NATIONWIDE DEBT COLLECTOR WILL PAY $2.25 MILLION TO SETTLE FTC CHARGES
Academy Collection Service, Inc. and its owner, Keith Dickstein, have agreed to pay $2.25 million to settle Federal Trade Commission charges that Academy and its collectors misled, threatened, and harassed consumers; disclosed their debts to third parties; and deposited postdated checks early, in violation of federal law. This is the largest civil penalty the FTC has obtained in a debt collection case.
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INDIAN BPO BRINGS JOBS TO NORTHERN IRELAND
LONDON: Amidst global economic recession, Indian call centre major Firstsource has sparked early Christmas cheer in Northern Ireland by announcing plans to create 160 more jobs in the region.
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BUYER OF DEBT IN DEFAULT IS COLLECTOR, NOT CREDITOR
Whether the purchaser of a debt is a "debt collector" or "creditor" depends on whether the debt is in default at the time of purchase. But the law does not define when a debt goes from mere delinquency into default status.
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STRUGGLING DEBT COLLECTORS TO DEBTORS: LET'S MAKE A DEAL
As credit card and other debt delinquencies have risen over the past six months, collecting on overdue and bad debt has declined sharply, industry observers say.
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CITIGROUP AND OTHER BIG-NAME BANKS ARE CONTINUING TO PLUNGE. AND IT MAY NOT BE OVER.
NEW YORK - Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It's anybody guess when the selloff will end.
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AN M&A BOOM IN DEBT COLLECTORS
M&A is heating up as buyers see a promising future in pursuing consumers' unpaid bills.
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TRANSUNION'S TRENDINSIGHT PROVIDES LENDERS WITH NEW ANALYSIS OF CONSUMER BEHAVIOR AND DEBT MANAGEMENT
CHICAGO and HONG KONG - Focusing on new ways to reduce lending risks, TransUnion today announced TrendInsight, a first of its kind solution in Hong Kong to help lenders anticipate and predict consumer spending and payment behaviors.
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FDIC ANNOUNCES AVAILABILITY OF INDYMAC LOAN MODIFICATION MODEL
The Federal Deposit Insurance Corporation (FDIC) announces the availability of a comprehensive package of information to give servicers and financial institutions all of the tools necessary to implement a systematic and streamlined approach to modifying loans based on the FDIC Loan Modification Program initiated at IndyMac Federal Bank (IndyMac).
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GMAC FILES TO BECOME A BANK, ELIGIBLE FOR GOVERNMENT AID
DENVER - GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue plan.
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TUCSON CITI CALL CENTER EXPANDING AS PARENT CUTS 52,000 JOBS
NEW YORK - Citigroup on Monday said it would slash 52,000 jobs over the next few months to become a trimmer bank and better position itself during the current global economic slowdown.
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MORE HOMEOWNERS ARE FALLING BEHIND ON THEIR MORTGAGES BECAUSE THEY'VE LOST THEIR JOBS. AND THERE'S LITTLE HELP COMING THEIR WAY.
NEW YORK (CNNMoney.com) -- All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.
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UNION PRESSES OBAMA TO COLLABORATE ON LABOR ISSUES
The nation's largest independent union of federal employees hopes to work with President-elect Barack Obama to end the Transportation Security Administration's pay-for-performance system, eliminate the Internal Revenue Service private debt collection program, and reduce contracting by federal agencies.
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VENGROFF, WILLIAMS & ASSOCIATES, INC. STREAMLINES ACCOUNTS
Garden Grove, Calif. - Vengroff, Williams & Associates, Inc., a global provider of receivables management and business process outsourcing solutions, announced today that The Inventure Group and Rieck Services have increased cash collected by 58%, while liquidity in the past three months alone, has increased more than 10% by outsourcing to Vengroff, Williams and Associates.
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APPRAISAL AND EVALUATION GUIDELINES
The federal bank, thrift and credit union regulatory agencies are requesting comments on the attached proposed revisions to the Interagency Appraisal and Evaluation Guidelines (Guidelines), which address supervisory matters relating to real estate appraisals and evaluations used to support real estate-related financial transactions.
