BANK OF AMERICA TOPS LIST FOR HOME-EQUITY LINE CUSTOMER SATISFACTION
Bank of America Corp. ranks highest in satisfying customers who recently obtained a home-equity product, according to J.D. Power and Associates 2008 Home Equity Line/Loan Origination Study.
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MORGAN STANLEY ANALYST RAISES RATING ON AIG
American International Group Inc. shares appear to have fallen too far, according to Morgan Stanley analyst Nigel Dally who on Friday raised his rating on the insurer's stock.
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FITCH JUNKS CIFG, WARNS OF POSSIBLE INSOLVENCY
Fitch Ratings became the latest ratings firm to cut the credit ratings on CIFG Holding Ltd.'s bond-insurance units into junk territory and said, if the company's loss provisions continue to grow, it could trigger an insolvency proceeding by regulators.
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HSBC FACES PAY ANGER BUT REASSURES OVER U.S. UNIT
LONDON (Reuters) - HSBC fought off investor anger on Friday over a pay plan that could see top executives share more than $230 million and dismissed claims its troubled U.S. unit was struggling to finance itself and should be sold.
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MANY CONSUMERS SPEND REBATES ON COST OF LIVING
Many Americans allowed themselves to fantasize about large-screen TVs, European vacations and other luxuries when they learned of the federal rebates they'd be getting this spring and early summer.
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CIT CHALLENGES MOODY'S DOWNGRADE
CIT Group is mad as hell and refuses to take its downgrade from Moody's Investors Service without a fight.
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$75 LIMIT ON CREDIT CARD CHARGES AT GAS PUMP CAUSES FRUSTRATION
LOS ANGELES - As if sky-high gasoline prices weren't frustrating enough, many owners of thirsty SUVs, pickups and motor homes who use a credit card at the pump are being blocked from getting a full tank.
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BOFA: TOP COUNTRYWIDE EXEC. WILL RETIRE
The season of change continues at Bank of America (BofA) with the banking giant announcing Thursday that David Sambol, president and chief operating officer of Countrywide Financial Corp., will be retiring after Barbara Desoer, BofA's chief technology and operations officer, successfully transitions into the role of president of consumer real estate operations once the two companies are combined.
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BEAR STEARNS SOLD; CAYNE FEELS 'REMORSE'
NEW YORK (Dow Jones) -- A majority of Bear Stearns Cos.' (BSC) shareholders approved the sale of the company to JPMorgan Chase & Co. (JPM) at a brief shareholder meeting Thursday.
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MASTERCARD SOARS TO HIGH
MasterCard(MA - Cramer's Take - Stockpickr) shares soared to an all-time high Thursday after the company offered a bullish near-term outlook, despite a slowdown in the U.S. economy.
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JPMORGAN, FIRST DATA DISSOLVING PAYMENTECH VENTURE
JPMorgan Chase and First Data have agreed to end their global payments and merchant acquiring joint venture, Chase Paymentech Solutions, by the end of 2008.
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DISNEY, CHASE RENEW MULTI-YEAR CREDIT CARD AGREEMENT, TO CONTINUE TRADITION OF REWARDS MAGIC
BURBANK, Calif. & WILMINGTON, Del. - Disney Credit Card Services, Inc., a wholly owned subsidiary of The Walt Disney Company (NYSE:DIS) and Chase Card Services, a division of JPMorgan Chase & Co. (NYSE:JPM), will continue their successful card alliance, renewing their co-brand card agreement for the Disney Rewards(R) Visa(R) Card from Chase.
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S&P PICKS AND PANS: FORD, UAL, US AIRWAYS, BEAR STEARNS, U.S. CELLULAR, COCA-COLA ENTERPRISES
In another sign of pressure on the domestic auto industry, Ford plans to cut about 10%-12% of its salaried employees, according to an unconfirmed report in the Detroit News. Unlike recent worker reductions in order to expedite the savings, this appears likely involuntary.
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REGIONAL BANK STOCKS TUMBLE AFTER KEYCORP. FORECASTS HIGHER CHARGE-OFFS IN 2008
NEW YORK (Thomson Financial) - Shares of regional banks dropped sharply Wednesday after KeyCorp. raised its full-year estimate for loan charge-offs, reigniting fears of more credit losses in the banking industry.
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FTC PERMANENTLY HALTS 'PRETEXTING' SCHEME; DEFENDANTS BARRED FROM OBTAINING OR SELLING CONSUMERS' PHONE RECORDS TO THIRD PARTIES
The Federal Trade Commission has put a permanent halt to an operation that allegedly obtained consumers' confidential phone records without their knowledge or consent and sold them to third parties.
