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Friday, April 03, 2009

This Weeks Articles:

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GROUP ISSUES STANDARDS FOR FAIR CREDIT CARDS
Raised interest rates on nearly one-quarter of credit cards cost consumers more than $10 billion in 2008, one of the many damages of unfair credit practices the Pew Charitable Trust said it hopes to prevent through a list of standards the company released March 31.
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RED FLAG RULES APPLY TO DOCTORS OF CHIROPRACTIC
Based on legislation passed by Congress in 2003, in 2007, the Federal Trade Commission (FTC) first issued regulations stating that financial institutions and creditors are required to develop and execute written "identity theft prevention programs" that must provide for the identification, detection, and response to patterns, practices, or specific activities.
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CUSTOMERS ANGRY OVER CREDIT CARD FINE PRINT
SHREVEPORT, LA (KSLA) - Bo Fain of Gilliam, Louisiana was so angry about a recent credit card he received, he came down to our studios in hopes to warn others. I listened as Bo told me about the nightmare he said he had with a bank out of Sioux Falls, SD named First Premier.
read more

NEW FEATURE ADDED TO IAT HOSTED PREDICTIVE DIALING
IAT released a new training feature, Monitoring, Coaching and Conferencing, for its hosted predictive dialing service April 1, 2009.
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US CREDIT CARD CHARGE-OFFS UP ALMOST 9% TO ALL-TIME HIGH
Moody's reports that credit card charge-offs advanced decisively in February to 8.82%, representing an all-time high in the 20-year history of the Moody's Credit Card Index.
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FTC OFFERS 'RED FLAGS' WEB SITE TO HELP CREDITORS AND FINANCIAL INSTITUTIONS DESIGN IDENTITY THEFT PREVENTION PROGRAMS
The Federal Trade Commission has launched a Web site to help entities covered by the Red Flags Rule design and implement identity theft prevention programs. The Rule requires "creditors" and "financial institutions" to develop written programs to identify the warning signs of ID theft, spot them when they occur, and take appropriate steps to respond to those warning "red flags."
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SENATE PASSES FURTHER LIMITS ON DEBT COLLECTION PRACTICES
By just one vote Wednesday, the Senate passed legislation that adds to unlawful debt-collection practices in Oregon.
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KAULKIN GINSBERG REPORTS 1Q09 M&A ACTIVITY IN THE ACCOUNTS RECEIVABLE MANAGEMENT INDUSTRY LED BY INDUSTRY BUYERS AND VETERANS
ROCKVILLE, Md. -- Economic and market conditions have impacted the size and structure of completed M&A transactions in the debt collection / accounts receivable management industry, according to Kaulkin Ginsberg, the industry's leading M&A and strategic advisory firm. Although the volume of Q109 transactions was consistent with first quarter results of prior years, the total deal value was significantly lower, reflecting a shift away from strategic and financial buyers acquiring platform companies toward larger industry players acquiring smaller add-ons.
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ADDITIONAL SESSION ANNOUNCED FOR RECOVERY MANAGEMENT STRATEGIES & TECHNIQUES CLASS
Resource Management Services, Inc., the leader in Agency Management auditing and consulting, has announced a second class session for Recovery Management Strategies and Techniques to be held in Southern California at the Hyatt Place Ontario Mills on October 6 & 7, 2009.
read more

CONGRESS PRESSES CREDIT CARD COMPANIES ON PCI FAILURES
House subcommittee hearing highlights rift between retailers, credit card firms over PCI
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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

$2,572,465.00     Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?682
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$16,384,622.00     Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?681
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$43,805,441.00     Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?680
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$36,453,617.00     Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?679
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$21,376,103.00     Mortgage
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?678
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999

$2,787,122.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?676
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

Agency

ASSOCIATED CREDIT SERVICES, INC.
Andrew Robinson
800-531-6500
More Information

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

D & L RECOVERY,INC
410-878-0721

Attorney

THOMAS & THOMAS
513-961-5311

AUBREY G. RUDD, ESQ.
786-360-6733

Debt Buyers

GLOBAL ONE CAPITAL, LLC
817-302-7301

JFG FINANCIALS, LLC
757-340-7600

Industry Events

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

Buyer / Seller 101
The Debt Marketplace, Inc.
Hyatt Rosemont
Chicago, IL
April 22 - 23, 2009
More Information

NARCA 2009 Spring Conference
NARCA
The Westin Copley Place
Boston, MA
April 30 - May 2, 2009
More Information

Collection and Recovery Solutions® 2009
Resouce Management Services, Inc.
Four Season Hotel Las Vegas
Las Vegas, NV
May 6 - 8, 2009
More Information

The Debt Marketplace, Inc.
Embassy Suites
Downey, California
June 11 - 12, 2009
More Information

Recovery Management Strategies & Techniques
Resouce Management Services, Inc.
Hyatt Rosemont
Chicago, IL
June 16 - 17, 2009
More Information

Debt Connection Symposium and Expo® 2009
Resouce Management Services, Inc.
El Conquistador Resort & Golden Door® Spa
El Conquistador, Puerto Rico
September 15 - 17, 2009
More Information

Recovery Management Strategies & Techniques
Resouce Management Services, Inc.
Hyatt Place Ontario Mills
Ontario, CA
October 6 - 7, 2009
More Information

The Debt Marketplace, Inc.
Embassy Suites
Downey, California
October 13 - 14, 2009
More Information

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At A Glance - Wednesday, March 10, 2010

At A Glance - Friday, March 05, 2010

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At A Glance - Wednesday, February 10, 2010

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