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Wednesday, January 21, 2009

Mid-Week Articles:

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FTC SAYS MORTGAGE BROKER BROKE DATA SECURITY LAWS: DUMPSTER WRONG PLACE FOR CONSUMERS' PERSONAL INFORMATION
The Federal Trade Commission has charged a mortgage broker with discarding consumers' tax returns, credit reports, and other sensitive personal and financial information in an unsecured dumpster, in violation of federal law.
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DIXON: FTC EXPERTISE NEEDED TO FIGHT MEDICAL ID THEFT
The federal government has a key role to play in researching and organizing a national response to the problem of medical identity theft, authors of a government-funded study have concluded.
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CR SOFTWARE® INTEGRATES TRANSUNION TRIGGERS FOR COLLECTIONS INTO THE COLLECTION RESOURCE SYSTEM™
Fairfax, VA, January 21, 2009 - CR Software LLC (CRS), the leading financial software solutions provider to collections entities, and TransUnion, a leading global information solutions company, are pleased to announce that TransUnion Triggers for Collections is now fully integrated within the CR Software Platinum system allowing for seamless batch processing.
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GEITHNER CALLS FOR TOUGHER BAILOUT TERMS
NEW YORK (CNNMoney.com) -- Treasury Secretary-designate Tim Geithner called for bold action to blunt the economic downturn and promised to tighten the terms for companies getting federal financial help.
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RBS POSTS RECORD U.K. LOSS
LONDON (Reuters) -- Royal Bank of Scotland said Monday it lost more than £20 billion ($30 billion) last year, the biggest loss in British corporate history, including a huge goodwill hit on its purchase of parts of ABN AMRO in 2007.
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EUROPE MOVES TO TAKE GREATER DIRECT CONTROL OVER BANKS
PARIS: After a first round of costly bank bailouts and stimulus programs came up short, governments in Europe are now moving more forcefully to take control over banks and their lending policies.
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IAT ANNOUNCES NEW NATIONAL SALES MANAGER
Salt Lake City, Utah - IAT, a leading provider of communications solutions for the collection industry and related markets, announced today that Ray Fowler recently joined IAT as their National Sales Manager. He brings with him 12 years of technology sales experience and has held multiple management positions. He looks forward to learning about each
customer and prospective customer's unique situation and figuring out how to help them meet their specific needs, maximize their dialing technology and increase their profitability.
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DEBTX TO SELL $252 MILLION IN LOANS FOR FDIC
DebtX, the largest marketplace for loans, today announced it will sell more than $252 million in loans from four banks in Federal Deposit Insurance Corporation (FDIC) receiverships.
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BANK OF AMERICA EARNS $4 BILLION IN 2008
CHARLOTTE, N.C., Jan. 16 /PRNewswire-FirstCall/ -- Bank of America Corporation today reported full-year 2008 profit of $4.01 billion compared with net income of $14.98 billion a year earlier.
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DISCOVER ANNOUNCES PCI DATA SECURITY MERCHANT LEVELS
RIVERWOODS, Ill.--(BUSINESS WIRE)- Discover Financial Services (NYSE: DFS), a leading credit card issuer and electronic payment services company, today announced it is rolling out an enhancement to its Discover Information Security and Compliance (DISC) program that will streamline the validation and reporting process, making it easier for merchants that process transactions on the Discover Network to communicate their compliance with the PCI Data Security Standard (DSS).
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TREASURY'S FIRST ACCOUNTS PROGRAM BRINGS THOUSANDS INTO FINANCIAL MAINSTREAM
Washington--The Treasury Department, through the First Accounts Program, has contributed to the opening of over 37,000 savings and checking accounts in urban, suburban, rural and Native American communities across the country.
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TREASURY ISSUES ADDITIONAL EXECUTIVE COMPENSATION RULES UNDER TARP
The U.S. Department of the Treasury today issued interim final rules for reporting and recordkeeping requirements under the executive compensation standards of the Troubled Asset Relief Program's (TARP) Capital Purchase Program (CPP).
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STAFF WORKING PAPERS ON SECTION 2 POSTED ON FEDERAL TRADE COMMISSION WEB SITE; FTC PUBLISHES NOTICE ON PROPOSED RULE REGARDING DEPOSITORY INSTITUTION DISCLOSURE REQUIREMENTS; FTC EXTENDS PUBLIC COMMENT PERIOD RELATED TO ENDORSEMENT GUIDES REVIEW
Staff associated with the recent Federal Trade Commission/Department of Justice Hearings on Section 2 of the Sherman Act: Single-Firm Conduct as Related to Competition, have prepared a series of working papers, covering several of the topics addressed by the hearings. The working papers have been posted on the Commission's Section 2
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CREDIT EASES SLIGHTLY ON U.K. RESCUE
NEW YORK (CNNMoney.com) -- Borrowing was slightly less expensive Monday after Britain unveiled a new bank rescue plan aimed at increasing the availability of credit and boosting bank lending.
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CONGRESS PUSHES FOR CREDIT CARD RELIEF
(CNNMoney.com) -- With last week's re-introduction in Congress of a bill to rein in what critics say are abusive credit card practices, the stage is set for a Washington battle that will determine whether entrepreneurs and other credit card users get relief soon from soaring rates and fees.
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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

$38,768,390.00     Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?658
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$43,359,308.00     Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?657
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

Debt Buyers

TOTAL A$$ETS RECOVERY, CONNECTION
Johnny Williams
817-842-9067
More Information

Legal Networks/Services

TAG MESSENGER, INC.
David Rolf
602-254-3900
More Information

FORECLOSURE MANAGEMENT COMPANY
913-620-4837

GARRETT & ASSOCIATES
310-226-7134

Mail Services

DIVDAT
Frank J. Calderone
941-351-9586
More Information

Industry Events

14th Annual Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Westin Tabor Center
Denver, CO
January 22 - 23, 2009
More Information

8th National Symposium on Privacy and Security of Consumer and Employee Information
American Conference Institute
Four Points by Sheraton
Washington, DC
January 27 - 28, 2009
More Information

DBA International Annual Conference
DBA International
Mirage Hotel
Las Vegas, NV
February 3 - 5, 2009
More Information

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