DEBT CONNECTION SYMPOSIUM & EXPO OFFERS EXCITING PRE-CONFERENCE ACTIVITIES
Debt Connection Symposium & Expo offers two fun filled pre-conference activities. Sportsfishing or Golf... you decide. We offer both in our pre-conference schedule.
LiveVox is sponsoring a half day sportsfishing 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 sportsfishing 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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THE DEBT MARKETPLACE, INC ANNOUNCES BUYER SELLER 101 IN SEPTEMBER
Conducted by Dennis Hammond, President of The Debt Marketplace, Inc., these training courses are a must for anyone interested in participating in the market for delinquent debt! Vital for new buyers and sellers, and those interested in learning how to succeed in this expanding area! An excellent opportunity for intermediate and advanced buyers and sellers to refine basic techniques and understanding. Class is September 25 - 26, in Downey California.
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MORTGAGES GET MORE EXPENSIVE - AGAIN
NEW YORK (CNNMoney.com) -- The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. The bad news: You're going to pay for it when you take out a mortgage.
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CONNECTICUT BANKING COMMISSIONER HOWARD PITKIN ISSUES
Connecticut State Banking Commissioner Howard F. Pitkin issued an Order to Cease and Desist to Cornerstone Credit Corporation (Cornerstone) and its President, Rene Gagnon today. The action is the result of an on-going investigation of Cornerstone for possible violations of Connecticut's consumer collection agency laws. Upon receiving this order, the company is required to cease and desist from violating the Connecticut General Statutes and is placed on notice that a fine of up to $400,000 could be levied upon Cornerstone and an additional fine of up to $200,000 could be levied upon Rene Gagnon, President of Cornerstone.
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ACXIOM(r) DECLARES QUARTERLY DIVIDEND
LITTLE ROCK, Ark. - August 6, 2008 - The board of directors of Acxiom(r) Corporation (Nasdaq: ACXM) yesterday declared a quarterly cash dividend of six cents per share payable on September 8 to shareholders of record as of the close of business on August 21.
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DISCOVER(R) U.S. SPENDING MONITOR(SM) FLAT IN JULY
RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 7, 2008--The Discover U.S. Spending Monitor was virtually flat in July, rising just one-tenth of a point to 86.1, as a rise in economic confidence among consumers during the last week of July kept the Monitor from falling to a new low. Despite the late rise in economic confidence, the Monitor had record numbers of consumers who rated the economy as poor, and who felt their personal finances were getting worse.
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ATTORNEY GENERAL ABBOTT TAKES ACTION AGAINST DEBT COLLECTION FIRM FOR HARASSING TEXAS CONSUMERS
DALLAS - Texas Attorney General Greg Abbott today charged a Dallas-based debt collection firm with using deceptive practices to collect payments from Texas consumers. The attorney general's enforcement action asked the court to permanently enjoin Anderson, Crenshaw & Associates, L.L.C. from harassing Texas debtors with deceptive letters and unlawful telephone calls.
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RETAILERS STRUGGLE AS STIMULUS MONEY DRIES UP
NEW YORK (CNNMoney.com) -- Retailers faced tight-fisted consumers in July as $92 billion worth of stimulus checks from the government ran dry, signaling more trouble ahead if the economy doesn't pull out of its morass.
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FORECLOSURE CRISIS: THE $4 BILLION FIX
NEW YORK (CNNMoney.com) -- City officials and community activists can't wait to get their hands on nearly $4 billion the federal government is about to inject into blighted neighborhoods suffering from record foreclosures.
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JPMORGAN: CREDIT CARD RULES COULD MEAN BIG LOSSES
NEW YORK (AP) - The Federal Reserve's proposed rules for credit card lenders could lead to the banking industry to lose at least $10.6 billion in interest annually, JPMorgan Chase & Co. said in a letter to regulators, citing a study.
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GOVERNOR PATERSON SIGNS COMPREHENSIVE REFORMS TO ADDRESS FORECLOSURE CRISIS
Governor David A. Paterson today signed into law a critical subprime lending reform bill which directly addresses the mortgage crisis in New York State. The Governor signed the bill in Queens, one of the areas in New York that has been hit hardest by the foreclosure crisis. The new law will immediately help protect people from losing their homes and mandates reforms to help avoid a similar crisis in the future. The bill also takes into consideration the importance of striking the right balance between consumer protection and the availability of affordable credit.
