VANTAGEILM TO INTEGRATE GLOBAL DEBT NETWORK AUTOMOTIVE PORTFOLIO AUCTION PLATFORM
PASADENA, Calif., - VantageILM Inc. (www.vantageilm.com), a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, today announced a joint partnership with Global Debt Network, Inc. to offer GDNAuto, an Internet-based marketplace where dealers and financial institutions can sell and buy portfolios of seasoned auto loans.
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CONSERVATION INTERNATIONAL AWARDED $1 MILLION GRANT FROM BANK OF AMERICA CHARITABLE FOUNDATION
CHARLOTTE, N.C. - The Bank of America Charitable Foundation last night announced a $1 million grant to Conservation International's Center for Environmental Leadership in Business (CELB) to promote private-sector environmental stewardship. The grant - awarded at Conservation International's 11th Annual New York Dinner - is part of Bank of America's $20 billion, 10-year environmental initiative to reduce climate change through lending, investing, the creation of new products and services, philanthropy and operations.
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OCC SURVEY FINDS BANK UNDERWRITING STANDARDS TIGHTEN
WASHINGTON - The Office of the Comptroller of the Currency released today its 14th annual Survey of Credit Underwriting Practices and reported that commercial and retail underwriting standards tightened after four consecutive years of eased underwriting standards.
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WELLS FARGO TO ACQUIRE OPERATIONS OF TRANSCAP ASSOCIATES
Wells Fargo Business Credit - a unit of Wells Fargo & Company (NYSE:WFC) - said today that its Factoring division has signed a definitive agreement to acquire operations of Transcap Associates, Inc. The operations to be acquired are the wholly-owned subsidiaries Transcap Manufacturing Services, Inc., and Transcap Trade Finance LLC (collectively "Transcap"). Terms of the acquisition were not disclosed.
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HEARTLAND SUED OVER DEBT COLLECTIONS
A lawsuit has been filed in U.S. District Court against Heartland Health for alleged deceptive debt-collecting practices.
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73,000 HOMES LOST TO FORECLOSURE IN MAY
NEW YORK - The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007.
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FORECLOSURES PLUNGE IN MARYLAND, VIRGINIA, RISE IN D.C.
WASHINGTON - Nationwide, foreclosures surged more than 7 percent in May, but foreclosures dropped dramatically in Maryland and Virginia after a spike in both states the month before.
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CHASE, CONTINENTAL AIRLINES RENEW MULTI-YEAR CARD AGREEMENT
Chase (NYSE:JPM) and Continental Airlines (NYSE:CAL) today announced the renewal of their popular Continental Airlines co-branded credit card program, which offers various cards that provide exceptional travel benefits to cardmembers.
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GOVERNOR RANDALL S. KROSZNER PROTECTING CONSUMERS IN THE CREDIT MARKETPLACE
I am delighted to be here today to help open this important conference. I thank my hosts, President Pianalto and her staff at the Federal Reserve Bank of Cleveland, for the invitation. This year's conference explores a confluence of consumer-related finance issues in the context of the current difficulties in the mortgage markets. In my remarks today, I would like to discuss the key role of consumer credit in our economy and describe how information disclosure and protecting consumers can work to facilitate and promote the efficient functioning of markets for such credit.
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U OF U MEDICAL RECORDS STOLEN, 2.2 MILLION PATIENTS' DATA AT RISK
University of Utah Hospital and Clinics patients are bracing for the unknown as police and prosecutors investigate the theft of 2.2 million billing records filled with personal information.
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DISCOVER FINANCIAL SERVICES ANNOUNCES SECOND QUARTER 2008 EARNINGS RELEASE AND CONFERENCE CALL
RIVERWOODS, Ill. - Discover Financial Services (NYSE: DFS) plans to report its second quarter 2008 results before the market opens on Thursday, June 26, 2008. The earnings release will be available on Discover's corporate Web site at www.discoverfinancial.com.
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RISING UNEMPLOYMENT POSES PRIME THREAT TO CONSUMER FINANCE
NEW YORK - For consumer-lending companies, subprime borrowers are the big concern today. But as the economy continues to weaken, unemployment may surpass subprime as a problem, as it takes a toll on even the most credit-worthy borrowers.
