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Wednesday, March 04, 2009
Mid-Week Articles:
BANKRUPTCY CHALLENGES AND SOLUTIONS ADDRESSED AT COLLECTION AND RECOVERY SOLUTIONS ℠ 2009 PRE CONFERENCE WORKSHOP
Wednesday, March 04, 2009 - Resource Management Services, Inc is pleased to welcome back a distinguished panel of presenters for the CRS 2009 pre-conference bankruptcy workshop to be held Wednesday, May 6, 2009. Melyssa Barrett, of Visa, Inc. will join Alane Becket of Becket & Lee, LLP and Henry E. Hildebrand III, the Chapter 13 Trustee for the Middle District of Tennessee, to review and discuss the current bankruptcy landscape for both secured and unsecured creditors, as well as discuss the impacts of possible changes to current bankruptcy regulations and the possible effects on creditors operations. These presenters are eminently qualified to discuss the challenges and possible solutions that creditor bankruptcy operations are faced with today.

This pre-conference workshop is open to all registered Collection and Recovery Solutions ℠ 2009 attendees.

www.crs2009.com

VIRGINIANS GET NOTICE OF CARD-DATA BREACH
Banks and credit unions across Virginia have sent letters to customers warning them that their credit, debit or ATM cards have been compromised.
read more

FTC OFFERS ONLINE CREDIT CARD CALCULATOR
The Federal Trade Commission has posted on its Web site a calculator that gives consumers an estimate of how long it will take them to pay off their credit card balance.
read more

DEBT PURCHASER WARNED BY OFT FOLLOWING STRING OF CONSUMER COMPLAINTS
One of the largest debt purchasing organisations in the UK has been ordered to improve its debt collection practises by the OFT.
read more

PRIVATE-SECTOR PAYROLLS LOSE 697,000 JOBS
NEW YORK (CNNMoney.com) -- The private sector lost nearly 700,000 jobs in February, according to a report from payroll-processing company Automatic Data Processing released Wednesday, but a separate report showed that employers announced fewer job cuts last month.
read more

FEDERAL COURT HALTS TELEMARKETERS’ ADVANCE-FEE CREDIT PITCHES
A federal district court has halted allegedly deceptive pitches made by telemarketers who targeted consumers with poor or no credit with offers of a general-use credit card for an up-front fee of as much as $250.
read more

MINNEAPOLIS COMPANY SPECIALIZES IN COLLECTING DEBT OF DEAD PERSONS
Minneapolis, MN (AHN) - Even if the relatives of dead people are not obliged to pay their deceased's debts, a company in Minneapolis is profiting from the business of collecting overdue accounts of those who have passed away.
read more

UNION STEPS UP CAMPAIGN AGAINST OUTSOURCING DEBT COLLECTION
Tax collection may not be considered America's most glamorous profession, but hundreds of federal workers are descending on Capitol Hill this week to lobby for a chance to do the job.
read more

U.S. BANCORP BECOMES LATEST TO SLASH DIVIDEND
NEW YORK (MarketWatch) -- U.S. Bancorp on Wednesday became the latest big bank to cut its common dividend, with its board slashing the quarterly payout by 88% to a nickel a share in order to retain cash and boost equity capital.
read more

TREASURY PROVIDES $394.9M FROM BAILOUT TO 28 BANKS
The Treasury Department announced Tuesday it has provided $394.9 million to 28 banks in new payments from the government's $700 billion financial rescue fund.
read more

SUNCOAST SCHOOLS AND GTE FEDERAL CREDIT UNIONS ENTER MERGER CONSIDERATION PROCESS
TAMPA, Fla. - The Board of Directors of both Suncoast Schools Federal Credit Union (SSFCU) and GTE Federal Credit Union (GTE FCU) have signed a letter of intent to merge the two credit unions subject to satisfactory due diligence reviews and regulatory approval.
read more

JON LEIBOWITZ NAMED CHAIRMAN OF THE FEDERAL TRADE COMMISSION
President Barack Obama designated Jon Leibowitz as Chairman of the Federal Trade Commission by a White House Order dated March 2, 2009.
read more

EBUREAU EXPANDS OFFERINGS WITH REAL-TIME INCOME ESTIMATOR SOLUTION
ST. CLOUD, Minn. - eBureau, a leading provider of predictive scoring and information services, today announced the introduction and immediate availability of Income Estimator, a powerful new tool for accurately estimating consumer income levels in real-time.
read more

