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Wednesday, April 22, 2009
Mid-Weeks Articles:
CONGRESS TAKES AIM AT DECEPTIVE CREDIT CARD LENDING
It seems like every news source is talking about the recession, stock market crashes, bail outs, and America's debt problem. One of the contributing factors could be credit ard debt and deceptive credit-card industry practices.
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LIVEVOX, THE LEADING PROVIDER OF HOSTED-DIALER SOLUTIONS, ANNOUNCED THAT LIVEVOX CHIEF MARKETING OFFICER JOHN MCNAMARA WILL DISCUSS APPROACHES TO VIRTUAL COLLECTIONS AT THE FIRST ANNUAL GOVERNMENT REVENUE COLLECTION ASSOCIATION CONFERENCE
SAN FRANCISCO - LiveVox, the leading provider of hosted-dialer solutions, announced that LiveVox Chief Marketing Officer John McNamara will discuss approaches to virtual collections at the first annual Government Revenue Collection Association Conference today, in San Francisco.
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CAPITAL ONE LOST $112 MILLION IN 1ST QUARTER
Capital One Financial yesterday reported a loss of $112 million in the first quarter as defaults on credit card loans rose more quickly than the company had predicted.
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HOSPITALS STRUGGLING TO COMPLY WITH RED FLAGS RULES
National Survey Reveals Only 17.5 Percent of Hospitals Are Currently In Compliance as May 1 Enforcement Deadline Approaches
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WELLS FARGO ENCOURAGES BANKING CUSTOMERS TO MAKE SWITCH TO ONLINE-ONLY STATEMENTS
Wells Fargo & Company (NYSE: WFC), in recognition of Earth Day, is encouraging its banking customers nationwide to make the switch to online-only statements. That simple action can result in a net positive environmental impact compared to traditional banking with paper-based statements.
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SOUNDBITE COMMUNICATIONS APPOINTS JIM MILTON AS NEW CEO
BEDFORD, Mass. - SoundBite Communications, Inc. (NASDAQ: SDBT) today announced that its Board of Directors has named Jim Milton to the position of president and chief executive officer, effective May 1, 2009. In addition, Mr. Milton has been nominated for election to the Board at SoundBite's annual meeting of stockholders scheduled for June 17, 2009.
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AGENCIES PROPOSE CLARIFICATIONS TO CREDIT CARD RULES
The Federal Reserve Board, the Office of Thrift Supervision, and the National Credit Union Administration today proposed clarifications to aspects of their December 2008 final rules under the Federal Trade Commission Act (FTC Act) prohibiting certain unfair credit card practices.
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WELTMAN, WEINBERG & REIS CO., L.P.A. WELCOMES A NEW ASSOCIATE IN CINCINNATI
Weltman, Weinberg & Reis Co., L.P.A., the nation's largest creditors' rights law firm based on revenue and placements according to Collections & Credit Risk magazine, welcomes new associate Daniel C. Chilton.
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GREENBERG ADVISORS STRUCTURES EXCLUSIVE PARTNERSHIP
WASHINGTON, DC - Greenberg Advisors, LLC announced today the formation of a financial and strategic partnership between Timothy Bauer and private investment firm, H.I.G. Capital, LLC ("H.I.G."), in the creation of the Reprise Management Group ("Reprise"), a diversified Accounts Receivable Management (ARM) firm.
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OBAMA GOES AFTER CREDIT CARD COMPANIES THAT TARGET YOUNG PEOPLE
As a new study shows students are carrying record levels of credit card debt, President Barack Obama and Congress are working on legislation to rein in the actions of some credit card companies.
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US COMPANIES STILL UNDERESTIMATE IMPACT OF DATA BREACHES, SAYS HISCOX RISK REPORT
NEW YORK - Thirty-eight percent of Fortune 500 companies surveyed in a new report from Hiscox (LSE: HSX), the international specialist insurer, fail to acknowledge the threat of a data breach in the Risk Factors section of their SEC 10-K filing. Additionally, of the companies that do include the risk of a data breach in their 10-K, 26 percent fail to mention the consequential financial impact while a further 49 percent failed to identify the reputational impact.
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GLOBAL ECONOMIC LEADERS GATHER IN CHICAGO TO ADVANCE FINANCIAL LITERACY
The Federal Reserve Bank of Chicago and Visa Inc. convened a global summit today on financial literacy, bringing together government leaders from multiple countries to explore ways to promote lasting economic stability through improvements in individual money management.
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RECEIVABLES MANAGEMENT FIRM TRACKS UNATTENDED ROI IN BLENDED-AGENT ENVIRONMENT WITH LIVEVOX SMARTMESSAGE
SAN FRANCISCO, April 20, 2009 - LiveVox Inc., the leading provider of hosted-dialer solutions, today announced that Fidelis Recovery Solutions Inc., a Marietta, Ga.-based receivables management firm, now tracks inbound callbacks and payments generated by outbound and unattended campaigns with SmartMessage. Combining the LiveVox integrated ACD with hosted callback lines, Fidelis now operates in a blended-agent environment enabling a more efficient use of collectors through complete visibility of all agent actions.
read more

NEW 'RED FLAG' IDENTITY THEFT MANDATE TAKES EFFECT MAY 1
If your organization sells products or services on credit, take note: May 1, 2009, is the deadline to comply with the identity theft requirements in the Fair and Accurate Credit Transactions Act (FACTA).
read more

FTC'S HARD-LINE ENFORCEMENT MAY SHOCK INDUSTRY
Last week, the government took another step toward closing a legal loophole in federal privacy and security rules for emerging Health 2.0 information technology applications by issuing proposed rules aimed at covering an estimated 900 companies and organizations offering personal health records and electronic systems connected to them.
read more

CULLEN TAKES TOP JOB AT NEW-LOOK REPCOL
Repcol has completed its transformation from struggling debt collector to cashed-up mining services player with a new-look board that will see former PCH Group chief Jamie Cullen step into the top job.
read more

RECEIVABLES MANAGEMENT FIRM TRACKS UNATTENDED ROI IN BLENDED-AGENT ENVIRONMENT WITH LIVEVOX SMARTMESSAGE
Fidelis Recovery measures callbacks and payments from messaging while blending inbound calls with outbound campaigns
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  

Agency
LOCKHART, MORRIS & MONTGOMERY
877-214-3355

Attorney
HUDDLESTON & HUDDLESTON
270-781-9870

Debt Buyers
ALL DEBT TRADERS PORTFOLIO CO., LLC
866-238-2160

LEAN BUSINESS CONCEPTS
716-816-9415

LOCALGATE FINANCE LTD
07789834411

Debt Sellers
ALL DEBT TRADERS PORTFOLIO CO., LLC
Vic Battaglia
866-238-2160
More Information

Industry Events
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 - Friday, January 09, 2009
At A Glance - Wednesday, January 07, 2009
At A Glance - Tuesday, January 06, 2009
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