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Friday, January 23, 2009

This Weeks Articles:

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SMALL BUSINESS CARD STUDY EXTENDED THROUGH FEBRUARY 13, 2009
The Debt Marketplace, Inc., in conjunction with its sister company, Resource Management Services, Inc. (RMS), has composed an innovative joint research project focused on Small Business credit card issues faced by creditors, collection agencies, attorneys and debt buyers in today's financial environment. Small business card research project will be extended through February 13, 2009. If you have not taken the survey now is the time.
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WORKER TAX CUT: MAYBE NOT SO IMMEDIATE
Congress is racing to pass a giant bill to stimulate the economy. But a key piece of it may be a little slower in coming than many people expect.
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THE NEW YEAR BRINGS NEW PLANS FOR SMALL BUSINESS OWNERS - CONTINGENCY PLANS
Many small business owners say that they're prepared to eliminate some positions or reduce the number of hours employees work as part of their contingency planning for 2009. According to the most recent Wells Fargo/Gallup Small Business Index, surveyed in November, almost half of the small businesses said they have developed a contingency plan in case their company's financial health declines. Fifty-eight percent of those businesses said they would reduce employee hours and 51 percent said they would eliminate some positions if they needed to act on their contingency plans.
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FTC LAUNCHES REDRESS PROGRAM FOR MORTGAGE LOAN VICTIMS
The Federal Trade Commission today announced that the agency returned almost $28 million to consumers this week as a result of a settlement with The Bear Stearns Companies, LLC and EMC Mortgage Corporation. Using the defendants' records, about 86,000 consumers who had mortgage loans serviced by EMC have been mailed redress checks.
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ANTHRAX SCARE SHUTS DOWN DEBT COLLECTION AGENCY
AN OFFICE block was sealed off with employees quarantined during an anthrax scare. A female worker at Kilmarnock's debt collection agency had a nosebleed just hours after opening a suspicious letter with white powder inside on Monday.
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PARKING TICKETS TO GO TO COLLECTIONS
Those painful $40 parking tickets, which keep most people in Woodland's downtown playing musical cars during weekdays, are about to become even more painful.
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ILL. AG SAYS COLLECTION AGENCY THREATENED DEBTORS
MOUNT CARMEL, Ill. - Ill. Attorney General Lisa Madigan is suing a collection agency that she says used threatening and abusive language toward debtors and their families while trying to collect on payday loans made in the state.
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BANK OF AMERICA NAMES MOYNIHAN TO HEAD GLOBAL BANKING AND WEALTH MANAGEMENT
CHARLOTTE, N.C., Jan. 22 - Bank of America today announced that Brian Moynihan has been named President of Global Banking and Global Wealth and Investment Management.
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CITI NAMES RICHARD D. PARSONS AS CHAIRMAN OF THE BOARD OF DIRECTORS
NEW YORK - (Business Wire) Citi (NYSE: C) today announced that Lead Director and Chair of the Board's Nomination and Governance Committee, Richard D. Parsons, will succeed Sir Win Bischoff as Chairman of the Board of Directors, effective February 23. Sir Win, who has been with Citi since 2000, said he will not stand for re-election to the Board at Citi's next Annual Meeting and will retire from Citi later this year.
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30-YEAR FIXED RATES CLIMB BACK ABOVE 5%
NEW YORK (CNNMoney.com) -- Interest rates on 30-year fixed rate mortgages rose after an 11 week streak of declines.
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U.S. BANK RESULTS PLUMMET AS CREDIT PROBLEMS SOAR
NEW YORK (Reuters) - A series of large U.S. regional banks on Thursday said rising credit losses led to lower fourth-quarter earnings, illustrating the breadth and depth of the nation's credit crisis and recession.
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REGIONAL BANKS GET HIT HARD
NEW YORK (CNNMoney.com) -- It is not just the big guys in banking that are taking a hit in this recession. Regional banks across the nation are also posting dismal results for the fourth quarter.
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TARGET'S UNPAID CREDIT CARD DEBT GROWS
More of Target Corporation's credit card debt is going unpaid, leaving the retailer with uncomfortably high write-off rates.
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MINN. AG SUES ALLINA OVER INTEREST ON MEDICAL DEBT
MINNEAPOLIS - The Minnesota attorney general sued Allina Health System on Thursday, alleging that it charged illegally high interest rates of up to 18 percent on medical debts.
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MICROSOFT SLASHES UP TO 5,000 JOBS
NEW YORK (CNNMoney.com) -- Software maker Microsoft Corp. announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.
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JOBLESS CLAIMS SURGE TO 26-YEAR HIGH
NEW YORK (CNNMoney.com) -- The number of Americans filing for first-time unemployment benefits rose last week to a 26-year high, according to a government report released Thursday.
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EX-MERRILL CHIEF THAIN LEAVING BANK OF AMERICA
NEW YORK (CNNMoney.com) -- Former Merrill Lynch CEO John Thain will leave Bank of America, a company spokesman said Thursday, just months after he shepherded a deal between the two firms during the height of the financial crisis.
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DON'T BET ON BANK NATIONALIZATION
Investors can't seem to shake the notion the U.S. will seize control of a big bank. But experts don't think that's likely.
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BANKS URGED TO CHANGE SECURITY POLICIES
Basic security questions, such as asking for a user's mother's maiden name or post code, can be circumvented far too easily and should not be used, according to Symantec.
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BANCO GALICIA TO PARTICIPATE IN ARGENTINE DEBT SWAP
Jan. 21 (Bloomberg) -- Banco Galicia, Argentina's biggest private lender, will participate in a local debt exchange that the government is carrying out as part of an effort to extend maturities, a bank spokesman said.
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MICHELLE DUNN COLUMN TO APPEAR IN COLLECTOR MENTOR
ADEL, IOWA (January 5, 2009) - Skills World announced today that credit and collections industry expert Michelle Dunn's "Getting Paid" column will appear regularly in collector mentor starting in March.
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CONGRESS PUSHES FOR CREDIT CARD
(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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COLUMBIA ULTIMATE FOCUSES ON SOLUTIONS TO SUPPORT AGENCIES AMID MARKET CHALLENGES
VANCOUVER, Wash. - January 20, 2009 - Columbia Ultimate, the industry expert in providing software and integrated solutions for collecting money, today announced that it is entering 2009 with expanded offerings to help agency clients optimize overall collection performance due to economic challenges that have lead to a significant increase in placements with significant lower liquidation rates.
read more

UNITED AIRLINES TO CUT 1,000 JOBS
NEW YORK (CNNMoney.com) -- United Airlines, one of the leading U.S.-based carriers, said Wednesday it will cut an additional 1,000 jobs to reduce overhead costs.
read more

FORCING BANKS TO LEND IS A BAD IDEA
NEW YORK (CNNMoney.com) -- If you want taxpayer money, you better lend it out.
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

$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

Agency

DAL, INC.
Debbie Longhi
800-355-9999
More Information

Attorney

LAW OFFICES OF ALAN R. MEGE
610-954-5393

Debt Buyers

GLOBAL DEBT NETWORK, INC.
Monica Maynerick
866-559-4339
More Information

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

Debt Sellers

GLOBAL DEBT NETWORK, INC.
Monica Maynerick
866-559-4339
More Information

Legal Networks/Services

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

FORECLOSURE MANAGEMENT COMPANY
913-620-4837

Mail Services

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

Industry Events

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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