INDUSTRY CHOICE AWARDS NOMINATIONS BEGIN
Hollywood has the People's Choice Awards, now the Collection and
Recovery Industry has their Industry Choice Tribute Awards! Being recognized by your peers as
a superior performer is one of the best compliments you can receive. Three company awards, and
three individual awards will be presented at the Debt Connection Symposium & Expo® 2008
Charity & Awards Gala to be held September 4, 2008 at the San Diego Marriott Hotel and
Marina. Individual Awards will be presented to: Debt Buyer of the Year 2008, Debt Seller of the
Year 2008, and Recovery Manager of the Year 2008. Companies will vie for Agency of the Year
2008, Attorney of the Year 2008 and Industry Vendor of the Year 2008.
read more
eBUREAU AND DATAMARK FORM
PARTNERSHIP TO DRAMATICALLY
ST. CLOUD, Minn. and SALT LAKE CITY, Utah - June 17,
2008 - eBureau, an innovative
provider of custom predictive scoring and information solutions, and Datamark, Inc., the nation's
leading
direct response advertising agency for colleges, universities, and proprietary post-
secondary academic
institutions, today announced they have formed a strategic partnership
that will result in utilizing
eBureau's predictive modeling to accurately evaluate, in real time,
the quality of every online lead that
Datamark purchases on behalf of its education
clients.
read more
TRANSUNION.COM QUARTERLY
CREDIT CARD ANALYSIS REVEALS THAT NATIONAL CREDIT CARD DEBT AND
LOAN DELINQUENCIES DROP FOR FIRST TIME SINCE BEGINNING OF
2007
CHICAGO, June 18 /PRNewswire/ --
TransUnion.com released today the results of its analysis of trends in the credit card lending
industry for the first quarter of 2008. The report is part of an ongoing series of quarterly
consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may
be found on TransUnion's Web site.
read
more
FEDERAL RESERVE ANNOUNCES
LAUNCH OF NATIONAL MINORITY-OWNED BANK PROGRAM
The Federal Reserve System today announced the nationwide launch of
Partnership for Progress, an innovative outreach and technical assistance program for minority-
owned and de novo institutions. The program seeks to help these institutions confront their
unique challenges, cultivate safe and sound practices, and compete more effectively in today's
marketplace through a combination of one-on-one guidance, workshops, and an extensive
interactive web-based resource and information center
(http://www.fedpartnership.gov/).
read more
HOW RISING HOME VALUES, EASY
CREDIT PUT YOUR FINANCES AT RISK
At the
peak of the housing boom, April Lewis-Parks' three-bedroom house in Fort Lauderdale doubled
in value. To her surprise, her credit card limits soared even more.
read more
BANKS RAISE PENALTY FEES FOR
CUSTOMERS' OVERDRAFTS
As the economy
weakens, banks are increasingly squeezing customers who overdraw their bank
accounts.
read more
REPORT: FEDS NEED BETTER PRIVACY
PROTECTION FOR DATA
WASHINGTON - The government does not have adequate
privacy protections for the personal information it collects, shares and stores as part of the effort
to fight terrorism, according to a new report by a U.S. watchdog agency.
read more
PORTFOLIO RECOVERY ASSOCIATES
TO PRESENT AT WILLIAM BLAIR GROWTH STOCK CONFERENCE
NORFOLK, VA, Jun 17, 2008 (MARKET WIRE via COMTEX
News Network) -- Portfolio Recovery Associates, Inc., a leading provider of outsourced
receivables management, announced today that Steve Fredrickson, CEO, and Kevin Stevenson,
CFO, will be making a presentation to the investment community at the William Blair Growth
Stock Conference to be held in Chicago, IL on Wednesday, June 18, 2008. During the course of
this event, Portfolio Recovery Associates may disclose material developments affecting its
business and/or financial performance.
read more
DUFF PRAISES IDENTITY THEFT
PREVENTION MEASURE
Legislation signed into
law this week will help prevent identity theft in the state of Connecticut by limiting the
collection of Social Security numbers, a move that state Senator Bob Duff (D-Norwalk), today
praised.
