ABSOLUTE RESOLUTIONS CORP. HAS DONATED A 2008 PONTIAC SOLSTICE TO BE RAFFLED OFF AT THE CONFERENCE
Mike Bendickson and Absolute Resolutions Corp. have donated a 2008 Pontiac Solstice for the charity event at Debt Connection Symposium & Expo 2008 conference to be held at the San Diego Marriott Hotel and Marina on September 4, 2007. The car will be raffled off during the conference, with the proceeds benefiting Rady Children's Hospital of San Diego and Children's Hospital of Orange County.
Participate in the Charity Event of the Year! Donations are now being accepted for DCS2008 Charity Auction. For more information please visit the Debt Connection Symposium & Expo website at http://www.dcs2008.com/charity_auction.html.
Industry support for the Black Tie Charity event has continued to grow, the conference website shows a list of the items generously donated to date, with the source of the donation.
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CENTERBRIDGE PARTNERS BOSS INVESTS BILLIONS BUYING DEBT
NEW YORK - Private equity firm Centerbridge Partners founder Jeffrey Aronson said on Tuesday that he had been investing billions of dollars in the last few months buying assets from banks such as loans and high yield bonds.
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CREDIT CARD CO.'S TAKING ADVANTAGE OF HARD TIMES
Another sign the economy has hit hard times as more and more people are relying on credit cards to survive. But be warned. CBS4 I-Team Consumer Investigator Al Sunshine has discovered some credit card companies are taking advantage of their customers.
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REPORTS EXAMINE CAUSES, VICTIMS OF DATA BREACHES
On Wednesday, Verizon Business released a four-year study concluding that 9 out of 10 corporate data breaches could have been prevented, had appropriate security measures been taken. The Verizon report includes the results of more than 5,000 forensic investigations, including three of the largest data breaches ever reported.
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MEDIANET GROUP'S BSP REWARDS SELECTED TO BUILD PRIVATE BRANDED MALL FOR RAPID! FINANCIAL SERVICES
MediaNet Group Technologies, Inc. (OTCBB: MEDG), the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has been selected to build a private branded web mall for rapid! Financial Services. rapid! Financial Services is a leading provider of financial products and services that enables customers to have fast, flexible and inexpensive access to money through pre-paid debit cards.
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BANK OF AMERICA CEO LEWIS DEFENDS DIVIDEND: OPPENHEIMER
NEW YORK -(Dow Jones)- Bank of America Corp. (BAC) Chief Executive Ken Lewis stood behind the banking giant's hefty dividend in a meeting with analysts Tuesday evening and expressed confidence in the company's capital levels.
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TSYS CONTINUES GLOBAL GROWTH WITH GLOBALCARD DEAL
TSYS will provide payments processing for Globalcard of Mexico's consumer credit card portfolio.
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HSBC MAY WITHDRAW OFFER FOR STAKE IN KOREA EXCHANGE BANK
TAIPEI -- HSBC Holdings PLC may reconsider buying a controlling stake in Korea Exchange Bank for $6.3 billion if regulatory approval still isn't forthcoming by the deal's latest deadline of the end of July, Sandy Flockhart, the U.K.-based banking giant's Asia-Pacific managing director, said Wednesday.
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HACKERS TAKE CREDIT CARD DETAILS FROM COTTON TRADERS SITE
Hackers have gained access to the details of thousands of credit cards used to buy clothing from the Cotton Traders website.
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FTC SUES SUBPRIME CREDIT CARD MARKETING COMPANY AND DEBT COLLECTOR FOR DECEPTIVE CREDIT CARD MARKETING
The Federal Trade Commission today announced the filing of a lawsuit charging CompuCredit Corporation and its wholly-owned debt collection subsidiary, Jefferson Capital Systems, LLC, with deceptive marketing practices in selling credit cards to consumers in the subprime market.
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WEST ASSET MANAGEMENT, INC. SELECTS PSC INFO GROUP AS STRATEGIC PRINT AND MAIL PARTNER
VALLEY FORGE, Pa. - PSC Info Group, an industry-leading provider of time-sensitive document delivery solutions to the Accounts Receivable Management marketplace, has been selected by West Asset Management, Inc. as a key strategic partner to enhance the company's ability to help companies maximize return on receivables across multiple phases of the recovery cycle.
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AGENCY TO INCREASE BROADCAST MESSAGING TO 30,000 A DAY
Salt Lake City, UT - A dialing technology upgrade from an old dialer and hosted broadcast messaging to a new IAT site-premised solution will allow Southern Credit Adjusters to increase productivity to more than 30,000 outbound messages daily with link-back capability for the debtors and collectors. (PDF)
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FTC PRESS CONFERENCE WILL ANNOUNCE LAWSUIT CHALLENGING SUBPRIME CREDIT CARD MARKETING COMPANY AND DEBT COLLECTOR
The Federal Trade Commission will announce a law enforcement action today, charging a credit card marketer and a debt collection company with using deceptive marketing practices and abusive debt collection tactics affecting consumers in the subprime market. The announcement will be made during a joint press conference with the Federal Deposit Insurance Corporation (FDIC); the FDIC will announce administrative charges against the credit card marketer and banks that issued credit cards marketed by the company.
