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Friday, May 01, 2009

This Weeks Articles:

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VERIFACTS, INC., PARTNERS WITH TRIAD FINANCIAL TO EXPAND SERVICES FOR AUTO LENDERS, COLLECTION AGENCIES AND INVESTORS
NORTH RICHLAND HILLS, Texas – May 1, 2009 – VeriFacts, Inc., a leading provider of skip trace solutions, and Triad Financial, a third-party servicer focusing on nonprime consumer vehicle loans, today announced their partnership to offer a one-stop shop of services. In combination with VeriFacts, Inc.’s POEExtreme package, the new menu includes:
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ACCOUNTS RECEIVABLE TECHNOLOGIES APPOINTS KIM MASSEY AS VICE PRESIDENT OF BUSINESS DEVELOPMENT
WOODBRIDGE, NJ, April 30, 2009 - Accounts Receivable Technologies (AR Tech), a leading provider of accounts receivable management and business process outsourcing, today announced that its Board of Directors has appointed Kim Massey as Vice President of Business Development.
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CRS2009 - LAST CHANCE TO REGISTER FRIDAY MAY 1, 2009
Collection and Recovery Solutions 2009, the invitation-only industry event for senior level collection and recovery professionals produced by Resource Management Services, begins next week. This 8th annual event will be held at the Four Seasons in Las Vegas, May 6th - 8th. Pre-conference events begin on Tuesday, including a Bankruptcy workshop and Recovery Management Network reception. Registration ends Friday, May 1. Registrations will not be taken at the door.
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ENCORE CAPITAL GROUP ANNOUNCES FIRST QUARTER 2009 RESULTS AND BOARD APPOINTMENTS
SAN DIEGO, April 29 /PRNewswire-FirstCall/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading distressed consumer debt management company, today reported consolidated financial results for the first quarter ended March 31, 2009.
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FORECLOSURE STARTS JUMP IN MARCH; REPOSSESSIONS DECLINE.
Lenders continued to rewrite troubled mortgages at a fast clip during March, but the weakening economy still sent foreclosure starts soaring to a record high.
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CR SOFTWARE'S NEXT GENERATION INTERACTIVE VOICE RESPONSE SYSTEM
Fairfax, VA, April 30, 2009 - CR Software LLC, the leading financial software solutions provider to collections entities, announces today the next generation Titanium ORE Interactive Voice Response (IVR) system, a pure software solution that needs no additional hardware and leverages emerging Voice-over IP (VOIP) technology.
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CONVERGYS PARTNERS WITH IP INTEGRATION TO DELIVER ENHANCED IVR AND SPEECH AUTOMATION SOLUTIONS TO THE UK MARKET
(Cincinnati and Reading, England; April 29, 2009) - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that IP Integration, a leading UK systems integrator, has entered into a partnership to resell Convergys' award-winning Interactive Voice Response (IVR) voice portal and speech automation solutions to the UK contact center marketplace.
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TRANSUNION CREDIT RISK INDEX FOR U.S. CONSUMERS REACHES RECORD LEVEL
CHICAGO, April 29 /PRNewswire/ -- Today TransUnion released the first installment of an ongoing analysis of the TransUnion Credit Risk Index (Index), a statistic developed to measure the changes in consumer credit risk within various geographies. The Index reached 124.79 in the fourth quarter of 2008, marking its highest value since the inception of this metric ten years earlier. The increase was especially sharp on a quarter-over-quarter basis, with the nation experiencing a 5.99 percent increase between the third quarter of 2008 (117.74) and the conclusion of last year (124.79). The Index is defined as the weighted average forecasted incidence of 90-day delinquency or worse of a given region relative to the nation as a whole.
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WELLS FARGO ANNOUNCES PRODUCTS, SERVICES EVERY TRAVELER SHOULD KNOW BEFORE HITTING THE ROAD
Wells Fargo & Company (NYSE: WFC) is offering a broad array of products and services to help domestic and international travelers navigate through potentially challenging situations they may encounter even before they hit the road - including emergency card replacement/credit line increases, mobile and online banking enhancements, and foreign exchange services.
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PORTFOLIO RECOVERY ASSOCIATES REPORTS FIRST QUARTER 2009 RESULTS
NORFOLK, VA--(MARKET WIRE)--Apr 28, 2009 -- Portfolio Recovery Associates, Inc. (NasdaqGS:PRAA - News), a company that purchases, collects and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, today reported net income of $10.1 million, or $0.66 per diluted share, for the quarter ended March 31, 2009.
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AMERICANS MORE OPTIMISTIC ABOUT ECONOMY IN CNN POLL
Americans are becoming slightly more optimistic about the nation's economy, a CNN/Opinion Research Corporation survey showed Wednesday, but the glow surrounding President Obama is wearing off for some as the president marks his first 100 days in office.
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THREE INDUSTRY PROS APPOINTED TO COLLECTOR MENTOR EDITORIAL ADVISORY BOARD
Skills World, publisher of the popular credit and collections training tool collector mentor, announces the appointment of Bill Brockman, Ronald S. Canter, Esq., and Carol Freeland to the publication's editorial advisory board.
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CONSUMERS SHUN PLASTIC AS CREDIT INDUSTRY LOSSES MOUNT
The credit- card industry, which is already under fire from the Obama administration, is getting hit with a double-whammy these days: losses are growing even as fewer people use plastic.
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BANK OF AMERICA RESPONDS TO CONSUMER DESIRE FOR INCREASED TRANSPARENCY IN HOME LOAN PROCESS WITH TOOLS THAT CLARIFY MORTGAGE TERMS AND FOSTER INFORMED HOMEOWNERSHIP
CALABASAS, Calif., April 27 /PRNewswire/ -- Bank of America today introduced its Bank of America Home Loans brand at locations nationwide and unveiled new tools through which homebuyers and homeowners will find greater clarity in the home finance process. The Clarity Commitment(tm), a single, one-page loan summary clearly presents to borrowers their interest rate, terms and other details of the loan in plain language. The Bank of America Home Loan Guide is an interactive Web site that arms customers with the personalized information to prepare for homeownership and make informed home buying and refinance decisions.
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FDIC'S BAIR: NO BANK IS TOO BIG TO FAIL
NEW YORK (CNNMoney.com) -- Federal Deposit Insurance Corp. chief Sheila Bair reiterated calls for creating a system that would allow regulators to dismantle a large financial institution.
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OBAMA: NEW LAW SHOULD REQUIRE 'PLAIN VANILLA' CREDIT CARDS
President Obama, in remarks just released from the White House following his summit with top credit card issuers, laid out his four principles for reform of the credit card industry, pushing for simplification and an end to high fees.
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BANKING SYSTEM MAY FACE CREDIT-CARD CRISIS
"People are not paying their credit-card bills," said Marks, chief executive of the Neighborhood Assistance Corp. of America, which helps lower-income people straighten out their finances before buying or refinancing homes. "People are hurting and they've simply stopped paying off credit-card debts."
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MCCARTHY AND CAPPS DISAGREE ON 'CREDIT CARD HOLDERS' BILL OF RIGHTS'
McCarthy opposes 'Card Holders' Bill of Rights,' while Capps says she strongly supports it.
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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

