DebtConnection.com 5/20/2009

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Wednesday, May 20, 2009

Mid-Week Articles:

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TRAVEL BARGAINS TO PUERTO RICO FOR DEBT CONNECTION SYMPOSIUM AND EXPO 2009
With companies continuing to focus on the best value for their conference and travel budgets, the Debt Connection Symposium and Expo™ 2009 continues to provide solid return on investment, with quality and timely presentations from industry leaders, continued opportunity to meet with your vendors and clients in a relaxed business and networking setting.
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WELLS FARGO SURVEY: ONE IN FOUR HOMEOWNERS HAVE NO SAVINGS AMID GROWING FEAR OF JOB LOSS
A Wells Fargo & Company (NYSE: WFC) quarterly survey found that nearly one in four homeowners (24 percent) do not have any savings to cover their living expenses should they lose their income. At the same time, anxiety over job stability increased significantly (from 21 percent to 29 percent indicating jobs as their top concern) since fourth quarter 2008, the last time the survey was done. Respondents also have a significantly higher desire to increase savings while reducing debt (60 percent versus 53 percent) and pay down debt faster (53 percent versus 46 percent) compared to the last survey. Less than a quarter of respondents (23 percent) have increased their savings, but 37 percent say they have paid down debt and 12 percent paid off debt completely in the past year.
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CONGRESS PASSES ANTI-FORECLOSURE BILL
WASHINGTON (AP) -- Congress on Tuesday sent the president legislation that encourages banks to spare homeowners from foreclosure, after the industry helped scuttle a tougher measure that would have forced lenders to reduce monthly payments of owners in bankruptcy.
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COLLECTION REVENUE INCREASES ATTRIBUTED TO IAT DIALING TECHNOLOGY
Salt Lake City, Utah, IAT announces that Account Control Bureau, Inc. (ACB), has seen dramatic revenue increases in 2008 and thus far in 2009 by using IAT's CT Center Predictive Dialer and IVR Messaging.
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FEDERAL JUDGE DISMISSES MOST CONSUMER COMPLAINTS FROM HANNAFORD DATA BREACH
A federal district court judge in Maine has dismissed almost all the legal complaints of consumers who had their credit and debit card data compromised in the data security breach at Hannaford super markets.
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SENATE OKS CREDIT CARD CURBS
90-5 vote sends to House a bill that curtails fees and rate hikes. Unrelated provision boosts gun rights. Measure could go to Obama this week.
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FTC OBTAINS COURT ORDER HALTING DECEPTIVE MORTGAGE RELIEF INTERNET ADS
At the Federal Trade Commission's request, a federal district court issued an order to stop an Internet-based operation that pretends to operate "MakingHomeAffordable.gov," the official Web site of the federal Making Home Affordable program for free mortgage loan assistance.
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NEVADA TAGS FINANCIAL DATA
XBRL will be used to streamline reporting of grants, debt collection
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FANNIE AND FREDDIE IN 'CRITICAL' CONDITION
NEW YORK (CNNMoney.com) -- Fannie Mae and Freddie Mac, charged with helping lead the nation out of its housing crisis, are facing "critical" financial problems, federal regulators said Monday.
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JOB MARKET MAY BE TURNING A CORNER, ECONOMISTS SAY
In the midst of a recession, massive job loss announcements have become commonplace. But after some reports Wednesday, economists are starting to talk about a job market recovery.
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WELLS FARGO/GALLUP SMALL BUSINESS INDEX: FUTURE EXPECTATIONS SHOW OPTIMISM
According to the Wells Fargo/Gallup Small Business Index, surveyed April 1-14, small business owners' optimism for the future rose for the first time since 2007. The "future expectations" (next 12 months) score rose nine points (to 10) while the "present situation" score dropped 6 points to negative eleven (-11). These metrics comprise the overall Index score, which reflects six key measures: financial situation, cash flow, revenues, capital spending, job hiring and credit availability.
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ONTARIO SYSTEMS ANNOUNCES NEW ALLIANCE WITH MICROSOFT
MUNCIE, Ind.,/PRNewswire/ -- Ontario Systems, a leading provider of revenue cycle management and collection management solutions for the health care and debt management industries, today announced a powerful new strategic alliance with Microsoft Corporation that will strengthen Ontario Systems' services and products.
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FTC TO HOST DEBT COLLECTION LITIGATION AND ARBITRATION ROUNDTABLE
The Federal Trade Commission and the Searle Center on Law, Regulation, and Economic Growth at Northwestern University School of Law will host a two-day public event, "Protecting Consumers in Debt Collection Litigation and Arbitration: A Roundtable Discussion," in Chicago, Illinois, on August 5 and 6, 2009.
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HEARTLAND ADMITS RELATIONSHIPS WITH BILL COLLECTORS
Heartland admits relationships with bill collectors
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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

$92,323,668.00     Consumer Loans
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?701
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$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

Agency

LUKASIC WARD AND ASSOCIATES
888-882-6285

MORENO AND WOODS
866-928-3160

Attorney

THE JIMERSON LAW GROUP
904-318-0553

Industry Events

2009 Collections Conference
Consumer Bankers Association
Westin Galleria
Dallas, TX
June 8 - 10, 2009
More Information

IACC 21st Annual Mid Year Management Conference
International Association of Commercial Collectors, Inc.
Wynn Las Vegas
Las Vegas, NV
June 13, 2009
More Information

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

NACTT 44th Annual Meeting
National Association of Chapter 13 Trustees
Marriott Copley Place
Boston, MA
July 1 - 4, 2009
More Information

ACA Int'l's 70th Annual Convention & Expo
ACA International
Wynn Las Vegas
Las Vegas, NV
July 13 - 15, 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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