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Wednesday, August 20, 2008
This Weeks Articles:
DCS 2008 BLACK TIE AWARDS AND CHARITY GALA
Join us for a sparkling and elegant Thursday Evening at the Cool Coastal Californian San Diego Marriott Hotel & Marina. Be there as some leading creditors present Tribute Awards to recognize their top agencies and join us in honoring the Industry Choice Award recipients. The DCS 2008 Black Tie Tribute Awards and Charity Dinner will also raise money to support two worthy charities. All the proceeds from the Auction and Key Drawing will benefit Children's Hospital of Orange County (CHOC) and Rady Children's Hospital of San Diego.

Absolute Resolutions Corp. has donated a 2008 Pontiac Solstice that will be the prize in an opportunity drawing. There will also be the popular Key Box and a live auction, with our guest auctioneer, Jim Belushi. Featured auction items include a 9 day trip for two to Greece, donated by Creditors Interchange.

There is still time to have your donations included in the Key Box or Live Auction.
You can contact Resource Management Services, Inc at 562-906-1101 or donate an item on-line at: http://www.dcs2008.com/donation.asp


For more information on DCS2008 please go to www.dcs2008.com

FTC ISSUES FINAL TELEMARKETING SALES RULE AMENDMENTS REGARDING PRERECORDED CALLS
The Federal Trade Commission today announced two amendments to the Telemarketing Sales Rule (TSR). One will expressly bar telemarketing calls that deliver prerecorded messages, unless a consumer previously has agreed to accept such calls from the seller. The other related technical amendment modifies the TSR's method of calculating the maximum permissible level of "call abandonment."
read more

LOAN MODIFICATION PROGRAM FOR DISTRESSED INDYMAC MORTGAGE LOANS
IndyMac Federal Bank, FSB ("Indymac Federal") will implement a new program to systematically modify troubled mortgages. The program is designed to achieve affordable and sustainable mortgage payments for borrowers and increase the value of distressed mortgages by rehabilitating them into performing loans. This in turn will maximize value for the FDIC, as well as improve returns to the creditors of the former IndyMac Bank and to investors in those mortgages. The new program will help IndyMac Federal improve its mortgage portfolio and servicing by modifying troubled mortgages, where appropriate, into performing mortgages.
read more

CONSUMERS FACE RISING MEDICAL DEBT: SURVEY
A growing number of U.S. adults are struggling to pay their medical bills, tapping into savings accounts, home equity and credit cards to cover health care costs, according to a survey released on Wednesday.
read more

OFFICIALS CLASH OVER FANNIE, FREDDIE
Richmond Federal Reserve Bank President Jeffrey Lacker called for "demonstrably" privatizing Fannie Mae and Freddie Mac, becoming the first Fed official to publicly clash with the Bush administration's strategy of keeping them as federally backed firms.
read more

FANNIE, FREDDIE PLUNGE AGAIN
NEW YORK (CNNMoney.com) -- Battered mortgage giants Fannie Mae and Freddie Mac took yet another hit at the start of trading Wednesday as concerns grew about a possible government bailout.
read more

FTC TO HOST WORKSHOP TO EXPLORE CONSUMER PROTECTION AND PRIVACY IMPLICATIONS OF RADIO FREQUENCY IDENTIFICATION APPLICATIONS
The Federal Trade Commission will host a "Transatlantic RFID Workshop on Consumer Privacy and Data Security" on September 23, 2008, to explore emerging applications of radio frequency identification technology and their implications for consumer protection policy. The workshop will bring together industry representatives, government officials, and consumer advocates from Europe and the United States to discuss security and privacy concerns associated with RFID technology. The workshop, which is free and open to the public, will be held at the Federal Trade Commission Conference Center, 601 New Jersey Avenue, N.W.,Washington, DC 20001. Members of the public and press who wish to participate, but are unable to attend in person, can view a live webcast on the FTC's Web site.
read more

VISA AND LEADING NORTH AMERICAN BANKS LAUNCH TRANSACTION NOTIFICATION PILOT
Visa (NYSE:V), the global leader in payments, and eight leading North American financial institutions - PNC Bank, SunTrust Bank, U.S. Bank, Wachovia, and Wells Fargo in the United States, and Royal Bank of Canada, TD Bank Financial Group, and Vancity in Canada - have agreed to initiate a pilot program with up to a total of 2,000 participants to test the delivery of real-time notification alerts on Visa accounts.
read more

DISCOVER(R) CARD LAUNCHES INCOME GAP PROTECTION
RIVERWOODS, Ill. - Discover Financial Services (NYSE: DFS) announced today the launch of Discover(R) Income Gap Protection, a supplemental loss-of-income offering designed to pay benefits directly to the customer to help cover monthly expenses.
read more

TRANSUNION'S SMARTMOVE PROVIDES INDEPENDENT RENTAL OWNERS WITH NEW LEVEL OF RISK INSIGHT
CHICAGO - TransUnion today announced the launch of SmartMove (http://www.mysmartmove.com/), an affordable online solution to help independent rental owners and multi-family operators better evaluate prospective applicants' rental applications. The solution comes at a time when new renters may be re-entering the rental market due to a deteriorating housing market and current homeowners are converting their houses into rental properties in response to a slumping housing market.
read more

CONVERGYS EXTENDS AGREEMENT TO PROVIDE CUSTOMER CARE SUPPORT AND BACK OFFICE PROCESSING FOR COMCAST
Cincinnati - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today it has signed a new agreement with Comcast Corporation (NASDAQ: CMCSK, CMCSA), the nation's leading provider of entertainment, information, and communications.
read more

DEBTX TO SELL $292 MILLION IN RESIDENTIAL REAL ESTATE LOANS
BOSTON - DebtX, the largest online marketplace for debt, today announced the sale of more than $292 million in non-performing residential real estate loans.
read more

