DEBT CONNECTION SYMPOSIUM & EXPO ANNOUNCES EXCITING PRE-CONFERENCE ACTIVITIES
Debt Connection Symposium & Expo announces two fun filled pre-conference activities. Deep Sea Fishing or Golf... you decide. We offer both in our pre-conference schedule.
LiveVox is sponsoring a half day sports fishing trip for up to 40 participants, departing the San Diego Marriott Hotel & Marina at 12:00 noon on Tuesday, September 2, 2008 for a brief bus ride to Seaforth Landing. Then depart on a 5 hour fishing excursion aboard this 65' Sea Watch in pursuit of yellowtail, bonito, rock fish, calico and sand bass. Who will boat the first fish? Who will win the jackpot for the biggest fish caught? For more information and registration please visit http://www.dcs2008.com/prepost_activities.html.
For the golfer in you, join us at the beautiful Riverwalk Golf Club in Mission Valley for a fun afternoon of golf. Steeped in a rich tradition of golf legends past, Riverwalk Golf Club offers a classic golfing experience like no other. This San Diego golf course, formerly known as the Stardust Country Club, has been completely redesigned by Ted Robinson Sr. and son Ted Jr., who used more than half a million cubic yards of soil to turn the formerly flat golf course into 27 holes of undulating fairways, stunning waterfalls, and well-protected bentgrass greens. For more information and registration please visit http://www.dcs2008.com/golf.html.
Space available will be first come first serve basis, contact Resource Management Services, Inc., to sign up. This pre-conference event is only open to DCS 2008 conference registrants.
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NEW CHANGES WILL DO YOU GOOD IF YOU HAVE STUDENT LOANS
Interest rates on unconsolidated student loans issued before July 1, 2006, will drop to 4.21% from 6.62% for the in-school and grace period and from 7.22% for loans already in repayment. Loans issued before July 1, 2006, carry variable rates that are adjusted every July 1. If you're repaying these loans, consolidating them will lock in a rate of 4.25%. If you recently graduated and are still in your grace period - the six-month window before you have to start making payments - you can lock in a rate of 3.61%.
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NATIONAL CENTURY EXECUTIVES TO BE SENTENCED THIS MONTH
Yesterday, U.S. District Judge Algenon L. Marbley set sentencing dates for four executives convicted in March in the nation's largest case of private-sector fraud. The company went bankrupt in November 2002.
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REMARKS BY U.S. TREASURY SECRETARY HENRY M. PAULSON, JR.
Today, the U.S. economy is going through a rough period. And while we have seen better growth in Europe over the last few quarters, there are signs of a slowdown in Europe in general and the UK specifically. However, emerging economies are expected to continue a period of strong growth, which will support global growth overall.
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DEBT CONNECTION SYMPOSIUM AND EXPO 2008 FEATURED COMPANY MEETINGS
Capital One, Capital One Auto Finance, Chase Auto Finance, Chrysler Financial, DFS Services, NCO Group, and Sterling Jewelers, Inc. have scheduled Featured Company meetings at DCS 2008 in San Diego. These Featured Company meetings are designed to facilitate Creditor/Debt Buyer vendor management meetings, new vendor or buyer orientations, or new sale portfolio previews. The specific agenda of each meeting, as well as a pre-qualification process for attendees, will be determined by each Featured Company.
Additional Featured Companies are finalizing their plans and will be announced in the near future.
Only registered attendees of the Debt Connection Symposium and Expo 2008 invited by the Featured Company will be able to attend.
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PAULSON: BANKING REGULATIONS NEED OVERHAUL
The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said Wednesday in London.
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CR SOFTWARE ENHANCES THE TITANIUM ORE WEB SERVICE OFFERINGS
Fairfax, VA, July 2, 2008 - CR Software LLC (CRS), the leading financial software solutions provider to collections entities, announces today its enhanced web service offerings within Titanium ORE, CR Software's best-in-class, next generation flagship product.
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FTC WILL STUDY EXPERIENCES OF IDENTITY THEFT VICTIMS
The Federal Trade Commission plans to study the experiences of identity theft victims by conducting a survey of consumers who contacted the FTC after they were victimized.
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PAYROLL REPORT: 79,000 PRIVATE SECTOR JOBS LOST IN JUNE
The number of private sector jobs fell by 79,000 in June, according to a payroll report released Wednesday, with the decline exceeding economists' forecasts.
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LIVEVOX OPENS NEW OFFICE IN ATLANTA
SAN FRANCISCO LiveVox, the leading provider of hosted dialer solutions, today announced the company has opened an Atlanta-based office, located at 1255 Canton St. in Roswell, GA. The new office is a result of LiveVox's recent growth and to support the burgeoning collections industry in the greater Atlanta region. LiveVox also announced that it has hired industry veterans Christopher Schaeffer and Jack Morris to support sales and development from the Atlanta office.
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VISA INC. STATEMENT ON CHANGES TO U.S. OPERATING REGULATIONS ON NON-VISA DEBIT TRANSACTIONS ON VISA-BRANDED CARDS
Visa Inc. (NYSE:V) has revised its U.S. Operating Regulations to expand the conditions under which non-Visa debit transactions can be processed without PIN validation on Visa-branded debit cards, effective July 1, 2008.
