CREDIT UNION FEDERAL INSURANCE COVERAGE TO RISE TO $250,000 UNDER NEW FINANCIAL RESCUE LEGISLATION
WASHINGTON - New legislation to be considered by the U.S. Senate tonight (and later by the House) will increase the level of federal insurance for credit union savings to $250,000.
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IAT, A LEADING PROVIDER OF COMMUNICATION TECHNOLOGY FOR THE COLLECTION INDUSTRY HAS PARTNERED WITH CUBS CONSULTING, INC.
Salt Lake City, UT, - IAT, a leading provider of communication technology for the collection industry and related markets, announced today that they have partnered with Cubs Consulting, Inc. (CCI), to provide a real-time integration between The Collector System® from Columbia Ultimate and CT Center®, IAT's total predictive dialing and interactive contacting solution for collection organizations of all sizes. Users of IAT hosted services are also benefiting from the Cubs Consulting integration between The Collector System and CT Impact®.
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DISCOVER FINANCIAL SERVICES RECOGNIZED FOR INFORMATION TECHNOLOGY INNOVATION
RIVERWOODS, Ill. - Discover Financial Services has been named to the 2008 InformationWeek 500 list of the most innovative users of information technology for the third consecutive year.
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CREDIT CRISIS: CAR DEALERS SQUEEZED FROM ALL SIDES
If you want to see how America's credit crisis is hitting the streets of your hometown, go to your local car dealer. Auto dealers depend on credit. They need it to run their stores and their customers need it to buy their products. From every angle, credit trouble hurts.
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U.S. BANK INVESTS IN CINCINNATI WITH "POWERBANK" STRATEGY; HIRES MORE BRANCH EMPLOYEES AND EXTENDS HOURS
CINCINNATI - U.S. Bank announced plans today to invest more than $3 million in the Cincinnati market as it rolls out its "Powerbank" strategy. Aimed at improving the customer experience, U.S. Bank's strategy focuses on a number of enhancements, including refurbished branches and ATMs, more branch staff, extended branch hours, self-serve coin counters, and more competitive interest rates. The initiative, which officially kicks off October 1, will be implemented at 118 U.S. Bank branches in Cincinnati, Northern Kentucky and 23 branches in Dayton.
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BAD CREDIT-CARD DEBT COULD BE NEXT SHOT TO ECONOMY, RESEARCHER SAYS
CHICAGO (MarketWatch) -- Credit-card debt is on the brink of imploding and will be the next storm to hit the fragile finance industry, an investment research firm predicted this week.
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600,000 JOBS LOST - AND COUNTING
Job losses have been mounting, and the slowing economy and credit crunch is likely to take an even greater toll in the coming months.
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MORTGAGE APPLICATIONS PLUNGE 23%: MORTGAGE BANKERS ASSOC.
In yet another sign of the economic crisis, the Mortgage Bankers Association said Wednesday that mortgage applications plunged 23% last week.
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FDIC URGES TEMPORARY HIKE IN INSURED DEPOSIT LIMIT
WASHINGTON - The agency that protects U.S. bank deposits is asking Congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis.
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THE FEDERAL RESERVE BOARD ANNOUNCED TUESDAY THAT THE CONSUMER ADVISORY COUNCIL WILL HOLD ITS NEXT MEETING ON THURSDAY, OCTOBER 23.
The Federal Reserve Board announced Tuesday that the Consumer Advisory Council will hold its next meeting on Thursday, October 23. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. Anyone planning to attend the meeting should, for security purposes, register no later than Tuesday, October 21, by completing the form found online at: https://www.federalreserve.gov/secure/forms/cacregistration.cfm. Additionally, attendees must present photo identification to enter the building.
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CREDIT MARKETS ARE STILL TIGHT, TREASURYS EASE
Credit markets remained under pressure Tuesday, with investors waiting to see how Washington will respond to the House's rejection of a financial bailout plan.
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LIVEVOX PROVIDES ANALYTIC TOOL TO POWER COLLECTIONS PRODUCTIVITY
SAN FRANCISCO, September 30, 2008 - LiveVox, the leading provider of hosted-dialer solutions, today announced it is the first to deliver in a hosted environment a real-time analytic tool that gives collections organizations visibility into dialing strategy effectiveness, agent accountability and productivity gains.
