DebtConnection.com 6/5/2009

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Friday, June 05, 2009

This Weeks Articles:

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SILVERTON TO BE CLOSED BY FDIC RATHER THAN SOLD
The FDIC found buyers for Atlanta's failed bankers' bank, Silverton, but none of Silverton's suitors wanted to pay enough for it. After analyzing the offers, the FDIC decided it would be less costly to shut the bank down than to accept the bids received.
read more

EX-COUNTRYWIDE CEO ACCUSED ON FRAUD
WASHINGTON (AFP) - US regulators Thursday filed civil fraud charges against the former chief executive of failed mortgage giant Countrywide Financial, saying he misled investors about the company's risky loans.
read more

FORMER GMAC BANK UNDER ATTACK
NEW YORK (Fortune) -- Though its name connotes friendliness, Ally Bank -- the lending unit of troubled financial services giant GMAC -- has found at least one powerful foe in Washington.
read more

DISCOVER ® U.S. SPENDING MONITOR^sm RISES FOR THIRD CONSECUTIVE MONTH, UP 2 POINTS IN MAY
RIVERWOODS, Ill.--(BUSINESS WIRE)--Jun. 3, 2009-- The Discover U.S. Spending Monitor rose for the third consecutive month, up 2 points in May to 86.2 (based out of 100). This is the highest the Monitor's index has been since September, as the number of consumers saying the economy is getting better rose 5 points to 27 percent, a new Monitor high.
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BANKRUPTCY FILINGS RISE TO 6,000 A DAY AS JOB LOSSES TAKE TOLL
Consumer and commercial bankruptcy filings are on pace to reach a stunning 1.5 million this year, according to a report from Automated Access to Court Electronic Records.
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OUTSOURCING WILL STAY, SAYS INDUSTRY EXPERTS
The global downturn has only slowed the rapid growth in India's outsourcing business. In fact, the pressure on companies, and even governments, to reduce costs significantly is giving outsourcing business, a boom, which was deeply uncertain just six months ago.
read more

CONVERGYS LAUNCHES LOAN MODIFICATION SOLUTIONS THAT PROVIDE MORTGAGE LENDERS
Cincinnati; Convergys Corporation (NYSE: CVG), a global leader in relationship management, today announced the immediate availability of new Convergys Loan Modification Solutions. The solutions enable mortgage service providers to quickly and effectively respond to heavy customer demand for refinancing by leveraging Convergys' skilled live agent assistance and award-winning self-service automation technology, proactive outbound communications via voice, e-mail, or text, and analytics to encourage loan retention and new lending, while lowering service costs. The solutions are available as a full suite or as individual services.
read more

TREASURY ANNOUNCES $135 MILLION MORE IN RECOVERY ACT FUNDS TO CREATE JOBS, PROVIDE AFFORDABLE HOUSING
WASHINGTON - As part of the Obama Administration's effort to create jobs and ease pressures on the housing market, the U.S. Department of the Treasury today announced nearly $135 million in American Recovery and Reinvestment Act (Recovery Act) funding to spur the development of affordable housing units in Iowa, Maine, New Hampshire, Rhode Island, and Washington.
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FEDERAL RESERVE RAISES STANDARDS FOR TARP REPAYMENT BY BANKS
Intensifying the capital assessment of the banks aided under the government's Troubled Asset Relief Program, - TARP - the Federal Reserve officials last week surprised bankers by demanding an increase in their specific amounts of new capital, prior to repayment of taxpayer funds.
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N&P TEAMS UP WITH MBNA TO INTRODUCE NEW CREDIT CARD
Jun 03, 2009 PowerRating -- Norwich and Peterborough Building Society has teamed up with MBNA to launch a new credit card which offers 0% interest for one year on all balance transfers.
read more

RECESSION LIKELY TO CHANGE U.S. CREDIT CARD USE
For decades, the credit card has symbolized the American way of life, but this recession may force both the symbol and the reality to change.
read more

INDIA FEELS LESS VULNERABLE AS OUTSOURCING PRESSES ON
NOIDA, India - The global downturn has slowed the rapid growth in India's outsourcing business, but only slowed it. In fact - because of the pressure on companies, and even governments, to reduce costs - many outsourcing businesses are booming. And a mood that was deeply uncertain just six months ago has turned much more optimistic.
read more

PAYDAY LENDER BILL CLOSES LOOPHOLES IN CURRENT OHIO LAW
State Rep. Matt Lundy on Tuesday introduced his long-awaited bill to combat payday clones.
read more

COLLECTION AGENCY TOLD TO PAY COUPLE $500G
Callers were abusive, threatening couple could lose their house and savings
read more

CUOMO ANNOUNCES REFORM DEAL WITH THREE DEBT COLLECTION COMPANIES
ALBANY - Attorney General Andrew Cuomo Tuesday announced that his office has reached an agreement with three New York debt collection companies that failed to adequately supervise employees who engaged in deceptive and fraudulent methods to collect debts.
read more

TRANSUNION.COM: MORTGAGE LOAN DELINQUENCY RATES RISE FOR NINTH STRAIGHT QUARTER, BUT AT A SLOWER PACE
CHICAGO, June 1 /PRNewswire/ -- TransUnion.com released today the results of its analysis of trends in the mortgage industry for the first quarter of 2009 and the associated impact on the U.S. consumer. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data available on TransUnion's Web site. Information for this analysis is culled quarterly from approximately 27 million anonymous, randomly sampled, individual credit files, providing a real-life perspective on how U.S. consumers are managing their credit health.
read more