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MEDICAL GROUP TO REFUND $70K
A Germantown clinic has agreed to refund patients $40 each as part of a settlement reached with the Maryland Attorney General's Office, which accused the practice of charging an illegal fee.
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JUDGE RULES AGAINST DELL IN FRAUD SUIT
A New York judge says Dell Inc. falsely advertised its promotional credit financing and warranty terms to customers. State Supreme Court Justice Joseph Teresi ruled Tuesday that Dell (NYSE: DELL) and an affiliate engaged in fraud, false advertising, deceptive business practices and abusive debt collection.
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FTC WRAPS UP LARGEST FRAUD CRACKDOWN IN ITS HISTORY
In the largest telemarketing fraud crackdown in history, authorities in the United States and Canada filed more than 180 criminal and civil actions against companies that allegedly used deceptive tactics to sell everything from extended car warranties to magazine subscriptions.
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AMERICAN EXPRESS CREDIT SELLS $1.75 BLN 5-YR NOTES
NEW YORK, (Reuters) - American Express Credit Corp, a unit of American Express Co (AXP.N: Quote, Profile, Research), on Wednesday sold $1.75 billion in five-year notes, said a market source familiar with the sale.
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SUBPRIME CRISIS COULD STILL GET WORSE: HSBC CHIEF EXECUTIVE
HONG KONG (AFP) - The chief executive of Europe's biggest bank said in Hong Kong on Tuesday that the industry's difficulties with products linked to subprime mortgages may not be over.
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CREDIT AGENCIES BEING INVESTIGATED OVER PRACTICES
America's three main credit rating agencies are being looked in to by the US Securities & Exchange Commission.
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INDYMAC SHARES FALL AS ANALYST CUTS ESTIMATES
NEW YORK - Shares of IndyMac Bancorp Inc. fell Tuesday morning as an analyst cut his earnings estimates and price target on the mortgage lender.
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PAYPAL ADDS DELTA AIR LINES TO LIST OF MERCHANTS
SAN JOSE, Calif.--(BUSINESS WIRE)--PayPal has added Delta Air Lines (NYSE:DAL) to its long list of merchants that accept PayPal payments for online sales.
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MYECHECK PARTNERS WITH EVERPAY MERCHANT SERVICES
SACRAMENTO, CA, (MARKET WIRE via COMTEX) ----MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive alternative payment solutions to credit cards for internet, intranet, mobile commerce and brick & mortar platforms, today announced an agreement with Everpay Merchant Services allowing Everpay customers to accept MyECheck as a form of online payment.
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SCOTIABANK TEAMS WITH BERKELEY PAYMENT SOLUTIONS TO LAUNCH VISA PRE-PAID CARD
Hugely popular in the United States, prepaid Visa card payment solutions benefit companies seeking proven cost-effective payment solutions that extend their company's brand and resonate with employees, customers, and partners.
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DEBT COLLECTION GETS A POLITE INDIAN TOUCH
Americans are used to receiving calls from India for insurance claims and credit card sales. But debt collection represents a growing business for outsourcing companies, especially as the U.S. economy slows and its consumers struggle to pay for their purchases.
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MRS ANNOUNCES NEW PROBATE MANAGER
Nationwide Outsourcing Company Hires Christie Nicholson to Head Its Probate
Division
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BILL ME LATER PONDERS STOCK OFFERING
Bill Me Later Inc. plans to add as many as 250 local workers and is also growing nationally as it moves toward a public offering with the financial backing of undisclosed local partners, its CEO said.
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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 | $260,000.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?558
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,900,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?557
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$8,600,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?556
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$468,900.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?555
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$3,073,947.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?554
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$12,975,869.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?553
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$8,473,836.00 Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?552
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?551
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,818,974.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?550
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$2,608,684.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?549
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
| | Contact Solutions/Dialers | SOUNDBITE COMMUNICATIONS
888-465-7635
| | Debt Buyers | OLIPHANT FINANCIAL, LLC
Melody A. Cuff
888-632-5111
More Information
PARK FINANCE
469-484-5802
| | Debt Sellers | OLIPHANT FINANCIAL, LLC
Melody A. Cuff
888-632-5111
More Information
| | Legal Networks/Services | WINDSOR GROUP
469-484-5802
SEARCH-NET MANAGEMENT
212-447-5913
| | Risk Management/Metrics | MAXIMUM RECOVERY
Teresa Schumann
888-881-0048
More Information
| | Software | SOUNDBITE COMMUNICATIONS
Debbie Braunert
888-465-7635
More Information
|
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Industry Events
|
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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- Evaluating the viability of a sale.
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Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
Check us out at: http://www.debtmarketplace.com/
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THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235
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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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