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WHEN IT'S BANKS VS. CONSUMERS, GUESS WHO WINS
What if a judge solicited cases from big corporations by offering them a business-friendly venue in which to pursue consumers who are behind on their bills? What if the judge tried to make this pitch more appealing by teaming up with the corporations' outside lawyers? And what if the same corporations helped pay the judge's salary?
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COMPUCREDIT TARGET OF FDIC, FTC PROBES -WSJ
NEW YORK - Regulators are expected to seek more than $100 million in fines and restitution against CompuCredit Corp (CCRT.O: Quote, Profile, Research) and affiliate banks related to credit-card marketing and debt-collection practices, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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ANOTHER BEAR STEARNS EXEC JOINS BOFA
With Bear Stearns Cos. on its way to disappearing, Bank of America Corp. is picking off some of its senior talent.
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DISCOVER IS SEEKING $6 BILLION FROM RIVALS
Discover Financial Services wants roughly $6 billion in damages from its larger rivals Visa and MasterCard in a long-running antitrust lawsuit, court documents made public on Monday show.
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DEBT RESOLVE, UPON PROOF OF FUNDS, GRANTS HARMONIE EXTENSION TO COMPLETE $7 MILLION FUNDING BY JUNE 20, 2008 DEBT RESOLVE RECEIVES AMEX NOTICE OF INTENT TO FILE DELISTING APPLICATION
WHITE PLAINS, N.Y. - Debt Resolve, Inc. ("Debt Resolve") (Amex: DRV) announced today that, after receiving proof of funds, the Company granted Harmonie International LLC ("Harmonie") an extension until June 20th to fulfill its commitment to invest $7 million in the Company.
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WHITNEY HOLDING TO ACQUIRE COVINGTON'S PARISH NATIONAL CORP.
Whitney Holding Corp. of New Orleans has agreed to acquire Parish National Corp. of Covington for $165 million in cash and stock.
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CITI, MERRILL, UBS FACE MONOLINE LOSSES, WHITNEY SAYS
Citigroup Inc., Merrill Lynch & Co. and UBS AG may post losses of $10 billion on bond insurance after MBIA Inc. and Ambac Financial Group Inc. lost their top credit ratings, Oppenheimer & Co. analyst Meredith Whitney said.
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LEHMAN RAISING $6 BILLION IN CAPITAL, EXPECTS $2.8 BILLION LOSS
NEW YORK (AP) - Lehman Brothers Holdings Inc. on Monday said it will raise $6 billion in new capital to shore up its balance sheet after saying it expects to post an unexpectedly large second-quarter loss of nearly $3 billion.
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GIANT CALIF. LAND PARTNERSHIP FILES FOR CHAPTER 11
A 15,000-acre California real estate partnership that has the nation's largest public employees pension fund as a big investor has filed for Chapter 11 bankruptcy protection.
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CIT GROUP RISES ON $3 BILLION GOLDMAN SACHS FINANCING
CIT Group Inc., the commercial lender that tapped emergency credit lines this year when cash ran short, rose as much as 15 percent in New York trading after Goldman Sachs Group Inc. provided $3 billion in financing.
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BANKRUPTCIES NOT A CURE-ALL
It's an epidemic. An astounding 91,214 Americans declared bankruptcy in May -- up 31 percent from a year ago.
read more
CONSUMER DEBT JUMPS $8.9 BILLION
Americans' personal debt jumped to a more-than-expected $2.6 trillion in April, according to a report from the Federal Reserve released Friday.
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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 | $1,222,439.00 Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?562
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$12,536,953.00 Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?561
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
| | Agency | NETQUEST RECOVERY SERVICES, INC.
Russel French
877-300-9297
More Information
PROFESSIONAL RECOVERY CONSULTANTS
800-868-7724
SOUTHERN CREDIT ADJUSTERS, INC
252-977-0125
| | Debt Buyers | ASSET ACQUISITION GROUP
303-694-0031
INTELLISOURZE
718-831-7157
| | Legal Networks/Services | BREVARD PROCESS SERVERS, INC.
321-751-4840
| | Skip Tracing | THE HYATT GROUP
863-868-5201
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Industry Events
|
DBA International Executive Retreat
DBA International
Charleston Place
Charleston, South Carolina
June 17 - 19, 2008
More Information
HFMA's 2008 ANI: The Healthcare Finance Conference
Healthcare Financial Management Association Annual National Institute
Mandalay Bay Resort and Casino
Las Vegas, Nevada
June 23 - 26, 2008
More Information
America's Credit Union Conference & Expo
Credit Union National Association
Hilton New York
New York, NY
June 29 - July 2, 2008
More Information
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| At A Glance - Friday, June 27, 2008 |
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| At A Glance - Friday, June 20, 2008 |
| At A Glance - Wednesday, June 18, 2008 |
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| At A Glance - Wednesday, June 11, 2008 |
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| At A Glance - Friday, May 30, 2008 |
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| At A Glance - Friday, May 09, 2008 |
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| 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 |
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| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
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| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
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| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
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| 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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