read more
AWARD-WINNING RECOVERCORP TO
OPEN NEW CALL CENTRE IN PICKERING
Pickering, ON, June 12, 2008 - Fresh off its national ranking in PROFIT magazines'
PROFIT 100 list of Canada's Fastest Growing Companies, Pickering-based RecoverCorp will
reinforce this well deserved recognition by unveiling the expansion of its new call
centre.
read more
BANKRUPTCY RISING AMONG
SENIORS
Swamped by debt and rising medical bills,
elderly Americans have been seeking bankruptcy-court protection at sharply faster rates than
other adults, a study to be released Tuesday indicates.
read more
FTC HALTS CROSS BORDER CON
ARTISTS
A U.S. District Court Judge has ordered a
halt to the illegal practices of Canadian operators who deceptively posed as domain name
registrars and sent bogus bills to thousands of U.S. small businesses and nonprofit organizations
for their annual "WEBSITE ADDRESS LISTING." Many of the businesses and nonprofits
believed they would lose their Web site addresses unless they paid the bill, so they paid. The
Federal Trade Commission alleged that in most cases the defendants did not provide domain
registration services, did not provide the "search optimization" services it claimed to provide, and
bilked small businesses and nonprofits out of millions of dollars.
read more
LENDERS PLEDGE MORE HELP FOR
HOMEOWNERS
Hope Now, the alliance of lenders,
mortgage servicers, investors and community advocacy groups put together to fight the
foreclosure epidemic, announced new guidelines Tuesday that should help speed up the process
of helping borrowers who are trying to hang onto their homes.
read more
HSBC CREDIT CARD CENTER CLOSING
WITH LOSS OF 240 JOBS
A Northside credit card
services center will close its doors by August, leaving 240 employees without work. HSBC
Finance Corp. Card & Retail Services management began speaking with workers at the center
"recently," said Cindy Savio, spokeswoman for parent company HSBC North America Holdings
Inc.
read more
CONVERGYS HONORED BY AT&T AS
OUTSTANDING SUPPLIER
(Cincinnati; June 16,
2008) - Commitment to excellence over the past year has earned Convergys Corporation (NYSE:
CVG) recognition as an outstanding supplier to affiliates of AT&T Inc. (NYSE: T), one of the
world's leading data, voice, wireless, and Internet services providers.
read more
FDIC CELEBRATES 75 YEARS AS
PILLAR OF AMERICAN BANKING SYSTEM
Washington, D.C. - Seventy-five years after President Franklin Delano Roosevelt
signed legislation creating the Federal Deposit Insurance Corporation, the FDIC continues to
safeguard the money of consumers throughout America in FDIC-insured
accounts.
read more
FTC STAFF FILES COMMENTS WITH
HUD ON PROPOSED AMENDMENTS TO RESPA REGULATIONS
The Federal Trade Commission has authorized its staff to file comments
with the U.S. Department of Housing and Urban Development (HUD) concerning proposed
amendments to regulations implementing the Real Estate Settlement Procedures Act
(RESPA).
read more
NIXON OBTAINS $450,000 CONSENT
JUDGMENT AGAINST POLICE PROTECTIVE FUND FOR TELEMARKETING
HARASSMENT OF MISSOURIANS
St. Louis, Mo.
- A fundraising telemarketer that continued to make solicitations to Missourians even after being
told by consumers to stop will pay $450,000 to the State of Missouri under a consent judgment
obtained today by Attorney General Jay Nixon. Police Protective Fund (PPF) also must not
contact Missourians on the state No Call list for a period of two years, under the order approved
today by St. Louis City Circuit Judge Edward Sweeney. PPF is incorporated in North Carolina
and has offices in California, Texas and Florida.
read more
NIXON OBTAINS TEMPORARY
RESTRAINING ORDER AGAINST GEORGIA BUSINESSES OVER NO CALL
VIOLATIONS
St. Louis, Mo. - Attorney General Jay
Nixon today obtained a temporary restraining order against two Georgia businesses and their
owners for violating Missouri's No Call law. The court order against Versadebt Corporation and
its owner Marvin Cox of Atlanta, and Debtsafe Inc. and its owner Jonathan Blake Curtis of
Athens, Ga., was signed today by Judge Edward Sweeney in St. Louis City Circuit
Court.
read more
GMAC RESCAP NAMES THOMAS
NEARY TO SENIOR MANAGEMENT TEAM
MINNEAPOLIS - Residential Capital, LLC (ResCap), a wholly owned subsidiary
of GMAC Financial Services, today announced that Thomas W. Neary has been named
executive vice president and senior managing director of Capital Markets for the company. Neary
will report directly to ResCap Non-Executive Chairman Thomas Marano and ResCap Chief
Executive Officer Jim Jones.
read
more
A SURVEY OF HOMEBUILDERS'
ASSESSMENT OF THE HOUSING MARKET SHOWS THE INDUSTRY'S SENTIMENT
TIED THE MARK SET IN DECEMBER.