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FAIR ISAAC BLAZE ADVISOR EARNS PRESTIGIOUS INSURANCE INDUSTRY AWARD
August 6, 2008 - (Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced that it has received the Innovative Implementation Award from The Association for Co-Operative Operations Research and Development (ACORD), the worldwide insurance industry standards body. The award was announced at the 2008 ACORD-LOMA Insurance Systems Forum in Las Vegas.
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FREDDIE MAC RELEASES SECOND QUARTER 2008 FINANCIAL RESULTS
Second quarter net loss of $821 million, or $1.63 per diluted share, compared to a net loss of $151 million, or $0.66 per diluted share, in the first quarter of 2008.
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MORGAN STANLEY TO ADVISE U.S. DEPARTMENT OF THE TREASURY REGARDING FANNIE MAE AND FREDDIE MAC
Morgan Stanley (NYSE: MS) confirmed today that it has been retained by the United States Department of the Treasury to provide capital markets advice to support the Treasury's responsibilities associated with its new authorities regarding Fannie Mae and Freddie Mac. As part of that assignment, Morgan Stanley will support the Treasury's work to promote market stability and the availability of mortgage credit.
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PAULSON TAPS MORGAN STANLEY FOR FREDDIE, FANNIE ADVICE
The Treasury Department retained Wall Street's Morgan Stanley on Tuesday to advise it on its new authority to prop up troubled mortgage financiers Fannie Mae and Freddie Mac.
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JUSTICE: HACKERS STEAL 40 MILLION CREDIT CARD NUMBERS
(CNN) -- Eleven people were indicted Tuesday for allegedly stealing more than 40 million credit and debit card numbers, federal authorities said.
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FED LEAVES RATES UNCHANGED
NEW YORK (CNNMoney.com) -- The Federal Reserve left a key short-term interest rate unchanged Tuesday and cited both the risk of a slowing economy and inflation pressures, a sign that the central bank may keep rates steady for the next few months.
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GROWTH DRIVEN BY CREDIT AND COLLECTION INDUSTRY CLIENTS TRANSITIONING FROM HARDWARE DIALERS AND IVRS
SAN FRANCISCO, August 5, 2008 - LiveVox Inc., the leading provider of hosted dialer solutions, today announced that use of the company's hosted VoIP Dialer increased 350 percent in the second quarter of 2008.
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SENATOR URGES FED TO TOUGHEN CREDIT CARD RULES
WASHINGTON (Reuters) - The Federal Reserve needs to push harder to protect consumers from credit card abuses, such as hidden fees and interest rates that jump unexpectedly, a senior senator urged on Monday.
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MORTGAGE RULES CHANGES SKEWER SOME SALES
Drake Paul, a pediatrician, entered into a contract at the end of May to sell his two-bedroom, one-bath newly renovated house in Sparks, Nev., for $170,000. The buyer had lender approval, the appraisal was done, and the inspection checked out.
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ASSET ACCEPTANCE CAPITAL CORP. ANNOUNCES RION NEEDS TO SUCCEED BRAD BRADLEY AS PRESIDENT AND CEO, BRADLEY TO REMAIN AS CHAIRMAN
WARREN, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp. (Nasdaq: AACC) announced that Chief Operating Officer Rion Needs will ascend to President and CEO of the Company effective January 1, 2009, in line with a succession plan approved by the board of directors. Needs will succeed current President and CEO Brad Bradley, who will remain as non-executive Chairman of the Board. The Board also voted to increase the total number of directors from eight to nine, and appointed Needs to fill the new board seat effective January 1, 2009.
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ASSET ACCEPTANCE CAPITAL CORP. ANNOUNCES SECOND QUARTER 2008 RESULTS
WARREN, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off consumer debt, today announced second quarter 2008 results, highlighted by record investments in purchased receivables of $65.3 million and reduced operating expenses of 52.2 percent of cash collections.
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'DEBT MELTDOWN PROGRAM' MARKETERS SETTLE WITH FTC; CHARGED WITH FAILING TO DELIVER PROMISED DEBT REDUCTION SERVICES
Four companies and their principals, Robert and Miriam Lovinger, have agreed to settle Federal Trade Commission charges that they deceptively marketed a "debt settlement" program that failed to provide services they claimed would reduce consumers' debt.
