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Friday, March 20, 2009

This Weeks Articles:

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CITIGROUP'S CRITTENDEN REPLACED AS FINANCE CHIEF
March 20 (Bloomberg) -- Citigroup Inc., whose biggest shareholder may soon be the U.S. taxpayer, reassigned Chief Financial Officer Gary Crittenden to oversee the Citi Holdings unit that houses $850 billion of assets the bank plans to sell.
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VISA CALLS FOR MAINTAINING INVESTMENT, SHARED RESPONSIBILITY AT GLOBAL SECURITY SUMMIT
Visa Inc. (NYSE: V) chief enterprise risk officer Ellen Richey told security experts today that payment card data fraud rates remain near historic lows despite economic woes and high-profile compromises, and called for continued industry investment, collaboration and innovation, three key components in keeping the electronic payment system secure in the future. She made her comments to a gathering of business, government, academic and law enforcement officials at Visa's Global Security Summit, its' third cross-functional symposium on payment security, held in Washington, DC.
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WELLS FARGO EXTENDS $51 BILLION IN NEW CREDIT TO ITS CUSTOMERS IN JANUARY 2009
Wells Fargo & Company (NYSE: WFC) said today that it extended $51 billion in loans and loan commitments to its customers in January, bringing the total credit extended to customers to $144 billion in the last four months. The Company said that is nearly six times the $25 billion capital investment the U.S. Treasury made in Wells Fargo last fall.
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FTC TELLS U.S. CIVIL RIGHTS COMMISSION ABOUT EFFORTS TO PROTECT CONSUMERS FROM UNFAIR MORTGAGE LENDING PRACTICES
In a statement presented today to the United States Commission on Civil Rights, the Federal Trade Commission described its efforts to protect consumers from unfair, deceptive, and discriminatory practices in the mortgage lending market.
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FDIC: HELP US HELP YOU WITH BAD BANKS
NEW YORK (CNNMoney.com) -- The Federal Deposit Insurance Corp. wants Congress to broaden its power to protect consumers from banks that are engaged in criminal acts, according to testimony of an FDIC official Friday.
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AUTO LOANS 60 DAYS PAST DUE RISE BY 17 PERCENT
SCHAUMBURG, Ill., March 19 -- Automotive loans that are 60 days past due rose by nearly 17 percent from the fourth quarter of 2007 to the fourth quarter of 2008, according to figures released today by Experian Automotive.
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USA - DEBT COLLECTION INDUSTRY PARADOX: STAFFING CUTS AMID HIGH DEMAND FOR SERVICES
Despite the fact that a majority of debt collectors reported increases in the number of accounts they received for collection in fourth quarter, over a third of collection agencies surveyed reported layoffs in the same period. This according to the 4th Quarter Credit & Debt Collection Confidence Survey, conducted by Kaulkin Ginsberg, the leading strategic advisor to the debt collection / accounts receivable management industry (ARM).
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PERSOLVO DATA SYSTEMS PRESIDENT WADE TORKELSON TO SPEAK AT THE ASSOCIATION OF SETTLEMENT COMPANIES ANNUAL CONFERENCE
Newport Beach, CA, March 19, 2009 - Persolvo Data Systems (www.PersolvoDataSystems.com) announced today that Wade Torkelson, President, is scheduled to speak at The Association of Settlement Companies (TASC) Annual Conference on Tuesday, April 7, 2009 beginning at 1:30 p.m. at The Palms Casino and Resort in Las Vegas, Nevada.
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KEYNOTE SPEAKER WILL TEACH ATTENDEES HOW TO MOTIVATE COLLECTORS AT IAT ANNUAL USER CONFERENCE
Salt Lake City, Utah, March 18, 2009-IAT User Conference attendees will learn how to motivate collectors (and themselves) from keynote speaker and industry veteran, Lacey Cherrington, Vice President of Checknet, Inc., April 14th - 17th in New Orleans, LA.
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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.
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LIVEVOX DELIVERS INSTANT VISIBILITY INTO CAMPAIGN SUCCESS WITH REAL TIME PROMISE-TO-PAY TRACKING
SAN FRANCISCO, March 18, 2009 - LiveVox Inc., the leading provider of hosted-dialer solutions, today announced that the latest free upgrade of its product gives users the ability to track promise to pay amounts in real time, arming its customers with the ability to determine in real time the ROI on any given campaign.
read more

