FTC CHARGES HOME BUYING CONSULTING BUSINESS WITH CREDIT REPAIR VIOLATIONS
A home-buying consulting business that offers credit repair and home-buying consulting services has agreed to settle with the Federal Trade Commission for alleged federal law violations, including illegally charging an advance fee for credit repair and falsely claiming that they can remove negative information from consumers' credit reports, even if the information is accurate and timely.
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DIRECTV COLLECTIONS MISTAKE CORRECTED FOR 300 W.VA. CUSTOMERS
CHARLESTON, W.Va. - Nearly 300 West Virginia customers of DirecTV had $58,000 worth of debts erased as part of a settlement between the state Attorney General's office and a Utah collection agency.
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DEBT FINANCING FOR CLEAR CHANNEL MERGER DEAL IS NOW IN THE PIPELINE
The bank syndicate providing the debt financing for the amended merger agreement between Clear Channel Communications Inc. and a private equity group has now fully funded the debt financing related to the $17.9 billion merger.
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CONN. GOVERNOR ORDERS SUBPOENAS TO 2 MORE BANKS
HARTFORD, Conn. (AP) - Connecticut Gov. M. Jodi Rell on Friday ordered state consumer protection officials to issue two more subpoenas in connection with the loss of bank customer data of millions of customers that was being transported by the Bank of New York Mellon Corp.
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BANK OF AMERICA FACES SUIT OVER AUCTION-RATE SECURITIES
A California law firm has filed a class action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp. and its subsidiaries.
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TOYOTA'S CREDIT CARD ON THE WAY
Toyota Motor Corp. will launch a Toyota-branded credit card in the United States in October, the latest entry into the crowded automotive affinity card market.
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UBS SELLS SUBPRIME ASSETS TO BLACKROCK
Swiss bank UBS AG said Wednesday it sold subprime and other mortgage-based securities to a newly created investment fund run by U.S. asset manager BlackRock Inc. for $15 billion.
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ASIC FORCES GE MONEY TO CHANGE LENDING, INSURANCE PRACTICES
LENDING giant GE Money has been stung by the corporate watchdog for harassing people over debts and insurance.
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DEBT ADVISOR CALLS FOR DISCLAIMERS IN CREDIT CARD ADVERTISEMENTS
Credit card advertisements are sending the wrong message to the American consumer, says True Debt Advisor. Like tobacco and alcohol advertisements, standards of disclaimers for credit card advertisements must be enacted to help relieve the American debt burden.
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EXPERIAN LAUNCHES BUSINESS CREDIT MONITORING SYSTEM
Costa Mesa, Calif., - Experian®, a global information services company, today announced the launch of Account Monitoring ServiceSM, its comprehensive business credit monitoring system that provides relevant and actionable alerts, enabling clients to minimize risk and maximize customer relationships.
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CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS; PROVIDES OUTLOOK FOR SECOND QUARTER OF FISCAL 2009
BENSALEM, Pa., - Charming Shoppes, Inc. (Nasdaq: CHRS) a leading multi-brand, multi-channel specialty apparel retailer specializing in women's plus-size apparel, today reported sales and operating results for the first quarter ended May 3, 2008. The Company today also provided its initial earnings outlook for the second fiscal quarter ending August 2, 2008.
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FTC TESTIFIES BEFORE U.S. HOUSE SUBCOMMITTEE ON PROGRESS
The Federal Trade Commission today provided Congress with an update on the progress of its study on the use of credit-based insurance scores in homeowners insurance.
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MCGRAW SETTLES CASE AGAINST COLLECTION AGENCY
Attorney General Darrell McGraw said an investigation of a company collecting DIRECTV accounts has resulted in the cancellation of more than $58,000 in debt allegedly owed by 292 West Virginia consumers.
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FITCH RATES CAPITAL ONE'S CREDIT CARD SELLER/SERVICER 'PROFICIENT PLUS'
NEW YORK - Fitch Ratings has assigned Capital One Bank (USA), National Association (Capital One) a Credit Card Seller/Servicer Rating of 'Proficient Plus'. The rating is based on the company's experienced management team, strong brand awareness, quality controls and vendor management, which is necessitated by its high level of outsourcing.
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CREDIT CARD COMPANIES CONTINUE TO PROSPER
Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) are two companies that can help you profit from the economic downturn. Credit card companies have rallied nearly 20% from their lows of the year, but remain relatively undervalued considering their strong growth and profitability. As a result, this sector may be one worth watching over the next few months.
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DISCOVER SAYS LATE PAYMENTS WILL INCREASE THIS YEAR
Discover Financial Services, the credit-card company that said first-quarter profit fell 65 percent, forecast that late payments will increase this year and probably peak at less than 6 percent.
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FINANCIAL PLANNING: PROPOSAL LIMITS FEES ON CREDIT CARDS
Federal regulators have proposed restricting the ability of credit card issuers to sharply raise interest rates and fees.