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USA - STUDY FINDS COLLECTION AGENCIES AWASH IN WORK; ECONOMY FORCING STRATEGY SHIFT
Debt collection agencies in the United States are experiencing a surge in account placements from their clients: cash-strapped banks and creditors.
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WAMU JOB LOSSES COULD TOP 3,000
SEATTLE -- Washington Mutual's new owner, JPMorgan Chase, is expected to lay off thousands of Seattle workers over the next several months as it shifts operations to its New York headquarters and other business centers around the country.
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CITI IN $17.4B MOVE ON TROUBLED ASSETS
NEW YORK (AP) -- Citigroup Inc. said Wednesday it is acquiring the remaining $17.4 billion in assets held by structured investment vehicles (SIV) it already supports, as the bank moves to unwind the troubled funds.
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ALL-IN-ONE CREDIT/DEBIT CARD MAY BE COMING SOON FOR CHICAGO TRANSIT RIDERS
The Chicago Transit Authority is hoping to cash in on the latest transit wave: using credit cards to pay for those rides.
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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 | $11,918,975.00 Credit Cards
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?632
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250
| | Agency | CAPITOL COLLECTION SERVICES CORP
800-509-4983
TRUSTMAN & CO
9312272269
SYNERGETIC COMMUNICATION, INC.
866-503-9755
| | Attorney | GORDON & WEINBERG, P.C.
John Engel
484-351-0500
More Information
STEVEN C. FRASER, PA
Steve Fraser
904-622-8897
More Information
TRUSTMAN GROUP
Kaviraj SIngh
9312272269
More Information
THE FORWARDERS LIST OF ATTORNEYS
Gary Tier
800-638-9200
More Information
SYNERGETIC COMMUNICATION, INC.
Mark Savoie
866-503-9755
More Information
THIEBLOT RYAN
Pam Meyers
410-837-1140
More Information
VERIFACTS INC
Stephanie Clark
800-542-7434
More Information
THOMPSON & ASSOCIATES, P.C.
Steven B. Taylor
978-296-5913
More Information
FEIN, SUCH, KAHN & SHEPARD, P.C.
Chad Pedersen
973-538-4700
More Information
STENGER & STENGER, P.C.
Amanda McKendry
616-940-1190
More Information
PATRICK SCANLON, PA
302-424-1996
| | Brokers | TOTAL A$$ETS RECOVERY, CONNECTION
817-842-9067
| | Consultants | CAPITAL FINANCE
760-776-5749
| | Debt Buyers | MIDWEST ASSET CONTROL
John
402-933-0015
More Information
TOTAL A$$ETS RECOVERY, CONNECTION
Johnny Williams
817-842-9067
More Information
CAPITAL FINANCE
Steven Fried
760-776-5749
More Information
ZBS&ASSOCIATES
ZEN OR TJ
404-454-5620
More Information
ECKLIPSE TECHNOLOGIES
Armando A. Rodriguez
347-661-4876
More Information
ASA FINANCIAL LLC
JOSEPH ALLIA
609-858-2826
More Information
BAYVIEW FINANCIAL SOLUTIONS
727-823-4500
CAPITAL ALLIANCE FINANCIAL LLC
616-940-1190
| | Debt Sellers | TOTAL A$$ETS RECOVERY, CONNECTION
817-842-9067
| | Deceased | US CREDIT CORPORATION
800-331-6100
| | Investment Firms | ECKLIPSE
347-661-4876
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Industry Events
|
Financial Services Going Green
SourceMedia, Inc.
Hilton San Francisco
San Francisco, CA
December 2, 2008
More Information
2008 Student Lending Conference
Consumer Bankers Association
Ritz Carlton Pentagon City
Arlington, VA
December 3 - 5, 2008
More Information
20th Annual Winter Leadership Conference
American Bankruptcy Institute
Westin La Paloma Resort & Spa
Tucson, AZ
December 4 - 6, 2008
More Information
Collection Technology Summit 2009
Royal Media Group
Hilton La Jolla Torrey Pines
La Jolla, CA
January 14 - 16, 2009
More Information
14th Annual Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Westin Tabor Center
Denver, CO
January 22 - 23, 2009
More Information
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| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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