CONGRESS RECEIVES FIRST REPORT REQUIRED BY 2005 BANKRUPTCY LAW
The first annual report to Congress containing new bankruptcy statistics mandated by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was filed by the Administrative Office in advance of the July 1, 2008 deadline.
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OVER 600 VOTERS TO DATE FOR THE INDUSTRY CHOICE TRIBUTE AWARDS
In the first two days of voting, over 600 voters have already cast their vote for the industry leaders who have been selected as Finalists for an Industry Choice Tribute Award.
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WELTMAN, WEINBERG & REIS CO., L.P.A. WELCOMES NEW ASSOCIATE JILL KECK TO THE CINCINNATI OFFICE
Weltman, Weinberg & Reis Co., L.P.A., the nation's largest creditors' rights law firm based on revenue and placements according to Collections & Credit Risk magazine, welcomes new associate Jill A. Keck.
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MORTGAGE INDUSTRY GRILLED IN WASHINGTON
NEW YORK - A key House committee was set to grill home lenders and housing advocates on Friday about mortgage industry efforts to work out affordable loans for troubled homeowners.
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FORECLOSURE FILINGS UP 120%
NEW YORK (CNNMoney.com) -- As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.
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RECOVERY MANAGEMENT STRATEGIES AND TECHNIQUES IS TAKING REGISTRATIONS FOR THE FALL SESSION
The leader in Agency Management auditing and consulting is now taking registrations for the October session of Recovery Management Strategies and Techniques, a two-day classroom course designed to assist Creditor and Debt Buyer Recovery Managers with fundamental and advanced strategies, plans, and tools for managing an outside vendor recovery operation.
This course will bring real-world experience and answers to the challenges that Recovery Managers face in structuring and managing the external recovery operation. Topics covered will include Agency Selection, Placement Strategies, Performance Measurements, Contracts, Work Standards, Settlements, Auditing, Compliance, and Financial Issues.
This session is scheduled for will be October 7 - 8, 2008 in Chicago, IL at the Hyatt Rosemont (O'Hare Airport).
For more information and registration information contact: infoRMST@resourcemanagement.com or call Resource Management Services, Inc. at (562)906-1101
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NOBLE SYSTEMS SELECTED BY FOOD LION TO IMPROVE RECEIVABLES
Atlanta, GA - Noble Systems Corporation announces that Food Lion LLC has selected the Noble® solution for management of its receivables activities. Noble Systems is a global leader in contact center technology solutions. Food Lion operates more than 1,300 supermarkets to meet local customer needs.
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SOUNDBITE COMMUNICATIONS SINKS ITS TEETH INTO COLLECTIONS PAIN
As many companies start to feel the consumer-credit crunch, being able to recover debt and mitigate risk while at the same time maximizing profit is becoming more important than ever.
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SALLIE MAE'S PROFIT FALLS 72 PERCENT
Student lender SLM Corp., more commonly known as Sallie Mae, said Wednesday its second-quarter profit plunged 72 percent as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.Net income fell to $266 million, or 50 cents per share, during the second quarter, from $966 million, or $1.03 per share, during the same quarter last year.Sallie Mae's "core" earnings were $156 million, or 27 cents per share, in the second quarter, compared with $189 million, or 43 cents per share.
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WAMU REPORTS SIGNIFICANT BUILD-UP OF RESERVES CONTRIBUTING TO SECOND QUARTER NET LOSS OF $3.3 BILLION
SEATTLE - WaMu (NYSE:WM) today announced a second quarter 2008 net loss of $3.33 billion as it significantly increased its loan loss reserves by $3.74 billion to $8.46 billion.
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HOW THE HOUSING RESCUE BILL CAN HELP YOU
The House on Wednesday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
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WELLS FARGO ANNOUNCES NEXT SMALL BUSINESS WEBCAST "SOUND CREDIT PRACTICES FOR YOUR BUSINESS"
WHAT: Wells Fargo will premiere its fifth small business webcast, "Sound Credit Practices for Your Business," on Tuesday, July 29th.
