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Wednesday, April 15, 2009
Mid-Week Articles:
MORE DATA BREACHED IN 2008 THAN IN PREVIOUS FOUR YEARS COMBINED
Surprisingly, 99% of breached records were accessed through servers and applications, rather than desktop computers, notebooks, mobile phones, or portable media.
read more

DISCOVER RAISES INTEREST RATES ON SOME CREDIT CARDS
Discover Financial Services, the Riverwoods-based credit card company, said it's hiking interest rates on a "small percent" of its card holders and moving to more variable rates on its cards.
read more

TOP 10 FINANCIAL SERVICES COMPANY EXPANDS USE OF CONVERGYS RELATIONSHIP MANAGEMENT SOLUTIONS TO DRIVE SUPERIOR CUSTOMER EXPERIENCE
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today it has won a contract renewal to provide comprehensive, end-to-end customer care for the credit card customers of a global Fortune Top 10 financial services company with over 200 million customer accounts.
read more

COLLEGE CREDIT CARD DEBT HIGHEST SINCE 1998
Debt increasing for students and along with fees and tuition
read more

DISCOVER TO CUT 500 JOBS NEXT MONTH
Discover Financial Services is set to cut 500 jobs, about four per cent of its workforce, as it feels the impact of rising card delinquencies and lower consumer spending during the recession.
read more

DEBT RECOVERY FIRM LOSES BUSINESS AFTER OFT WARNING
It has emerged that 1st Credit, the debt recovery agency that was warned by the OFT in February about its intimidating debt collection techniques, has been dropped by two of its major clients: HBOS and Citi Financial.
read more

ATTORNEY GENERAL MCGRAW SUES TEXAS DEBT SETTLEMENT COMPANY
Attorney General Darrell McGraw today sued Able Debt Settlement, Inc. of Irving, Texas, seeking injunctive relief and restitution for consumers who paid for debt settlement but only received ruined credit and debt collection calls. Able Debt Settlement, formerly of Dallas, Texas, claims to settle consumers' debts. Many consumers find out, however, that Able Debt Settlement doesn't settle debts and then refuses to refund exorbitant fees.
read more

GREENBERG ADVISORS IS ESTABLISHED
Specialists in M&A, Capital Raising, and Strategic & Operational Advisory
in the ARM industry

read more

HIPAA COMPLIANCE: NEW REGULATIONS CHANGE THE GAME
As you may know, changes to the Health Insurance Portability and Accountability Act (HIPAA) were recently enacted under The Health Information Technology for Economic and Clinical Health Act (HITECH) as part of the recent American Recovery and Reinvestment Act. However, these changes don't go into effect until February of 2010, meaning there's time before companies need to be compliant.
read more

CUOMO TRIES TO ENFORCE NOTIFICATION TO DEBTORS
The attorney general, Andrew M. Cuomo, plans to file a civil suit Tuesday against one such company, American Legal Process of Lynbrook, N.Y., according to officials in the office who insisted on anonymity because the investigation was continuing.
read more

LEVY & ASSOCIATES, LLC, ANNOUNCES THAT DENISE BROOKS HAS JOINED THE LAW FIRM AS DIRECTOR OF COLLECTIONS AND CLIENT SERVICES
Levy & Associates, LLC, a comprehensive collection law firm, based in Columbus, Ohio, announces that Denise Brooks has joined the law firm as Director of Collections and Client Services.
read more

CONSUMER LAWYERS FIND THRIVING NICHE SUING DEBT COLLECTORS
The crushing debt faced by consumers is spawning a growing practice niche for consumer lawyers: suing debt collectors for illegal collection practices.
read more

AG CHARGES LI-BASED PROCESS SERVER COMPANY EXEC WITH MASSIVE FRAUD
Long Island-based American Legal Process (ALP) CEO and President William Singler was charged with allegedly failing to provide proper legal notification to thousands of New Yorkers facing debt-related lawsuits, causing them unknowingly to default and have costly judgments entered against them without the chance to respond or defend themselves, New York Attorney General Andrew M. Cuomo announced on Tuesday, April 14.
read more

SALLIE MAE STUDY FINDS RISING NUMBER OF COLLEGE STUDENTS USING CREDIT CARDS FOR TUITION
Data Shows Students Charge Average of $2,200 in Direct Education Expenses
read more

SOME DEBTORS GETTING PAYBACK
Consumers winning lawsuits against collectors not following the law
read more

MORIARTY UNVEILS BILL TO PROTECT CONSUMERS FROM UNFAIR DEBT COLLECTION PRACTICES
Bill Would Arm Consumers with New Tools to Fight Back Against Heavy-Handed Tactics
read more

FTC PROPOSALS COULD REIN IN DEBT COLLECTORS BY UPDATING THE LAW
Since 2007, the FTC has been evaluating whether there is a need to change the system, including updating the Fair Debt Collection Practices Act, which was enacted to protect consumers from abusive, unfair, and deceptive practices.
read more

DEBT COLLECTORS TREAD A FINE LINE BETWEEN BEING PERSISTENT AND POLITE
Debt collection might be stressful in these economic times, but it doesn't have to be ugly.
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
$1,400,000.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?692  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$1,000,000.00     Commercial
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?689  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$4,000,000.00     Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?688  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$3,000,000.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?687  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$170,000,000.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?686  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

$780,000.00     Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?685  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773  

Agency
ELITE PORTFOLIO SERVICES
918-497-0958

MARSHALL, GREENE & ASSOCIATES INC.
866-702-7807

Attorney
LEVY & ASSOCIATES, LLC
866-340-9138

BRAY & LUNSFORD, P.A.
904-356-2729

Debt Sellers
SHAPIRO,BAINES AND ASSOC.
302-655-3915

Payment Processors
PAY DATA CENTER LLC
877-732-4814

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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The Debt Marketplace™ reserves the right to decline the listing of companies and or services at our discretion.
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Debt Marketplace™ is a trademark of The Debt Marketplace, Inc.