TRANSUNION.COM: MORTGAGE LOAN DELINQUENCY RATES RISE FOR EIGHTH STRAIGHT QUARTER, RISING 53 PERCENT BETWEEN END OF 2007 AND CONCLUSION OF 2008
TransUnion.com released today the results of its analysis of trends in the mortgage industry for the fourth quarter of 2008 and the associated impact on the U.S. consumer.
read more

FANNIE, FREDDIE MAY NEVER BE PRIVATE AGAIN
Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully return to private hands, lawmakers and company executives are beginning quietly to acknowledge.
read more

VISA INTRODUCES FIRST GLOBAL ADVERTISING CAMPAIGN, ENTITLED "MORE PEOPLE GO WITH VISA"
Visa Inc. (NYSE: V) today unveiled its first global advertising campaign, entitled "More people go with Visa," reflecting the company's evolution to a single, global company.
read more

CHAIRMAN BEN S. BERNANKE CURRENT ECONOMIC AND FINANCIAL CONDITIONS AND THE FEDERAL BUDGET
Chairman Conrad, Senator Gregg, and members of the Committee, I am pleased to be here today to offer my views on current economic and financial conditions, the federal budget, and related issues.
read more

FED, TREASURY LAUNCH $200 BLN CONSUMER PROGRAM
WASHINGTON (AFP) - The US Treasury and the Federal Reserve on Tuesday formally launched a program designed to pump 200 billion dollars into consumer credit through the purchase of securities linked to various loans.
read more

FIDELIS RECOVERIES CO-FOUNDER JOHN MCNAMARA RECEIVES KURT SWERSKY AWARD
Fidelis Recovery Solutions, Inc., a leading third-party contingency collection agency based in Marietta, Ga., has announced that company Co-Founder John McNamara was awarded the industry’s Kurt Swersky Award at the ACA International’s annual Leadership Symposium in January.
read more

CAPITAL ONE ACQUIRES CHEVY CHASE BANK
Capital One Financial said that with the closing of the transaction and the addition of Chevy Chase Bank's $13 billion in deposits, the company is now the largest consumer and commercial banking institution headquartered in the Washington, DC region.
read more

HSBC TO SCALE BACK U.S. LENDING, LAY OFF 6,100
Mettawa-based HSBC Finance Corp. said Monday it’s shutting down its Household and Beneficial consumer lending businesses, closing 800 remaining branches and resulting in the loss of 6,100 jobs nationally due partly to persistently high levels of delinquencies and the effects of rising unemployment.
read more

VISA: THERE IS NO NEW DATA BREACH
Heartland Payment Systems (HPY) may be the only "new" data breach, after all.
read more

PLAN TO END PRIVATE DEBT COLLECTION MAY FACE SENATE RESISTANCE
Three Senators are fighting to maintain a controversial program that allows private debt collectors to recover debts owed to the United States Treasury.
read more

DEBT COLLECTION CHANGES PROPOSED
The Federal Trade Commission has suggested changes to the Fair Debt Collection Practices Act (FDCPA), with the aim of improving consumer protections.
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:
Agency
AIS SERVICES, LLC
Sergio Seplovich
415-373-6990
More Information

NETQUEST RECOVERY SERVICES, INC.
Russel French
270-784-2505
More Information

ESSENTIAL SERVICES
18452344164

JUDGMENT ENFORCEMENT & INFORMATION SERVICES
330-968-4891

Attorney
WILSON LAW FIRM, L.P.
956-316-0545

Debt Buyers
HUDSON & KEYSE, LLC
Bob Deter
800-654-1660
More Information

EHOMETRUST
305-599-7081

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

Software
AUTOMATED COLLECTION CONTROL, INC.
Celeste Anderson
800-542-0204
More Information

AMVENSYS TECHNOLOGIES, INC.
214-233-7070

Industry Events

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

13th Annual National Collections & Credit Risk Conference
Collections & Credit Risk
Hyatt Regency Grand Cypress
Orlando, FL
March 11 - 13, 2009
More Information

2009 National Automobile Finance Conference & Tradeshow
Consumer Bankers Association
Omni Orlando Resort at ChampionsGate
Orlando, FL
March 29 - 31, 2009
More Information
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At A Glance Archive 2007 20062005
At A Glance - Wednesday, March 10, 2010
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At A Glance - Monday, July 06, 2009
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At A Glance - Friday, February 20, 2009
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At A Glance - Friday, February 13, 2009
At A Glance - Wednesday, February 11, 2009
At A Glance - Friday, February 06, 2009
At A Glance - Friday, January 30, 2009
At A Glance - Wednesday, January 28, 2009
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At A Glance - Friday, January 16, 2009
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At A Glance - Tuesday, January 06, 2009
At A Glance - Friday, January 02, 2009

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