HAMILTON TOWNSHIP COMPANY EXPANDS NORTH, INTO TORONTO
HAMILTON TOWNSHIP - Looking to capitalize on its Canadian connections, the telephone messaging company Global Connect has opened a location in Toronto to tap into a fertile market up north. The Mays Landing-based company's voice-automated technology creates prerecorded telephone messages for services such as reverse-911, political polling or debt-collection notification. Its clients include municipal governments in Cape May County, casinos in Atlantic City and private collection agencies.
read more

FAIR ISAAC LAUNCHES FRAUD ALERT NETWORK FORUM
Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today introduced the Fraud Alert Network Forum, an online community in which financial professionals share tips, techniques and experiences in dealing with increasingly sophisticated fraud schemes. The new forum (www.fraudalertnetwork.com), previously known as the CardAlert Fraud Forum, originally launched in 2002.
read more

FORECLOSURES SOAR DESPITE EFFORTS TO HELP
The magnitude of home foreclosures appears to be overwhelming the efforts of lenders to help distressed borrowers keep their homes.
read more

MORGAN STANLEY TO REPURCHASE AUCTION RATE SECURITIES
Morgan Stanley announced today that it will repurchase at par auction rate securities (ARS) that are held by its retail accounts and were purchased through the Firm prior to February 13, 2008.
read more

JPMORGAN CHASE TO SETTLE WITH STATE SECURITIES REGULATORS AND OFFER TO PURCHASE CERTAIN CUSTOMERS' AUCTION RATE SECURITIES
JPMorgan Chase & Co. ("JPMorgan Chase") announced today that, as part of the Firm's ongoing commitment to its customers and as part of an agreement in principle to settle investigations by the New York State Attorney General's Office and the Office of Financial Regulation of the State of Florida (on behalf of the North American Securities Administrators Association ("NASAA")), it will offer to purchase at par auction rate securities ("ARS") that are held by individual customers and certain charities and small-to-medium-sized businesses and that were purchased through the Firm prior to February 12, 2008.
read more

DEBT COLLECTOR MAY ADD 700 JOBS
Capital Management Services L. P. has established a new, independent business, Center One Capital, which is operating as a customer service center for Delaware-based MasterCard and Visa issuer Continental Finance.
read more

CENTURY BANCSHARES, WELLS FARGO ANNOUNCE DEFINITIVE AGREEMENT
Wells Fargo & Company (NYSE:WFC) and Century Bancshares, Inc. said today they have signed a definitive agreement for Wells Fargo to acquire Century Bancshares and its banking operations in Dallas-Fort Worth, and Texarkana, Texas and Arkansas in a stock-for-stock merger. As a result of the acquisition, Arkansas will become Wells Fargo's 24th community banking state.
read more

NATION'S FORECLOSURE PLAGUE WIDENS
The foreclosure juggernaut lurched forward in July as banks took back 77,295 homes - up 8% in a month and 183% in a year, a report issued Thursday shows.
read more

FIRST DATA REPORTS SECOND QUARTER 2008 REVENUE GROWTH OF 10%
First Data Corp. today reported its financial results for the second quarter of 2008. Consolidated revenues were up 10% to $2.2 billion. The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7% to $653 million.
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
$442,566.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?581  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$2,193,979.00     Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?580  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

$1,579,906.00     Consumer Loans, Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?579  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

Agency
DAVIS DAVIS ATTORNEYS P.C. (PITTSBURGH)
412-344-0400

UNITED RECOVERY SYSTEMS, LP
713-458-4975

BIG SKY COLLECTION BUREAU
208-936-4701

SHAFFER & ASSOCIATES
573-875-7966

ESSENTIAL SERVICES
17862313888

Brokers
BIG SKY RESEARCH BUREAU, INC.
208-936-4701

DATA HOUSE INCORPORATED
866-461-7243

Consultants
BIG SKY RESEARCH BUREAU, INC.
208-936-4701

Debt Buyers
CAPIO PARTNERS, LLC
Douglas Sawyer
678-682-3680
More Information

DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information

PEC LLC
212-461-0856
More Information

PROFESSIONAL RECOVERY SYSTEMS, LLC
Seth Hill
800-308-5101
More Information

SOUTH LAKE FINANCIAL SERVICES
732-363-1226

BIG SKY RESEARCH BUREAU, INC.
208-936-4701

GFS, INCORPORATED
573-875-7966

CSG ACQUISITIONS, INC.
201-592-0724

FIRST COAST RECEIVABLES, LLC.
904-514-9494

PRIDE FINANCIAL
609-954-0724

Debt Sellers
PROFESSIONAL RECOVERY SYSTEMS, LLC
Seth Hill
800-308-5101
More Information

INTERNET EXPRESS, INC.
858-342-2830

PHOENIX CREDIT, LLC
615-232-9223

BROOKHAVEN ASSETS MANAGEMENT, LLC
817-790-0319

T. GORDON LAMB
770-888-9942

BIG SKY RESEARCH BUREAU, INC.
208-936-4701

CJC CAPITAL FUNDING INC
716-481-0153

CREATIVE FINANCIAL SOLUTIONS
800-259-9861

GFS, INCORPORATED
573-875-7966

FORTUNE PORTFOLIO MANAGEMENT INC.
516-644-2488

SHEPS SHELTIES
989-753-5855

Legal Networks/Services
DAVIS DAVIS ATTORNEYS P.C. (PITTSBURGH)
412-344-0400

Skip Tracing
MERLIN INFORMATION SERVICES
877-781-8688

Software
ACCELERATED DATA SYSTEMS
Thomas Mohr
904-996-7304
More Information

Industry Events
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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