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FDIC CHAIRMAN SHEILA C. BAIR REITERATES PROMISE OF DEPOSIT INSURANCE
FDIC Chairman Bair said, "As Chairman, I believe that the FDIC has a promise to keep to our nation's bank customers. A promise spelled out in the following Depositor Bill of Rights:
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U.S. JOBLESS CLAIMS RISE SHARPLY AS ECONOMY SLOWS
The number of Americans filing first-time claims for unemployment benefits rose last week to the highest level in almost four months, a sign the slowing economy is weakening the labor market.
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CONSUMERS FALL FURTHER BEHIND FINANCIALLY, STUDY REPORTS
Americans' household finances are bad and getting worse, and that spells trouble for the economy for the rest of the decade, according to a study by Moody's economy.com.
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HOUSE OKS MORTGAGE RESCUE
NEW YORK - The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.
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FAIR ISAAC ANNOUNCES THIRD QUARTER 2008 RESULTS
Minneapolis, MN - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced the financial results for its third quarter ended June 30, 2008.
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FEATURED COMPANY MEETINGS AT DEBT CONNECTION SYMPOSIUM AND EXPO 2008
A highlight of the Debt Connection Symposium and Expo will be the Featured Company meetings, to facilitate Creditor/Debt Buyer vendor management meetings, new vendor or buyer orientations, or new sale portfolio previews.
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EQUIFAX AND NATIONAL CONSUMER TELECOM & UTILITIES EXCHANGE EXTEND AGREEMENT THROUGH 2015
ATLANTA, July 22, 2008 - Equifax (NYSE: EFX) and The National Consumer Telecom & Utilities Exchange, Inc. (NCTUE) announced today that the NCTUE has extended Equifax's exclusive contract to manage its database until June 10, 2015.
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CONVERGYS REPORTS SECOND QUARTER RESULTS, DELIVERS 14 PERCENT INCREASE IN EPS, UPDATES 2008 GUIDANCE
Convergys Corporation (NYSE: CVG), a global leader in Relationship Management, today announced its financial results for the second quarter of 2008.
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FDIC: DON'T WORRY ABOUT BANK FAILURES
The housing bust will put more banks out of business, but all but a handful of institutions will weather the crisis, one of the nation's top financial regulators said Tuesday.
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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 | $323,909.00 Checks
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?573
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$169,195.00 Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?572
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
| | Agency | CONVERGENT RESOURCES INC.
631-803-0749
| | Consultants | DONALD J. KEATING & SONS, INC.
312-952-6354
| | Debt Buyers | CENTRAL OHIO CREDIT CORP
888-737-2622
CAVALRY PORTFOLIO SERVICES, LLC
914-347-3440
HARPER & WHITE INC.
201-445-0570
PINNACLE ASSET GROUP, L.L.C.
716-675-1441
| | Debt Sellers | WILSON CONSOLIDATION SERVICES
508-373-6825
| | Legal Networks/Services | ACTION PROCESS SERVICE IN ARKANSAS
501-888-5706
| | Payment Processors | REGAL TECHNOLOGIES, LLC
Stephen Price
866-766-1066
More Information
| | Scoring/Scrubbing | CSC
952-967-1007
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Industry Events
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The Payments Institute East 2008
NACHA
Emory Conference Center Hotel
Atlanta, Georgia
July 27 - 31, 2008
More Information
4th Annual Mid-Atlantic Bankruptcy Workshop
American Bankruptcy Institute
Hyatt Regency, Chesapeake Bay
Cambridge, MD
July 31 - August 2, 2008
More Information
2008 COHEAO Mid-Year Conference
COHEAO
Westin Tabor Center
Denver, CO
August 2 - 5, 2008
More Information
Consumer Lending Institute
The Independent Community Bankers of America
Embassy Suites Hotel Bloomington
Minneapolis, MN
August 3 - 6, 2008
More Information
10th Annual Conference - Blazing New Trails
African-American Credit Union Coalition
Hyatt Regency Hotel
Houston, TX
August 6 - 10, 2008
More Information
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| At A Glance - Friday, May 09, 2008 |
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| At A Glance - Wednesday, April 30, 2008 |
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| At A Glance - Friday, April 11, 2008 |
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| At A Glance - Wednesday, February 06, 2008 |
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| 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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