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Friday, February 27, 2009
Mid-Week Articles:
FTC REPORT URGES REFORM AND MODERNIZATION OF FEDERAL DEBT COLLECTION LAW; AGENCY ALSO ISSUES ANNUAL FDCPA REPORT TO CONGRESS
The Federal Trade Commission issued a report today recommending that the debt collection legal system be reformed and modernized to reflect changes in consumer debt, the debt collection industry, and technology.
read more

SENATE ADVANCES BILL TARGETING DEBT COLLECTORS
A bill that cleared the Senate on Thursday would let the attorney general enforce a 32-year-old law against illegal debt-collection practices.
read more

GULF COAST COLLECTION BUREAU, INC. INSTALLS CR SOFTWARE'S INTERACTIVE VOICE RESPONSE SYSTEM (IVR)
Fairfax, VA, February 26, 2009 - CR Software LLC (CRS), the leading financial software solutions provider to collections entities, announces today that it has installed the CRS Interactive Voice Response System (IVR) at Gulf Coast Collection Bureau, Inc, one of the country's leading asset recovery agencies, headquartered in Sarasota, Florida.
read more

SENATE ADVANCES BILL TARGETING DEBT COLLECTORS
A bill that cleared the Senate on Thursday would let the attorney general enforce a 32-year-old law against illegal debt-collection practices.
read more

JPMORGAN CHASE NOW SAYS UP TO 14,000 JOBS WILL BE CUT
JPMorgan Chase & Co. said yesterday it is cutting up to 14,000 jobs, more than previously disclosed, as it tries to reduce costs in light of a slumping economy and higher credit losses.
read more

CITIGROUP REACHES AID DEAL WITH GOVERNMENT
NEW YORK - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank.
read more

DEBT UPROAR PROMPTS LOVELACE APOLOGY
ALBUQUERQUE (KRQE) - Agitated patients on the receiving end of 36,000 collection notices from Lovelace Health System are getting an apology from the company president who conceded the process could have been handled better.
read more

SOUNDBITE COMMUNICATIONS REPORTS FOURTH QUARTER FISCAL YEAR 2008 FINANCIAL RESULTS
BEDFORD, Mass. - February 26, 2009 - SoundBite Communications, Inc. (NASDAQ: SDBT) today announced its financial results for the fourth quarter and full year ended December 31, 2008.
read more

IAT TO RELEASE CT CENTER 7.0 AT ANNUAL USER CONFERENCE
Salt Lake City, Utah, February 25, 2009-IAT announces it will release version 7.0 of CT Center, its site-premised product, at the IAT Annual User Conference in April.
read more

FTC TESTIFIES ON EFFORTS TO PROTECT CONSUMERS IN FINANCIAL DISTRESS
The Federal Trade Commission testified today before the U.S. Senate Committee on Commerce, Science, and Transportation about the agency's increased focus on protecting consumers in financial distress.
read more

FTC RELEASES LIST OF TOP CONSUMER COMPLAINTS IN 2008
The Federal Trade Commission today released the list of top consumer complaints received by the agency in 2008.
read more

CREDIT REPORTING POLICY HELPS MOST CUSTOMERS, DP&L SAYS
DAYTON - Dayton Power & Light's new policy of reporting customer payment histories to a national credit agency promises to help the majority of customers by keeping rates lower, but adversely impact a smaller number of those who are now late payers, officials with the utility said Wednesday, Feb. 25.
read more

BARCLAYS TO OPEN NEW CUSTOMER CONTACT CENTER IN NEWARK, DELAWARE
WILMINGTON, Del. (Map) - New Facility Will Accommodate Rapid Growth, Represents New Jobs for Area
read more

JPMORGAN EXPECTS PROFITABLE QUARTER, 12,000 WAMU LAYOFFS
NEW YORK -(Dow Jones)- Executives at JPMorgan Chase & Co. (JPM) said Thursday that the New York bank expects to post a solid profit in this year's first quarter, and will eliminate a total of 12,000 jobs within its Washington Mutual retail banking unit.
read more

AMERICAN EXPRESS PAYS CUSTOMERS $300 TO CLOSE ACCOUNTS
American Express plans to pay off some customers.
read more

BUYER / SELLER 101 APRIL 22 - 23, 2009 CHICAGO CLASS HAS SEATS AVAILABLE
The Debt Marketplace, Inc. is committed to providing comprehensive industry resources for maximizing returns and controlling risk and announces that seats are still aveailable for its Buyer / Seller 101 course in Chicago, IL.
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
$2,787,122.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?671  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$17,000,000.00     Judgments
K2 Acquisitions, LLC
http://www.debtconnection.com/portfolio.asp?670  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?366  

Attorney
UNDERWOOD LAW FIRM (SERVICING MO & IL)
Gary R. Underwood
314-621-4940
More Information

KARAS & BRADFORD
410-836-0202

Debt Buyers
EHOMETRUST
305-599-7081

CORRIDOR VENTURES
860-470-1202

FINANCIAL ACQUISITIONS MANAGEMENT
515-988-2960

THE GSW GROUP LLC
586-864-3748

Debt Sellers
THE SUSSEX GROUP
407-620-7100

Mail Services
HIGH COTTON
Vanessa Lewis
877-838-2345
More Information

Skip Tracing
JIM DURST & ASSOCIATES, INC.
856-779-1940

Software
AMVENSYS TECHNOLOGIES, INC.
214-233-7070

Industry Events

Technology & Security Conference
NAFCU: National Association of Federal Credit Unions
Planet Hollywood Resort & Casino
Las Vegas, NV
February 25 - 28, 2009
More Information

2009 PREPAID CARD EXPO
Prepaid Card Expo
Orlando World Center Marriott
Orlando, FL
March 9 - 11, 2009
More Information

2009 Community Reinvestment Act Conference
Consumer Bankers Association
Omni Shoreham
Washington, DC
March 9 - 11, 2009
More Information
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Debt Marketplace™ is a trademark of The Debt Marketplace, Inc.