DEBT CONNECTION SYMPOSIUM & EXPO 2008 ANNOUNCES CAP ONE AUTO FINANCE AND DFS SERVICES TO THE LIST OF FEATURED COMPANY MEETINGS
Dennis and Judy Hammond are pleased to welcome the addition of Cap One Auto Finance and DFS Services (formerly Discover) to the list of Featured Company Meetings at Debt Connection Symposium & Expo 2008 at the San Diego Marriott Hotel and Marina.
All vendors and prospective vendors must be registered attendees of the Debt Connection Symposium & Expo to attend any featured company meeting.
DCS2008 will host a number of Featured Company meetings, allowing Creditors and Debt Buyers to hold scheduled meetings with current or prospective agencies or vendor partners. A quality line up of speaker presentations will fit the bill for your education needs, and we will once again celebrate industry achievement and raise some money for two very worthy charities at the Thursday evening Black Tie Awards and Charity Gala.
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TSYS AND CANADIAN TIRE EXTEND PAYMENT SERVICES AGREEMENT
Columbus, Ga., June 26, 2008 - TSYS announced today that it has renewed its agreement with Canadian Tire Financial Services, a division of Canadian Tire Corporation, Limited, to exclusively process its payment cards programs. The multi-year agreement includes Canadian Tire's MasterCard-branded and private label retail portfolios.
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DISCOVER FINANCIAL SERVICES REPORTS SECOND QUARTER RESULTS:
Riverwoods, IL - Discover Financial Services (NYSE: DFS) today reported net income for the second quarter of 2008 of $234 million, or $.48 per share, as compared to $209 million, or $.44 per share, in the second quarter of 2007. Reported results included income from continuing operations of $202 million, or $.42 per share, and $32 million from discontinued operations related to the company's International Card segment.
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PERSONAL INCOME UP 1.9% AFTER $48 BILLION IN STIMULUS
Personal income surged in May as the government's stimulus payment plan to jump-start the economy took effect, according to a report released Friday.
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SENATE HOLIDAY ON HOUSING RESCUE
NEW YORK (CNNMoney.com) - After failing to approve an omninbus housing rescue package this week, the Senate is scheduled take up the bipartisan-supported bill again the week of July 7.
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VISA TO HELP EASE PAIN AT THE PUMP
Visa Inc. (NYSE: V) today announced that it is implementing processing and rate changes that will result in benefits for American consumers and fuel merchants frustrated by rising prices at the pump. Visa's new processing approach for fuel transactions will enable consumers to buy gas more easily and allow motorists and station owners to better avoid the risks and inconveniences associated with pump limits and holds on funds. Visa also will reduce interchange rates for fuel transactions, which can lower costs for oil companies and service stations and can be passed onto consumers at the pump.
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BANK OF AMERICA PURCHASE OF COUNTRYWIDE RECEIVES KEY APPROVAL
CHARLOTTE, N.C. - Bank of America Corporation plans to complete the purchase of Countrywide Financial Corporation on July 1 subject to customary closing conditions. Countrywide shareholders' decision to approve the transaction Wednesday marks the last significant approval necessary for the purchase to move forward.
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SOUNDBITE COMMUNICATIONS AND UNIVERSAL RECOVERY SYSTEMS REACH SETTLEMENT IN PATENT LITIGATION
BEDFORD, Mass. - SoundBite Communications, Inc., (Nasdaq:SDBT) a provider of on-demand, integrated multi-channel communications solutions and Universal Recovery Systems, Inc., owner of the Universal Systems Right Party Contact Solution, a patented approach to maximizing right party contacts, announced today that they have settled two lawsuits between the parties.
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JPMORGAN NAMES GLOBAL COMMERCIAL CARD EXECUTIVE
Eduardo Vergara has joined JPMorgan Treasury Services as Global Commercial Card Executive. In his new role, Mr. Vergara will be responsible for the day-to-day management of JPMorgan's global commercial card business and for setting and implementing the global strategic direction for JPMorgan's commercial card products. JPMorgan's award-winning commercial card solutions include travel and entertainment, purchasing, fleet, prepaid debit and payroll cards, as well as single-use account technology and Order-to-Pay solutions.
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FANNIE, FREDDIE NOT HELPING JUMBO MARKET
Three months after Fannie Mae and Freddie Mac won the freedom to step up home-loan purchases, the government-chartered mortgage-finance companies are doing what critics in the Federal Reserve and Congress had predicted.
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ECONOMY TAKING ITS TOLL ON SMALL BUSINESS OWNERS - WELLS FARGO/GALLUP SURVEY FINDS THEY'RE SAVING AND SPENDING LESS
With rising oil prices and constant talk of a recession, it's no surprise small business owner optimism is waning. According to the recent Wells Fargo/Gallup Small Business Index survey, more than one-third of small business owners said that their personal financial situation as a whole is getting worse.
