DebtConnection.com 5/27/2009

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Wednesday, May 27, 2009

Mid-Week Articles:

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LIVEVOX UNMASKS HIDDEN COSTS IN TELECOM BILLS OF DIALER CUSTOMERS
Credit and Collections Organizations overpay by 30% due to hidden minimum billing durations without detailed billing reviews.
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USAA FOUND AS EXCELLENT CREDIT CARD PROVIDER, AMEX AND DISCOVER FOUND AS GOOD
Forrester Research's Customer Experience Index (CxPi) showed that credit card providers took sixth place out of 12 industries included in the report ending up with an overall "okay" rating of 68%. According to the report the ending up with an overall "okay" rating of 68%
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CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS
Charming Shoppes, Inc. , a leading multi-brand apparel retailer specializing in women's plus-size apparel, today reported sales and operating results for the first quarter ended May 2, 2009.
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J.P. MORGAN SEES CREDIT CARD LOSSES NEAR 9%
J.P. Morgan Chase Chief Executive Jamie Dimon said on Wednesday that he expects the firm's credit card losses, excluding business acquired from Washington Mutual, to be about 9% in the next quarter.
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GM CLOSE TO BANKRUPTCY AFTER DEBT EXCHANGE OFFER FAILS
Bondholders have rejected a debt exchange offer from General Motors that expired at midnight last night, the automaker said today, moving the company closer to a bankruptcy that could result in the U.S. and Canadian governments owning three-quarters of its stock.
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WOMAN SUES COLLECTIONCENTER WYOMING
CHEYENNE -- A local woman has filed a class-action complaint in district court against a Rawlins debt collector, alleging the company violated federal law.
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JAMES MITCHELL HUBBARD, FOUNDER OF HUBBARD SYSTEMS, INC PASSED AWAY MONDAY, MAY 25, 2009
James Mitchell Hubbard, founder of Hubbard Systems, Inc passed away Monday, May 25, 2009. Jim Hubbard was a leader in legal collection software development and was recognized throughout the industry for his integrity and the high professional standards set by his company. In addition to his collection industry activities, Jim was an active supporter of a number of charitable organizations, including the Children's Hospital Festival of Trees; the American Liver Foundation; University of Alabama, Birminham Liver Center; the Alabama chapter of the National Kidney Foundation.
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WAMU'S BAD LOANS MAY BE $29B WINDFALL FOR JPMORGAN
JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income.
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DISCOVER® SMALL BUSINESS WATCHSM: SMALL BUSINESS ECONOMIC CONFIDENCE DROPS SHARPLY AFTER 3-MONTH CLIMB
RIVERWOODS, Ill.--(BUSINESS WIRE) After reaching its highest level in 14 months, the economic confidence among small business owners fell in May as owners reported cash flow concerns and expect to cut back on business development spending, according to the latest Discover® Small Business WatchSM. The monthly index dropped more than 10 points to 78.1, down from 88.5 in April.
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CASTEL SECURES PATENT FOR ITS UNIQUE PREDICTIVE DIALER
Beverly, MA - Castel, Inc. a leading supplier of predictive dialer solutions, announced today that the company has been granted a patent on their proprietary, leading edge customer interaction management technology.
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RISK MANAGEMENT FOR LENDERS STREAMLINED - TRANSUNION ANNOUNCES GLOBAL LAUNCH OF AWARD WINNING DECISIONCENTRE(SM) SOLUTION
CHICAGO, /PRNewswire/ -- Today TransUnion introduced DecisionCentre(SM), a new ASP decisioning software solution to help financial institutions throughout the globe balance the risks and rewards of lending. TransUnion DecisionCentre's customizable program is designed to help organizations quickly enhance and streamline their risk management strategies, address portfolio growth, increase collections efforts and reduce fraud.
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U.S. LAW NOW REQUIRES DATA BREACH WARNINGS
Back in 2003, California became the first state to enact a law requiring companies to notify individuals if personal data had been compromised, expanding the rule in 2008 to include EMRs and health insurance information not covered by encryption. The majority of states have followed with similar laws since.
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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

Agency

A P SOLUTIONS
716-725-0290

Debt Buyers

KELLY FINANCIAL SERVICES
970-214-7745

STIRLING CAPITAL MANAGEMENT
561-791-8555

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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