NEW
YORK (CNNMoney.com) -- Homebuilders' confidence in the weak housing market fell in June,
matching the record low in a monthly industry assessment index, a trade group said
Monday.
read more
VANTAGEILM TO INTEGRATE
GLOBAL DEBT NETWORK AUTOMOTIVE PORTFOLIO AUCTION
PLATFORM
PASADENA, Calif., June 5, 2008 -
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.
read more
CONSERVATION INTERNATIONAL
AWARDED $1 MILLION GRANT FROM BANK OF AMERICA CHARITABLE
FOUNDATION
CHARLOTTE, N.C., June 13
/PRNewswire/ -- 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.
read more
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.
read
more
HEARTLAND SUED OVER DEBT
COLLECTIONS
A lawsuit has been filed in U.S.
District Court against Heartland Health for alleged deceptive debt-collecting
practices.
read more
73,000 HOMES LOST TO FORECLOSURE
IN MAY
NEW YORK (CNNMoney.com) -- 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.
read more
FORECLOSURES PLUNGE IN
MARYLAND, VIRGINIA, RISE IN D.C.
WASHINGTON (Map, News) - 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.
read more
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.
read
more
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.
read more
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.
read
more
DISCOVER FINANCIAL SERVICES
ANNOUNCES SECOND QUARTER 2008 EARNINGS RELEASE AND CONFERENCE
CALL
RIVERWOODS, Ill.--(BUSINESS WIRE)--
June 12, 2008--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.
read more
RISING UNEMPLOYMENT POSES
PRIME THREAT TO CONSUMER FINANCE
NEW YORK -(Dow Jones)- 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.
read more
TSYS SIGNS MULTI-YEAR
AGREEMENT WITH GLOBALCARD OF MEXICO
Columbus, Ga., June 11, 2008 - 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.
read more
EQUIFAX AND FAIR ISAAC ENTER
PARTNERSHIP TO ACCELERATE DEVELOPMENT AND DELIVERY OF NEW
ANALYTIC SOLUTIONS
June 10, 2008 - (Atlanta,
Georgia and Minneapolis, Minnesota, USA) - 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 FICO(r) analytic products.
read more
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.
read more
BANK OF AMERICA REACHES ONE
MILLION ACTIVE MOBILE BANKING CUSTOMERS
CHARLOTTE, N.C., June 11 /PRNewswire/ -- 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.
read more
NEW FORD FOUNDATION GRANT
SUPPORTS EFFORT TO REDUCE MORTGAGE FORECLOSURES
NATIONWIDE
NEW YORK, 12 June 2008-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.
read
more
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.
read more
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.
read more
| 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 | $1,927,394.00
Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?563
More
information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
| | Agency | NETQUEST RECOVERY SERVICES,
INC.
Russel French
877-300-9297
More
Information
| | Debt Buyers | COLLINS FINANCIAL SERVICES, INC.
Tony
Jackson
800-570-5007
More Information
GLOBAL DEBT NETWORK, INC.
Monica Maynerick
866-559-4339
More
Information
THE JUDGMENT GROUP
Susan Wilson
410-643-3310
More
Information
OLIPHANT FINANCIAL, LLC
Melody A. Cuff
888-632-5111
More
Information
JACOBS, MARSH LLC
716-568-8468
| | Debt Sellers | COLLINS FINANCIAL SERVICES, INC.
Tony
Jackson
512-347-1492
More Information
| | Scoring/Scrubbing | EQUIFAX INC
716-775-0626
| | Software | BFRAME DATA SYSTEMS INC.
charlie
bowden
678-387-0100
More Information
SIMPLE SOFTWARE INC
888-462-2392
|
|
Industry Events
|
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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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 - 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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