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PENNCRO ASSOCIATES, INC. TODAY ANNOUNCED IT HAS HIRED INDUSTRY VETERAN
Penncro Associates, Inc. today announced it has hired industry veteran Sheldon Zucker as its new President, effective June 17, 2008.
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REBATE CHECKS DIVERTED TO PAY $2B IN DEBTS
About $2 billion in economic stimulus rebate checks are being confiscated to pay overdue bills for child support, students loans and back taxes, the government says.
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SENATE GETTING IN GEAR ON HOUSING RESCUE
NEW YORK - An omnibus housing rescue package, some elements of which have been debated in Congress for years, was on track Wednesday to finally move toward enactment.
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BROWN SUES COUNTRYWIDE FOR MORTGAGE DECEPTION
LOS ANGELES - California Attorney General Edmund G. Brown Jr. today sued Countrywide Financial, its chief executive Angelo Mozilo, and president David Sambol, for engaging in deceptive advertising and unfair competition by pushing homeowners into mass-produced, risky loans for the sole purpose of reselling the mortgages on the secondary market.
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TRANSUNION'S ENHANCED REVENUE MANAGER(SM) IMPROVES PATIENT FINANCIAL ASSISTANCE, ASSESSMENTS AND HOSPITAL PRODUCTIVITY
LAS VEGAS - TransUnion announced today a newly enhanced version of its patented healthcare revenue cycle workflow and financial analytics product suite -- Revenue Manager(SM) -- at the HFMA's Annual National Institute (ANI) Healthcare Financing Conference. Revenue Manager is an ASP-based technology platform that determines in real time, patient eligibility for financial assistance at the time of registration.
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GLB RELIEF BILL PASSES HOUSE
McLean, VA - House Bill HR 6312, a bill which will eliminate a debt buyers obligation to send an annual consumer privacy notice under the Gramm-Leach-Bliley Act, passed successfully in the House last night by a voice vote.
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SPEED NETWORKING RETURNS FOR DEBT CONNECTION SYMPOSIUM & EXPO IN 2008
Santa Fe Springs, CA - Looking to meet peers, clients, prospects and colleagues? Speed Networking provides a unique opportunity to meet and greet as many as 30 people in 30 minutes.
The Speed Networking in a "New York Minute" was such a huge success at DCS2007 that it returns for DCS2008, California Style.
Whether you're a first-time attendee, or a conference veteran, finding and meeting the people you need to meet is not always easy. Speed Networking DCS2008 gives you a fun, innovative format to begin the event, and meet a minimum of 30 other industry professionals. Bring 31 business cards! Thirty cards are used to trade with the networkers you meet and the 31st card goes into a drawing to be announced at a later time. Again don't forget your business cards you only have 30 seconds to make yourself memorable, 15 seconds if you let the other person talk too!
So start practicing your pitches with friends, family and mirrors. See what you can say in 30 seconds or less!
There is no additional charge to participate but you have to be registered for the conference. If you're not yet registered for DCS2008, registration forms are available online and can be found at http://www.dcs2008.com/downloads.html. For more information please go to www.dcs2008.com or call 562-906-1101 .
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BILL WOULD HALT UNFAIR CREDIT-CARD PRACTICES
More and more Americans are turning to their credit cards to help pay bills, buy groceries, and simply make ends meet in this troubled economy. As a result, consumer credit-card debt is closing in on the $1 trillion mark - double the amount held in 1996. This trillion-dollar tower of unsecured debt is looming large above our troubled economy and threatening to worsen an already perilous credit crisis.
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SMALL BUSINESS OWNERS TIGHTENING THEIR PURSE STRINGS
SAN FRANCISCO, June 25 /PRNewswire-FirstCall/ -- With rising oil prices and constant talk of a recession, it's no surprise small business owner optimism is waning. According to the recent Wells Fargo/Gallup Small Business Index survey, more than one-third of small business owners said that their personal financial situation as a whole is getting worse.
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MASTERCARD SETTLES AMEX SUIT FOR $1.8 BILLION
NEW YORK (AP) -- American Express said Wednesday MasterCard will pay it as much as $1.8 billion to settle an antitrust lawsuit, as it warned credit losses may increase as business conditions deteriorate.
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PAYDAY LOAN LEAD GENERATORS SETTLE FTC CHARGES
Two payday loan lead generators have agreed to settle Federal Trade Commission charges that their Internet advertising stated payday loan costs and repayment periods without disclosing annual percentage rate (APR) information as federal law requires. The settlements require the respondents to disclose APR information in similar payday loan ads in the future and to comply in all other respects with the Truth in Lending Act (TILA) and its implementing Regulation Z. APR information helps consumers compare the costs of these payday loans with others and with alternative forms of short-term credit.