CITY ENTERS DEBT COLLECTION DEAL
HALLSVILLE - The city has a new tool for collecting past due traffic fines and water bills. The City Council on Tuesday entered into a contract with McCreary, Veselka, Bragg & Allen, a Longview law firm, to serve as a collection agency for delinquent accounts.
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COLLECTION AGENCY RECEIVES ENDORSEMENT FROM NORTH AMERICAN ASSOCIATION OF FLOOR COVERING DISTRIBUTORS
March 18, 2009 ( PowerHomeBiz ) - Marlborough, MA - American Profit Recovery, a collection agency based in Michigan and Massachusetts recently announced that The North American Association of Floor Covering Distributors (NAFCD) has endorsed them as a new Alliance Partner.
read more

REPORT SAYS 163 BANKS COULD BE AT RISK
Bad loans are causing more and more serious problems for U.S. banks, according to a new analysis of Federal Deposit Insurance Corp. data that points to another wave of bank failures.
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DIALCONNECTION ANNOUNCES THE RELEASE OF INTELLIGENTCALL, A NEW FEATURE OF THE DIALINTELLIGENCE CONTACT CENTER SOLUTION WHICH PRIORITIZES CALLERS BASED ON SCORING MODELS OR DEMOGRAPHICS.
The IntelligentCall feature prioritizes inbound calls based on consumer scoring and modeling then routes the call based on the skill set of agents maximizing productivity of contact centers in Collections, Financial Services, Government, Investment Banking, Telemarketing or Utilities.
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U.S. CREDIT CARD DEFAULTS REACH 20-YEAR HIGH
Credit card defaults -- the failure to make a payment on a debt by the due date -- sprouted in February to a 20-year high. The increase is another sign that an increasing amount of U.S. citizens are neglecting their credit card debt amid an expanding recession.
read more

PUSH TO REDO LAW THAT LETS DAS PROFIT FROM BAD CHECKS
Last month, the Federal Trade Commission issued a report advocating an overhaul of the Fair Debt Collection Practices Act [1] (PDF), a federal law that protects consumers from abusive collectors.
read more

FTC CHARGES SEVEN CREDIT REPAIR COMPANIES WITH DECEIVING CONSUMERS THROUGHOUT THE U.S.
The Federal Trade Commission has charged seven related companies with violating federal law by falsely promising to remove negative information from consumers' credit reports, even information that is accurate and current, and by charging an up-front fee and failing to provide written disclosures. The agency seeks to make them stop the violations and pay restitution to consumers.
read more

VISA SANCTIONS PAYMENT PROCESSORS THAT EXPOSED CARDHOLDER DATA
Visa has sanctioned two payment processors that have disclosed in recent months exposing cardholder information to hackers.
read more

COMTECH SYSTEMS INC. ANNOUNCES PARTNERSHIP WITH GOLIVESMS
Comtech Systems Inc., the makers of the Collect! Software Solution announced today they have partnered with Irvine, CA based GoLiveSMS Corporation to provide SMS Text Messaging services to their customers nationwide.
read more

BANK CREDIT CARD FEES CONTINUE INCREASE
New York, NY (AHN) - To offset the rising incidents of delinquencies and charge-offs, more banks are hiking their credit card fees or introducing new charges.
read more

TREASURYS OFF; BERNANKE SAYS RECESSION MAY END IN `09
NEW YORK (MarketWatch) -- Treasurys declined Monday, pushing yields up, as Federal Reserve Chairman Ben Bernanke's outlook that the recession could end this year supported global equity markets and reduced the desire for the relative security of U.S. government debt.
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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

$129,672,528.00     Auto Deficiencies, Consumer Loans, Credit Cards, Retail
Collect America, Ltd.
http://www.debtconnection.com/portfolio.asp?675
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?223

Agency

ALCO RECOVERY SERVICES LLC
407-277-1182

GREYSTONE ALLIANCE LLC
716-218-4810

Attorney

DAVID AUGENSTEIN P.C
347-756-8160

COHEN & ASSOCIATES, PC
978-744-1144

Debt Buyers

MAKE A DIFFERENCE CAPITAL, LTD
702-531-0070

SINERGIA USA LIMITED, L.P.
325-670-0201

Legal Networks/Services

CENTRAL TEXAS LITIGATION SUPPORT SERVICES, INC.
254-399-9400

Industry Events

2009 National Automobile Finance Conference & Tradeshow
Consumer Bankers Association
Omni Orlando Resort at ChampionsGate
Orlando, FL
March 29 - 31, 2009
More Information

2009 Chicago/Spring Meeting
Commercial Law League of America (CLLA)
Westin Hotel On Michigan Avenue
Chicago IL
April 16 - 19, 2009
More Information

21st Annual Card Forum & Expo
SourceMedia, Inc.
Marco Island Marriott Beach Resort
Marco Island, FL
April 19 - 21, 2009
More Information

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