$2,787,122.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?695
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$24,000,000.00     Payday Loans
Vandenberg, Chase/Nirvanna Trading
http://www.debtconnection.com/portfolio.asp?684
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3938

$17,000,000.00     Judgments
K2 Acquisitions, LLC
http://www.debtconnection.com/portfolio.asp?670
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?366

Agency

ACCOUNTS RECEIVABLE MANAGEMENT
Robert J Picone
800-220-3350
More Information

ACCOUNT RECEIVABLE MANAGEMENT OF FLORIDA
Darlene Graham
904- 726-8505
More Information

ARGUS FINANCIAL SERVICES, INC.
866-865-0311

Brokers

THE MILLENNIUM CAPITAL GROUP, LLC.
703-853-6059

Debt Buyers

CREDITMAX LLC
561-352-2188

TRIUMPH FINANCIAL SERVICES, LLC
815-740-1545

Debt Sellers

CREDITMAX LLC
Michael Bernstein
561- 352-2188
More Information

VANDENBERG, CHASE/NIRVANNA TRADING
Chris Norman
404-249- 1099
More Information

Skip Tracing

SYNERGY SOLUTIONS INC.
800-204- 4281

RELIANCE FIELD SERVICES
770-736-4919

UNIVERSAL COMMUNICATIONS
800-806-8722

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

Buyer/Seller 101
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

Buyer/Seller 101
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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