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BAILOUT REJECTED; NEW BILL VOWED
WASHINGTON - President Bush and congressional leaders, stunned by the defeat of a $700 billion Wall Street bailout plan yesterday, vowed to quickly craft a new proposal to win over skeptical lawmakers before the worst financial crisis in generations deteriorates into a widespread economic meltdown.
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REGIONAL BANKS IN UPPER MIDWEST, FLORIDA AND CALIFORNIA VULNERABLE TO POSSIBLE FAILURE, EXPERT SAYS.
NEW YORK (CNNMoney.com) -- Following Citigroup's takeover of Wachovia and the collapse of Washington Mutual, Wall Street is wondering who's next.
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SBA LENDING STEADY, SAYS DIRECTOR
Although lending has slowed down nationwide, in part due to concerns about the financial industry, The Tennessee District Director of the U.S. Small Business Administration said that SBA lending in Tennessee this year has been on a par with last year.
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RAB IMPLEMENTS ONTARIO SYSTEMS' HOSTED TELEPHONY PLATFORM
Memphis-based Regional Adjustment Bureau announced the implementation of Ontario Systems Verified Contacts On-Demand today. Verified Contacts On-Demand is Ontario Systems' first Software-as-a-Service module, with many more to come.
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UTAH BANKS SOLID AMID CASH CRISIS
Despite the crisis facing the nation's financial industry, Utah's banks generally are sound, experts say, though the balance sheets of a few are fraying. Granted, in today's turbulent environment there are no guarantees, but three ratings services say only a handful of the 70 institutions in Utah are struggling, with the rest carrying on with business as usual.
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DISCOVER(R) SMALL BUSINESS WATCH(SM): SMALL BUSINESS ECONOMIC CONFIDENCE FALLS SHARPLY
Economic confidence among small business owners declined sharply in September amid rising concerns about economic conditions for their businesses and a bleak vision of where the economy is headed. The Discover(R) Small Business Watch(SM) fell to 74.6 in September, down 12.3 points from August.
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CITIGROUP BUYS WACHOVIA BANK ASSETS FOR $2.2B
NEW YORK (CNNMoney.com) -- Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal, following much speculation over the weekend about the fate of the nation's fourth-largest bank.
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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 | $1,178,989.00 Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?606
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$19,600,000.00 Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?605
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247
$49,283,443.00 Auto Deficiencies
AmeriCredit Financial Services
http://www.debtconnection.com/portfolio.asp?604
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3538
$75,001,039.00 Auto Deficiencies
AmeriCredit Financial Services
http://www.debtconnection.com/portfolio.asp?603
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3538
$25,012,328.00 Auto Deficiencies
AmeriCredit Financial Services
http://www.debtconnection.com/portfolio.asp?602
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3538
$39,597,915.00 Auto Deficiencies
AmeriCredit Financial Services
http://www.debtconnection.com/portfolio.asp?601
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3538
$40,003,276.00 Auto Deficiencies
AmeriCredit Financial Services
http://www.debtconnection.com/portfolio.asp?600
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3538
| | Agency | DRS/BONDED COLLECTION SYSTEMS
513-793-7900
| | Debt Sellers | GLASS MOUNTAIN CAPITAL LLC
800-583-0905
| | Skip Tracing | TGIM FINANCIAL INC
888-390-6644
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Industry Events
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28th Annual Midwestern Bankruptcy Institute
American Bankruptcy Institute
H. Roe Bartle Hall Convention Center
Kansas City, Missouri
October 3, 2008
More Information
Midwestern Consumer Forum
American Bankruptcy Institute
H. Roe Bartle Hall Convention Center
Kansas City, Missouri
October 3, 2008
More Information
Recovery Management Strategies and Techniques
Resource Management Services, Inc.
Hyatt Rosemont Chicago O'Hare Airport
Chicago, IL
October 7 - 9, 2008
More Information
Chicago Consumer Bankruptcy Conference
American Bankruptcy Institute
The Standard Club
Chicago, Illinois
October 13, 2008
More Information
Distressed Retailed Summit
Infocast
Digital Sandbox
New York, NY
October 16 - 17, 2008
More Information
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| At A Glance - Wednesday, January 09, 2008 |
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