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CPS ANNOUNCES $10 MILLION FINANCING
IRVINE, Calif. - Consumer Portfolio Services, Inc. (Nasdaq:CPSS) today announced that it has closed a new $10 million senior secured financing with an affiliate of Levine Leichtman Capital Partners (LLCP). The Company can receive an additional $15 million in financing if certain terms and conditions are met. LLCP received in aggregate 3 million shares of common stock and warrants in connection with the transaction. No additional equity is contemplated in relation to the additional $15 million.
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CIT GROUP SELLS ITS HOME LENDING BUSINESSES FOR $1.8B
LONDON--Commercial finance company CIT Group, Inc. said it will sell its Home Lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and other liabilities.
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MORTGAGE RULING COULD SHOCK US BANKING INDUSTRY
LOS ANGELES: A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a US appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
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GMAC FINANCIAL SERVICES TO PROMOTE FINANCIAL LITERACY FOR COMMUNITY SERVICE 2008
DETROIT - In an effort to provide Americans with a better understanding of money management and financial literacy, GMAC Financial Services is proud to announce its participation in the financial services industry's Community Service 2008 by hosting GMAC SmartEdge seminars and participating in events with non-profit partners to promote financial education throughout the summer.
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GMAC FINANCIAL SERVICES UNIFIES MARKETING EFFORT WITH SELECTION OF GLOBAL AGENCY OF RECORD
NEW YORK - GMAC Financial Services announced that it has selected a marketing team led by BBH New York as its new global marketing agency of record. The decision follows a comprehensive agency selection process, as GMAC plans to strengthen its customer relationships and build its business in key markets around the world. To round out the BBH team, new talent will be hired and individuals will be selected from across the Publicis Groupe.
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DISCOVER FINANCIAL SERVICES COMPLETES DINERS CLUB ACQUISITION
RIVERWOODS, Ill. - Discover Financial Services (NYSE: DFS) today announced the completion of its acquisition of Diners Club International from Citi (NYSE: C).
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BANK OF AMERICA COMPLETES COUNTRYWIDE FINANCIAL PURCHASE
CHARLOTTE, N.C. - Bank of America Corporation today completed its purchase of Countrywide Financial Corp. to create the nation's leading mortgage originator and servicer.
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FIRST DATA CHAIRMAN AND CEO MICHAEL CAPELLAS TO SPEAK AT FINTECH 2008: SENIOR EXECUTIVE FORUM
DENVER, - First Data today announced that on Tuesday, July 8, Michael Capellas, chairman and chief executive officer, will participate in the FinTech 2008: Senior Executive Forum at the Time Warner Conference Center in New York City, NY. Capellas will be the keynote speaker from 12:45 p.m. to 1:25 p.m. ET, followed by an additional panel discussion session from 3:30 p.m. to 4:10 p.m. ET.
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HOME EQUITY LINES OF CREDIT
The FDIC is issuing the attached supervisory guidance to remind FDIC-supervised financial institutions that if, for risk management purposes, they decide to reduce or suspend home equity lines of credit, certain legal requirements designed to protect consumers must be followed. In addition, the FDIC urges institutions to work with borrowers to minimize hardships that may result from such reductions or suspensions.
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BANKS BRACE FOR TOUGH SECOND HALF
NEW YORK (CNNMoney.com) -- By most measures, the first half of 2008 was downright dreadful for most banks and securities firms.
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MERCHANTS ASKED TO SECURE THEIR SITES
Today is the deadline for any business that accepts credit cards over the Internet to meet new security standards for their Web sites.
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WACHOVIA CORPORATION ANNOUNCES ASSISTANCE FOR PICK-A-PAY CUSTOMERS
CHARLOTTE, NC-Wachovia Corp. today announced it is taking a number of actions to help its mortgage customers deal with a challenging economy and declining home values.
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ONTARIO SYSTEMS PUBLISHES KNOWLEDGE BASE
Ontario Systems announced today it is providing on demand access to its Knowledge Base for its customers. The first of its kind for the receivables management industry, the Knowledge Base expands the resources available to the community running on Ontario Systems' platform.
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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 | $2,608,684.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?567
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,808,974.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?566
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$2,119,554.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?565
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
| | Agency | REDLINE RECOVERY SERVICES, LLC
770-885-4050
| | Attorney | GORDON & WEINBERG, P.C.
484-351-0500
| | Software | ACCELERATED DATA SYSTEMS
Thomas Mohr
904-996-7304
More Information
BFRAME DATA SYSTEMS INC.
charlie bowden
678-387-0100
More Information
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Industry Events
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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
Debt Connection Symposium & Expo 2008
Resource Management Services, Inc.
San Diego Marriott Hotel & Marina
San Diego, CA
September 3 - 5, 2008
More Information
2008 Home Equity Lending Conference
Consumer Bankers Association
Hilton Austin
Austin, TX
September 7 - 9, 2008
More Information
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