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CR SOFTWARE RELEASES ENHANCED CUSTOMER PORTAL
CR SOFTWARE RELEASES ENHANCED CUSTOMER PORTAL Fairfax, VA, August 5, 2008 - CR Software LLC (CRS), the leading financial software solutions provider to collections entities, announces today a major upgrade to its CRS Customer Portal. CR Software has been providing access to its Customer Portal for its clients since 2006 and is constantly enhancing it to best meet the needs of CR Software's clientele. The Customer Portal provides customers with a resource to keep them abreast of the latest developments at CR Software and is a free tool available to ALL CRS customers. It is informative, beneficial and simple to use. Here are just some of the features offered:
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ENCORE CAPITAL TURNS TO PROFIT IN Q2
Monday, Encore Capital Group Inc. (ECPG: News, Chart, Quote ), a consumer debt management company, reported a profit for the second quarter, which topped analysts' estimate, compared to a loss in the year ago-period on a 4% revenue increase.
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SUNTRUST BANK ACQUIRES THE INSURED DEPOSITS OF FIRST PRIORITY BANK, BRADENTON, FLORIDA
First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with SunTrust Bank, Atlanta, Georgia, to assume the insured deposits of First Priority.
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HSBC PROFIT FALLS 28% AS BAD DEBT RISES $10BN
HSBC today abandoned offering car loans to poor and credit-impaired Americans as it revealed the credit crisis wiped a further $10.1 billion (£5.1 billion) from its profits.
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WELL-ESTABLISHED CHECK CASHING ORGANIZATION CHOOSES IAT TO BOOST AGENT
Salt Lake City, UT, August 4, 2008-PLS Financial Services is trying a new recipe for success in collections this summer by adding IAT's site-premised dialer CT Center to the mix. With more
than 300 service centers across the United States and more than 3,000 employees, PLS Financialis one of the oldest and largest check cashing establishments in the industry. Still, the Chicago based company hasn't opted to use dialing technology to expand their business and stay competitive. Until now.
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LOOMING JOB CUTS MARCH ON - REPORT
NEW YORK (CNNMoney.com) -- The nation's employers continue to put jobs on the chopping block at a steep rate as the economy struggles, according to a new report.
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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 | $3,649,296.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?576
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
| | Agency | VISION CREDIT SOLUTIONS, LLC
Ed LoVallo
716-831-9677
More Information
NETQUEST RECOVERY SERVICES, INC.
Russel French
877-300-9297
More Information
TSG COLLECTIONS, LLC
212-404-2734
| | Attorney | THE SCHUTZER GROUP, PLLC
212-404-2734
| | Consultants | GRAHAM & ASSOCIATES
646-354-0939
| | Debt Buyers | COLLECT AMERICA, LTD.
303-713-2008
THE SAGRES COMPANY
858-334-4454
| | Debt Sellers | MACLEN & ASSOCIATES INC.
951-445-4745
| | Payment Processors | AUTOSCRIBE CORPORATION
Christopher McClinton
800-345-7243
More Information
| | Software | GRAHAM & ASSOCIATES
646-354-0939
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Industry Events
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10th Annual Conference - Blazing New Trails
African-American Credit Union Coalition
Hyatt Regency Hotel
Houston, TX
August 6 - 10, 2008
More Information
THE PRIVACY SYMPOSIUM - SUMMER 2008: PRIVACY IN TRANSITION
THE PRIVACY SYMPOSIUM
Charles Hotel Harvard University
Cambridge, MA
August 18 - 21, 2008
More Information
THE SIXTEENTH NATIONAL HIPAA SUMMIT AT HARVARD - SPECIAL EDITION
Healthcare Privacy and Security Training and Professional Certification
Charles Hotel
Harvard University, Cambridge, MA
August 18 - 21, 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
16th Annual Southwest Bankruptcy Conference
American Bankruptcy Institute
Four Seasons Las Vegas
Las Vegas, Nevada
September 4 - 6, 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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This report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including...
- Marketing your portfolio.
- Due Diligence for Buyers and Sellers.
- Evaluating the viability of a sale.
- Addressing pricing, contract and negotiation considerations.
- Attaining the most efficient transition possible, while minimizing post-sale issues.
Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
Check us out at: http://www.debtmarketplace.com/
Copyright 2001 - 2008 THE DEBT MARKETPLACE, INC. 562-903-7220
THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235
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