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CHASE CONTINUES TO EMPOWER CONSUMERS TO IMPROVE THEIR FINANCIAL SUCCESS BY OFFERING 'CLEAR & SIMPLE' TOOLKIT IN SPANISH
Chase 'Claro y Simple' Initiative Leads the Industry in Providing Consumers Choice and Control in Managing their Personal Finances
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TARGET FIRST-QUARTER PROFIT DROPS, CITES HIGHER COSTS
MINNEAPOLIS - Profits dropped almost 8 percent at Target on softer-than-expected sales and higher costs, but the discount retailer still beat Wall Street earnings estimate for its first quarter.
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ADVANTA SELLS $247M IN CREDIT CARD DEBT
Advanta Corp. found buyers in the bond market for $247 million in business credit card loans, the credit card lender said Monday.
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SOUNDBITE COMMUNICATIONS ANNOUNCES THE INTELLIGENT COMMUNICATIONS PLATFORM ENABLING INTEGRATED MULTI-CHANNEL CAMPAIGN STRATEGIES
SoundBite Communications, Inc. (NASDAQ: SDBT) today announced the upcoming release of the SoundBite Intelligent Communications Platform, an integrated, multi-channel solution that will offer automated voice, text and email messaging through an easy-to-use web interface.
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ASTA FUNDING SWINGS TO 2Q NET LOSS
Asta Funding Inc. late Monday said it swung to a second-quarter net loss of $7.71 million, or 54 cents a share, from net earnings of $12.6 million, or 85 cents a share, in the year-ago period.
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AG SETTLES DEBT COLLECTION ACTIONS
BUFFALO-The state Attorney General's office has obtained settlements with a Nebraska-based debt collection agency and an Amherst business owner who wrongfully attempted to collect money he wasn't entitled to from hundreds of Western New York consumers.
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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 | $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
$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
$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
$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
$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
$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
$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 | ADVANTIS
877-226-6701
| | Attorney | LAW OFFICES OF KYRON JOHNSON & ASSOCIATES
310-275-5600
| | Debt Buyers | REVCO CAPITAL
877-226-6701
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Industry Events
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National Automotive Finance Assoc. Annual Non-Prime Auto Lending Conference
NAF Association
Renaissance Worthington Hotel
Fort Worth, Texas
June 4 - 6, 2008
More Information
2008 Collections Conference
Consumer Bankers Association
Hyatt Regency at Gainey Ranch
Scottsdale, AZ
June 4 - 6, 2008
More Information
Buyer / Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
June 5 - 6, 2008
More Information
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This report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including...
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Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
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| At A Glance - Wednesday, August 27, 2008 |
| At A Glance - Friday, August 22, 2008 |
| At A Glance - Wednesday, August 20, 2008 |
| At A Glance - Friday, August 15, 2008 |
| At A Glance - Wednesday, August 13, 2008 |
| At A Glance - Friday, August 08, 2008 |
| At A Glance - Wednesday, August 06, 2008 |
| At A Glance - Friday, August 01, 2008 |
| At A Glance - Wednesday, July 30, 2008 |
| At A Glance - Friday, July 25, 2008 |
| At A Glance - Wednesday, July 23, 2008 |
| At A Glance - Friday, July 18, 2008 |
| At A Glance - Wednesday, July 16, 2008 |
| At A Glance - Friday, July 11, 2008 |
| At A Glance - Wednesday, July 09, 2008 |
| At A Glance - Wednesday, July 02, 2008 |
| At A Glance - Friday, June 27, 2008 |
| At A Glance - Wednesday, June 25, 2008 |
| At A Glance - Friday, June 20, 2008 |
| At A Glance - Wednesday, June 18, 2008 |
| At A Glance - Friday, June 13, 2008 |
| At A Glance - Wednesday, June 11, 2008 |
| At A Glance - Friday, June 06, 2008 |
| At A Glance - Wednesday, June 04, 2008 |
| At A Glance - Friday, May 30, 2008 |
| At A Glance - Wednesday, May 28, 2008 |
| At A Glance - Friday, May 23, 2008 |
| At A Glance - Wednesday, May 21, 2008 |
| At A Glance - Friday, May 16, 2008 |
| At A Glance - Wednesday, May 14, 2008 |
| At A Glance - Friday, May 09, 2008 |
| At A Glance - Wednesday, May 07, 2008 |
| At A Glance - Friday, May 02, 2008 |
| At A Glance - Wednesday, April 30, 2008 |
| At A Glance - Friday, April 25, 2008 |
| At A Glance - Wednesday, April 23, 2008 |
| At A Glance - Friday, April 18, 2008 |
| At A Glance - Wednesday, April 16, 2008 |
| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
| At A Glance - Friday, April 04, 2008 |
| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
| At A Glance - Friday, March 21, 2008 |
| At A Glance - Wednesday, March 19, 2008 |
| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| 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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