DebtConnection.com 5/22/2009

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Friday, May 22, 2009

This Weeks Articles:

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CREDIT CARD REFORM LEAVES SMALL BIZ OUT
NEW YORK (CNNMoney.com) -- When the Senate passed its credit-card reform bill on Tuesday, Senator Christopher Dodd called it "a great day for consumers." But what will it mean for small business owners who've been struggling with inflated rates and unexpected fees on their credit cards?
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FLORIDA'S BANKUNITED FAILS, WILL COST FDIC $4.9B
The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.
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HSBC EXPECTS 2009, 2010 TO BE CHALLENGING; WILL 'RETHINK' US CARD BUSINESS
London, United Kingdom (AHN) - HSBC Holdings (NYSE:HBC) said in an annual general meeting on Friday that the remainder of 2009 and much of 2010 will be "challenging" as the firm faces financial headwinds in tough economic times. The firm also indicated that it may "rethink" its U.S. credit card business, but will not cut dividend.
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OBAMA EXPECTED TO SIGN CREDIT CARD REFORM FRIDAY
In the most sweeping changes to the credit card industry in 40 years, President Obama is expected to sign a bill Friday to restrict practices that consumers say have pushed them deeper into debt.
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VAN RU APPOINTS VICE PRESIDENT OF INFORMATION TECHNOLOGY
Des Plaines, IL Van Ru Credit Corporation is pleased to announce the addition of Brion Henes to the company's Executive Team. Mr. Henes will serve as Vice President of Information Technology, leading Van Ru's in-house Information Technology team.
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CUTLER TO DIRECT DEBT MANAGMENT PRODUCT STRATEGY AT ONTARIO SYSTEMS
Ontario Systems, a leading provider of revenue cycle management and collection management solutions for the debt management and health care industries, today announced that prominent collections technology expert Brian Cutler has joined the company and will lead its debt management product team. Cutler will be responsible for the strategic direction of all Ontario debt management solutions, including Collect Savvy, the next generation of Ontario's market-leading FACS and Artiva collection applications. He also will be charged with developing future debt management products and services.
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CBO CHIEF: ECONOMY TO RESUME GROWTH THIS YEAR
The economy will start growing in the second half of 2009, but it will be several years before the positive effects of a turnaround will be felt, the Congressional Budget Office said Thursday.
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DEBT SETTLEMENT COMPANIES FACE CHARGES AND REGULATION
Texas Attorney General Greg Abbott has charged two North Texas companies with orchestrating fraudulent debt settlement schemes. The charges come as lawmakers in Austin propose ways to regulate the industry. KERA's Shelley Kofler has more about allegations the companies promise relief they cannot deliver.
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CREDIT CARD CURBS A DONE DEAL
WASHINGTON (CNNMoney.com) -- Congress on Wednesday sent to President Obama a bill that makes it tougher for credit card issuers to raise fees and interest rates.
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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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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

$25,454,042.00     Judgments
Stirling Capital Management
http://www.debtconnection.com/portfolio.asp?706
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3791

$8,098,804.00     Credit Cards
Stirling Capital Management
http://www.debtconnection.com/portfolio.asp?705
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3791

$10,537,058.00     Credit Cards
Stirling Capital Management
http://www.debtconnection.com/portfolio.asp?702
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3791

$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

Debt Buyers

STIRLING CAPITAL MANAGEMENT
561-791-8555

MULLIGAN MARKETING
877-859-2901

Debt Sellers

STIRLING CAPITAL MANAGEMENT
Edward Forbes
561-791-8555
More Information

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DOUBLE HELIX SERVICES, INC.
877-318-3003

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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