U.S. BANK INTRODUCES NEW PAYMENT SOLUTION FOR PHYSICIAN OFFICES
MINNEAPOLIS--(BUSINESS WIRE)--Jun. 2, 2009-- Responding to a growing need among healthcare providers in the United States, U.S. Bank has launched Healthcare Payment Management (HPM) Essentials, a physician-focused payment tool that enables doctors' offices to collect more patient self-pay balances -such as co-pays and deductibles - at the time and point of care.
read more

DIRECTV EXTENDS PARTNERSHIP WITH CONVERGYS TO PROVIDE RELATIONSHIP MANAGEMENT SERVICES, RAISE THE BAR ON CUSTOMER EXPERIENCE, AND ENHANCE BUSINESS PERFORMANCE
(Cincinnati & El Segundo, California; Convergys Corporation (NYSE: CVG), the major provider of relationship management services to DIRECTV (NASDAQ: DTV), will continue to deliver and enhance these services for DIRECTV's more than 18 million customers under a new two-year Master Service Contract.
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DIALCONNECTION ANNOUNCES A STRATEGIC PARTNERSHIP WITH SINGLESOURCE TELECOM TO OFFER CLIENTS THE MOST COMPETITIVE TELECOMMUNICATIONS RATES IN THE INDUSTRY, REDUCING COSTS AS MUCH AS 30-50%!
Berlin, NJ DialConnection, LLC, an international leader in providing advanced, all-inclusive contact solutions, has announced the strategic partnership with SingleSource Telecom, a telecommunications provider which has a proven record of reducing telecommunications costs for numerous firms in various industries.
read more

COMMISSION APPROVES AMENDED COMPLAINT IN "ROBOCALL" CASE
The FTC has amended the complaint in the action currently pending against Voice Touch, Inc., adding Voice Foundations, LLC as a defendant.
read more

IAT AND SENTINEL PARTNER TO PROVIDE COMPLETE HOSTED SOLUTION
IAT-Salt Lake City, UT,--and Sentinel Development Solutions-Dallas, TX-announced
today a partnership to supply a complete hosted solution for small agencies who can't afford to buy collection software and dialing technology outright.
read more

NOBLE SYSTEMS RECEIVES FROST & SULLIVAN'S 2009 NORTH AMERICAN CUSTOMER VALUE LEADERSHIP AWARD
Atlanta, GA Noble Systems Corporation, a global leader in innovative contact center
technology solutions, has received the Frost & Sullivan 2009 North American Customer Value Leadership Award. Noble Systems received the award based on its rich experience in the outbound customer contact solutions market, strong solutions portfolio, and a singular focus on helping its customers succeed and achieve their goals.
read more

NEW CARD BILL BRINGS MARKET PERILS AND OPPORTUNITIES FOR CREDIT UNIONS
Credit unions will have to compete in a credit card market stripped of some of their traditional consumer advantages, thanks to the credit card reform legislation recently signed into law.
read more

COLLECT CANADA LTD. RANKED AS ONE OF THE TOP 100 FASTEST-GROWING COMPANIES IN CANADA ACCORDING TO PROFIT MAGAZINE
NEWMARKET, Ont. , June 1, 2009... COLLECT CANADA LTD. has been ranked as one of Canada's Top 100 Fastest-Growing Companies according to the "21st annual PROFIT 100 ranking of Canada's Fastest Growing Companies" by PROFIT Magazine.
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COLLECTCORP COLLECTION COMPANY MOVES TO MIDDLEBURG HEIGHTS
MIDDLEBURG HTS. -- Collectcorp, a global accounts receivable collections company, will open a call center in Middleburg Heights this July.
read more

CITIGROUP, MORGAN STANLEY SEAL JOINT BROKERAGE
NEW YORK: Citigroup and Morgan Stanley said on Monday they finalized a deal merging the worldwide brokerage operations of the banking giants ahead
of schedule.
read more

GMAC IN DISPUTE WITH BANKERS GROUP
Ally Bank, the banking arm of GMAC Financial Services, is in a budding dispute with the American Bankers Association over the higher interest rates the lender is offering on its savings accounts.
read more

FINANCIAL WINNERS AND LOSERS: DISCOVER
Credit card issuers were among the best performers early Monday following an upgrade of Discover Financial
read more

WORKFORCE INCENTIVE PROGRAMS: THE EVIDENCE & THE MYTHS REVISITED
INDUSTRY EXPERT OFFERS WEBINAR FOCUSING ON CONTACT CENTER CHALLENGES
read more

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

$2,905,070.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?709
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$1,895,278.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?708
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$2,787,122.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?710
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

Consultants

FAIRWAY FINANCIAL SOLUTIONS
Ken Hannold
972-869-7659
More Information

Debt Buyers

HERITAGE PACIFIC
808-226-0711

CALIFORNIA CAPITAL PARTNERS
619-578-2794

JAYKANE CREDIT COLLECTIONS
347-224-3224

FAIRWAY FINANCIAL SOLUTIONS LLC
972-869-7659

Debt Sellers

FAIRWAY FINANCIAL SOLUTIONS LLC
Ken Hannold
972-869-7659
More Information

Skip Tracing

LOCATEPLUS
Leeanne Nagle
888-746-3463
More Information

VERIFACTS, INC.
800-542-7434

Software

BFRAME DATA SYSTEMS INC.
678-387-0100

CDS SOFTWARE
888-816-3333

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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