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TSYS SIGNS MULTI-YEAR AGREEMENT WITH GLOBALCARD OF MEXICO
Columbus, Ga. - TSYS announced today that it has signed a payments processing agreement with Globalcard for the launch of its consumer card portfolio. Under terms of the agreement, TSYS will provide account processing services, risk management, portfolio management and reporting tools to Globalcard, a Mexican-based credit card company.
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THORNBURG MORTGAGE REPORTS 1Q RESULTS
SANTA FE, N.M. - Thornburg Mortgage, Inc. (NYSE:TMA), today reported a net loss before preferred stock dividends for the quarter ended March 31, 2008 of $3.306 billion, or a loss of $20.64 per common share, as compared to net income of $75.0 million, or $0.62 per common share, for the same period in the prior year.
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EQUIFAX AND FAIR ISAAC ENTER PARTNERSHIP TO ACCELERATE DEVELOPMENT AND DELIVERY OF NEW ANALYTIC SOLUTIONS
Equifax Inc. (NYSE: EFX) and Fair Isaac Corp. (NYSE: FIC) announced today that they have established a partnership to develop and sell advanced analytics and scoring solutions for businesses and consumers. Under the agreement, the two companies will leverage Equifax's consumer credit data and Fair Isaac's scoring technology, and will jointly market and sell new FICOŽ analytic products.
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FRANK ANNOUNCES HEARINGS ON FINANCIAL MARKET REGULATORY RESTRUCTURING
Washington, DC - House Financial Services Committee Chairman Barney Frank today announced that the committee will hold a series of hearings on the policy implications of the transformation of domestic and international financial markets -- chief among them are the dramatic growth in the share of assets held outside the commercial banking system, the complex arrangements that link firms that are regulated differently (or not at all) and the increasing amount of leverage.
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BANK OF AMERICA REACHES ONE MILLION ACTIVE MOBILE BANKING CUSTOMERS
CHARLOTTE, N.C. - Bank of America, the nation's leading provider of Online and Mobile Banking services, today announced that it has surpassed one million unique active Mobile Banking customers.
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NEW FORD FOUNDATION GRANT SUPPORTS EFFORT TO REDUCE MORTGAGE FORECLOSURES NATIONWIDE
NEW YORK - New technology that allows credit counselors to significantly speed up loan modifications and other solutions for homeowners caught in the nation's mortgage crisis has spurred a $2 million investment from the Ford Foundation.
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MORE AND MORE BANKS ARE SLASHING THEIR DIVIDENDS OR ANNOUNCING NEW SUBPRIME BOMBSHELLS. BUT SOME BANKS ARE HOLDING UP JUST FINE.
NEW YORK (CNNMoney.com) -- There aren't many reasons to own financial stocks these days. Many of the big brokerages on Wall Street as well as large regional banks and savings and loans are reporting huge losses and slashing their dividends.
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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, 2008. 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, June 10 (Reuters) - 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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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.
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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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| 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
| | Attorney | FEIN, SUCH, KAHN & SHEPARD, P.C.
973-538-4700
| | Debt Buyers | OLIPHANT FINANCIAL, LLC
Melody A. Cuff
888-632-5111
More Information
GLOBAL DEBT NETWORK, INC.
Mike Sheridan
866-559-4339
More Information
ASSET ACQUISITION GROUP
303-694-0031
| | Legal Networks/Services | BREVARD PROCESS SERVERS, INC.
321-751-4840
| | Scoring/Scrubbing | EQUIFAX INC
716-775-0626
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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 - Wednesday, December 03, 2008 |
| At A Glance - Friday, November 28, 2008 |
| At A Glance - Wednesday, November 26, 2008 |
| At A Glance - Thursday, November 20, 2008 |
| At A Glance - Wednesday, November 19, 2008 |
| At A Glance - Friday, November 14, 2008 |
| At A Glance - Wednesday, November 12, 2008 |
| At A Glance - Friday, November 07, 2008 |
| At A Glance - Wednesday, November 05, 2008 |
| At A Glance - Wednesday, October 29, 2008 |
| At A Glance - Friday, October 24, 2008 |
| At A Glance - Wednesday, October 22, 2008 |
| At A Glance - Friday, October 17, 2008 |
| At A Glance - Wednesday, October 15, 2008 |
| At A Glance - Friday, October 10, 2008 |
| At A Glance - Wednesday, October 08, 2008 |
| 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 |
| 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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