DebtConnection.com 5/13/2009

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Wednesday, May 13, 2009

Mid Week Articles:

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ACT NOW FOR DCS2009 EARLY BIRD PRICING! ENDS MAY 15TH
"Explore, Discover, and Connect" AND SAVE WITH EARLY BIRD SPECIAL PRICING at Debt Connection Symposium and Expo 2009 in Puerto Rico, September 15th - 17th.
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ATTORNEY GENERAL COOPER BACKS NEW LIMITS ON DEBT COLLECTORS
The state Senate on Tuesday tackled a loophole in consumer protection laws that left out businesses that buy bad consumer debt, then turn up the heat trying to collect.
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FTC HELPS ENTITIES THAT HAVE LOW RISK OF IDENTITY THEFT COMPLY WITH "RED FLAGS" RULE
To help entities that have a low risk of identity theft - such as businesses that know their customers personally - the Federal Trade Commission has created a template that guides such businesses and organizations in developing written identity theft prevention programs to comply with the Red Flags Rule. "Create Your Own Identity Theft Prevention Program: A Guided 4-Step Process," is available at www.ftc.gov/bcp/redflagsrule/get-started.shtm.
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VISA, MASTERCARD HAVE RAISED CREDIT CARD PROCESSING RATES
Despite a continuing recession, Visa and MasterCard increased their processing rates in April.
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SMALL BUSINESS OWNERS STILL HURTING, BUT GAINING OPTIMISM
The fundaments of their businesses are still bad, but for the first time since last year small business owners are hopeful that economic conditions will soon improve, according to a new survey by the National Federation of Independent Business.
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WELLS FARGO IS LARGEST HOME LENDER IN 1Q
Wells Fargo & Co. retained the No. 1 position as the nation's biggest home loan originator, according to MortgageDaily.com.
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EBUREAU AND CDS SOFTWARE COMBINE EFFORTS TO DELIVER POWERFUL JOINT
ST. CLOUD, Minn. eBureau, an innovative provider of predictive scoring and information solutions, today announced a new partnership with CDS Software, a provider of CollectOne, a single source debt collection solution.
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UTILIPOINT INTERNATIONAL AND SOUNDBITE COMMUNICATIONS TO HOST WEBINAR ON NEW APPROACHES TO OPTIMIZE COLLECTION STRATEGIES IN THE UTILITIES SECTOR
BEDFORD, Mass., May 11, 2009 - SoundBite Communications, Inc. (Nasdaq: SDBT) today announced it will host a one-hour webinar for utility providers on Wednesday, May 13, 2009 featuring Jon Brock, COO and Managing Director of UtiliPoint International Inc.
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BILL WOULD SPEND $532 MILLION TO FIGHT MORTGAGE FRAUD
In a move that received little notice, Congress may soon be sending to President Obama a bill to direct $532 million to investigate mortgage and securities fraud.
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SENATE DEAL REACHED ON BILL TO IMPOSE CREDIT CARD CURBS
Key Senate negotiators have reached a deal on legislation targeting credit card rates and fees, the lead Democratic senator on the issue said Monday.
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DEBT COLLECTORS USING FACEBOOK TO TRACK DEBTORS
Debt collectors in the US have adopted a new, aggressive tactic for targeting people that owe them money: adding them as friends as Facebook.
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FTC TESTIFIES ON EFFORTS TO PROTECT CONSUMERS OF FINANCIAL SERVICES
The Federal Trade Commission today told the U.S. House Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on Energy and Commerce that, in response to the current economic crisis, the FTC has substantially increased its law enforcement efforts to protect consumers of financial services.
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FTC ALLEGES THAT MORTGAGE LENDER CHARGED HISPANICS HIGHER PRICES FOR LOANS
The Federal Trade Commission has charged a home mortgage lender and its owner with violating federal law by charging Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers - price disparities that cannot be explained by the applicants' credit characteristics or underwriting risk.
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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

$2,300,000.00     Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?699
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$41,217,304.00     Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?698
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$3,861,614.00     Commercial
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?697
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773

$2,510,388.00     Commercial
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?696
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

Agency

ACCOUNT CONTROL SYSTEMS
201-767-5300

NORTHTOWN CREDIT MANAGEMENT, INC.
716-438-7990

Debt Buyers

APPLIED INCOME SCIENCES, LLC
Peter Bennett
415-373-6981
More Information

Industry Events

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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