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PORTFOLIO RECOVERY ASSOCIATES TO ACQUIRE MUNISERVICES, ENHANCING PRESENCE IN GOVERNMENT SECTOR
NORFOLK, VA, Jun 24, 2008 (MARKET WIRE via COMTEX News Network) -- Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, today announced that it has entered into a definitive agreement to acquire MuniServices, LLC, which specializes in revenue enhancement for government clients.
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MRS ENTERS INTO JOINT VENTURE WITH SPANCO BPO VENTURES
MRS Associates announced today their joint venture with Spanco BPO Ventures Ltd, the Business Process Outsourcing division of Spanco Telesystems. The joint venture will involve cross investments between MRS and Respondez, Spanco's International BPO arm.
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HOUSING AID BILL CLEARS KEY SENATE HURDLE
WASHINGTON -- A massive foreclosure rescue bill overwhelmingly cleared a key Senate test Tuesday, drawing broad support from Democrats and Republicans alike.
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COURT OKS COLLECTION AGENCY LAWSUIT
WASHINGTON (AP) -- The Supreme Court ruled Monday that a collection agency with no financial stake in a case can sue on behalf of its customers.
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IRS RAISES PER-MILE TAX DEDUCTION FOR SECOND HALF OF '08
In response to soaring gas prices, the IRS announced Monday that it will raise the standard mileage rate that taxpayers use to deduct business miles to 58.5 cents a mile, an increase of 8 cents.
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HOME PRICES IN ANOTHER STEEP DROP
U.S. home prices posted record declines in April, extending a painful losing streak for U.S. home prices.
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CONSUMER CONFIDENCE TUMBLES TO 16-YEAR LOW
NEW YORK (CNNMoney.com) -- A key measure of consumer confidence dropped in June to the fifth lowest reading ever, as Americans grew more concerned about their jobs and more pessimistic about business conditions.
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ATTORNEY GENERAL ABBOTT REACHES AGREEMENT TO PROTECT TEXANS FROM IDENTITY THEFT
AUSTIN - Texas Attorney General Greg Abbott has reached an agreement with two Austin companies that will protect Texans from identity theft. The settlement resolves the state's May 2007 enforcement action against EZMONEY, L.P. and EZPAWN L.P., which were charged with violating state laws governing the disposal of customer records containing sensitive personal information. Under Texas law, vendors must take specific precautions before discarding documents that include customers' bank accounts, driver's license and Social Security numbers.
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ALLIED BANK AND FIRST DATA SIGN CARD PROCESSING AGREEMENT
Karachi, June 24, 2008: Allied Bank, one of the largest banks in Pakistan, has signed a card processing agreement with First Data, a global leader in electronic commerce and payment services. This agreement will enable Allied Bank to maximize the effectiveness of its consumer-banking portfolio by providing innovative, secure and cost effective solutions with shorter time to market.
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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 | $455,270.00 Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?564
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$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 | REDLINE RECOVERY SERVICES, LLC
770-885-4055
PORTFOLIO MANAGEMENT
614-522-0489
DEBT MANAGEMENT PARTNERS
716-909-4773
| | Attorney | BRIGHAM LAW FIRM
Donald P. Brigham, Esq.
949-367-0227
More Information
HANSON & HANSON, PA
407-872-1212
LAW OFFICE OF E. TURIN
312-388-5999
| | Consultants | PORTFOLIO MANAGEMENT
614-522-0489
EXECUTIVE ALLIANCE
813-973-2200
DEBT MANAGEMENT PARTNERS
716-909-4773
| | Debt Buyers | PORTFOLIO MANAGEMENT
614-522-0489
GREENS FINANCIAL LLC
402-291-8900
HIGH MOUNTAIN FUNDING INC
973-423-1842
KND RECOVERY SERVICES
770-682-8006
DEBT MANAGEMENT PARTNERS
716-909-4773
| | Debt Sellers | GLOBAL DEBT NETWORK, INC.
Monica Maynerick
866-559-4339
More Information
PORTFOLIO MANAGEMENT
614-522-0489
DEBT MANAGEMENT PARTNERS
716-909-4773
| | Investment Firms | DEBT MANAGEMENT PARTNERS
716-909-4773
| | Risk Management/Metrics | PORTFOLIO MANAGEMENT
614-522-0489
| | Scoring/Scrubbing | PORTFOLIO MANAGEMENT
614-522-0489
| | Training | PORTFOLIO MANAGEMENT
614-522-0489
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Industry Events
|
America's Credit Union Conference & Expo
Credit Union National Association
Hilton New York
New York, NY
June 29 - July 2, 2008
More Information
NACTT 43rd Annual Meeting
National Association of Chapter 13 Trustees
San Francisco Marriott
San Francisco, CA
July 9 - 12, 2008
More Information
ACA International 69th Annual Convention & Expo
ACA International
The Westin Diplomat Resort & Spa
Hollywood, FL
July 23 - 26, 2008
More Information
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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, March 28, 2008 |
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| 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 |
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| 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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