc. (Nasdaq: DBRN) to continue providing private label credit card services for dressbarn and maurices-branded stores.
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ACXIOM ANNOUNCES FOURTH-QUARTER AND FISCAL YEAR 2008 RESULTS
LITTLE ROCK, Ark. - Acxiom® Corporation (Nasdaq: ACXM) today announced financial results for the fourth quarter and fiscal year end ended March 31, 2008.
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CHAIRMAN BEN S. BERNANKE -- RISK MANAGEMENT IN FINANCIAL INSTITUTIONS
The financial and credit market turmoil that began last summer has raised a number of significant issues of public policy, including questions concerning the maintenance of financial stability, the supervision and regulation of financial institutions, and the protection of consumers in their financial dealings.
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THE FEDERAL RESERVE BOARD ANNOUNCED WEDNESDAY THAT THE CONSUMER ADVISORY COUNCIL WILL HOLD ITS NEXT MEETING ON THURSDAY, JUNE 19.
The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public.
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FIRST DATA EXPANDS PRESENCE IN INDIA THROUGH A TECHNOLOGY HOSTING AGREEMENT WITH KOTAK MAHINDRA BANK
MUMBAI, India - First Data Corp., a global leader in electronic commerce and payment services, has signed a card processing agreement with Kotak Mahindra, one of India's leading financial conglomerates.
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MARION FINANCIAL CORP. AWARDS TWO SCHOLARSHIPS
HOUSTON, TX - Marion Financial Corp. is pleased to announce that two high school seniors have each been awarded a $4,000 scholarship for the 2008 – 2009 academic years.
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JANET ESTEP NAMED AS NACHA'S NEXT CEO
HERNDON, Va. - The NACHA Board of Directors has selected Janet O. Estep, most recently an executive vice president with U.S. Bank, to succeed Elliott McEntee, who will retire as president and chief executive officer at the end of 2008.
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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.
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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.
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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.
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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.
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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.
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BANKING GIANT ANNOUNCES JOB CUTS IN PHOENIX AREA
JP Morgan-Chase has announced hundreds of job cuts from its metro Phoenix facilities.
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BANKS FACING WOES - $660B IN NEW LOSSES
Wall Street's banks and brokers aren't out of the woods yet, a former director of the Federal Reserve Board told The Post.
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CONFIDENCE IMPROVES AMID SIGNS CREDIT CRISIS EASING
Confidence in the global economy improved for the second consecutive month in May on signs the worst of the credit squeeze may be over, a survey of Bloomberg users on five continents showed.
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FINANCIAL SERVICES LOBBY OPPOSES US HOUSE CREDIT CARD BILL
Financial Services Roundtable President Steve Bartlett said Wednesday that legislation in the U.S. House of Representatives aimed at curbing credit card abuses was a "non-starter," and one provision could even exacerbate identity theft issues.
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CONSUMER CREDIT CRISI$ 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.
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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.
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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.
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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.
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COMMERCIAL COLLECTION AGENCY THRIVES USING SITE-PREMISED PREDICTIVE DIALING
Salt Lake City, UT - 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 | $4,010,295.00 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
$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
$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
$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
$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
$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
| | Agency | NETQUEST RECOVERY SERVICES, INC.
Randy Wade
877-300-9297
More Information
CBI-CREDIT BASE INTERNATIONAL SRL
01875361151
| | Consultants | PINNACLE ACQUISITIONS, LLC
480-285-9079
|
|
Industry Events
|
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 - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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