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Wednesday, January 28, 2009

Mid Week 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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PITY THE DEBT COLLECTOR
These should be boom times for debt collectors, with more Americans in arrears than ever. After gorging on credit over the past five or so years, consumers owe more than $2.57 trillion, according to the latest Federal Reserve estimate.
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COURTS AIM TO REVISE DEBT SETTLEMENT SYSTEMS FOR HOSPITALS AFTER BALTIMORE SUN INVESTIGATION, MARYLAND STUDY
Maryland district court officials plan to give defendants in debt collection lawsuits with hospitals new legal aid and change the way settlement conferences are handled, the Baltimore Sun reports.
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FED IN UNCHARTED WATERS, EYES NEW TOOLS
With the country reeling from a recession, Federal Reserve policymakers are weighing what other tools they can use to brace the economy.
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CREDIT CARD BREECH HITS MONTANA CONSUMERS
Hackers have hit a major processor of credit card transactions, putting millions of consumers at risk, including here in Montana.
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HEARTLAND SAYS ENTIRE INDUSTRY SHOULD REVAMP SECURITY
Heartland Payment Systems is calling for the card-payments industry to better defend itself through information sharing and security.
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VAN RU TAKES THE LEAD WITH ED
We are extremely proud of our ED Team, not only for achieving first place for the quarter, but also for increasing to a third place rank over the entire contract," said Daniel Calderon, Van Ru's President and CEO.
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CONSUMER INDEX SINKS TO ALL-TIME LOW
NEW YORK (CNNMoney.com) -- A key measure of consumer confidence fell to an all-time low in January, according to a report released Tuesday.
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FDIC TO TIGHTEN AND CLARIFY INTEREST RATE RESTRICTIONS ON INSTITUTIONS THAT ARE LESS THAN WELL-CAPITALIZED
The Board of Directors of the Federal Deposit Insurance Corporation today proposed for comment a regulatory change in the way the FDIC administers its statutory restrictions on the deposit interest rates paid by banks that are less than Well Capitalized.
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TREASURY SECRETARY OPENS TERM OPENS WITH NEW RULES
Washington, DC - In light of President Barack Obama's firm commitment to transparency, accountability and oversight in our government's approach to stabilizing the financial system, U.S. Treasury Secretary Tim Geithner today announced several key reforms to the Emergency Economic Stabilization Act (EESA). As one of his first acts as the 75th Treasury Secretary, Secretary Geithner outlined new, stepped up rules designed to limit the influence of lobbyists and special interests in the EESA process and ensure that investment decisions are guided by objective assessments in the best interest of the health and stability of the financial system.
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HOME PRICES FALL AT RECORD PACE
NEW YORK (CNNMoney.com) -- An index of home prices in 20 major metropolitan areas fell at a record annual pace in November, to levels not seen since 2004, according to a report released Tuesday.
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SIX COMPANIES ANNOUNCE MASSIVE JOB CUTS IN A SCARY START TO THE WEEK.
NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as more than 50,000 more cuts were announced on Monday alone.
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EXISTING HOME SALES IN SURPRISE JUMP
NEW YORK (CNNMoney.com) -- The number of existing homes sold in December rose 6.5% from the previous month, according to a report released Monday, as bargain hunters took advantage of plummeting prices.
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BANK FAILURES TO FLARE UP IN '09
NEW YORK -- How many banks will fail this year? No one knows of course, but the answer is many. So far in 2009, we've already had three, putting us on a one-per-week pace. That could mean a doubling of last year's tally of 25, and only slightly less than the total number of failures heretofore over the entire decade (57).
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COLLATERALIZED DEBT OBLIGATIONS CONTINUE TO RIP BANKING INDUSTRY
The future of banking will depend on the accurate rating of bank investments and loans. Rating agencies like Moody's Investor Services and Standard & Poor's have given the green light to deals that have seriously damaged the investment and banking industry.
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MARY ELLEN SYNON: RIOTING GREEKS, ANGRY GERMANS AND WHY THE EURO MAY WELL COLLAPSE
The Brussels elite are pretending the question does not arise, but the financial world knows the question is there, hanging over the entire European Union economy: is the single European currency going to break apart?
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CALL CENTRE EXPANSION
United States call centre company AllianceOne Inc says that it plans to expand its Jamaican operation, despite the recession.
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DEBT COLLECTORS 'GETTING HEAVY'
Debt collection agencies are allegedly using increasingly aggressive tactics to get clients to pay up as recession-hit households struggle to cover their bills.
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DEBTREGRET.COM SETTLES $1 MILLION FOR CLIENTS IN DECEMBER
Denver, CO - As we move into the New Year and look back over the holiday season, many people in financial straits found some relief during that time. Debt Regret fulfilled many Christmas wishes as they saved over $1 million for their clients in December. Especially in these hard times, saving that amount of money through debt settlement is phenomenal. Debt Regret offers programs that provide opportunities for their clients in financial distress to essentially start over. Debt Regret helps their clients attain freedom from debt and begin again with a fresh financial slate.
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TRANSUNION AND SUBSCRIBERWISE® ANNOUNCE JOINT MARKETING AGREEMENT
CHICAGO - TransUnion and SubscriberWise® have entered into a joint marketing agreement designed to promote the benefits and utilization of subscriber risk management solutions for the cable industry. The joint marketing efforts will focus on sales and educational initiatives aimed at independent cable operators.
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COMMERCIAL COLLECTION BUREAU NAMES NEW CHIEF FINANCIAL OFFICER
ST. PAUL, MN - Commercial Collection Bureau, Inc. ("CCB"), the leader in innovative and effective commercial collection services, today announced that Cody W. Ayres has joined the company as Chief Financial Officer. Most recently, Ayres served as Chief Financial Officer of Grocery Shopping Network ("GSN"), a leading provider of premier content, software, and advertising services for supermarkets and consumer packaged goods companies.
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GENERAL ELECTRIC SEES MORE CREDIT LOSSES IN 2009
NEW YORK (MarketWatch) -- Following one of the most traumatic market periods in its 117-year history, General Electric Co. said Friday it foresees more credit losses in 2009 and plans to bulk up its cash reserve to weather the current recession.
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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

$22,789,261.00     Auto Deficiencies
Trilogy Capital Management, LLC
http://www.debtconnection.com/portfolio.asp?661
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3718

Agency

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

NATIONAL RECOVERY SERVICE LLC
913-406-3078

Debt Buyers

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

THE REMBERT AGENCY
703-300-8436

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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