DebtConnection.com 6/12/2009

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Friday, June 12, 2009

This Week Articles:

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EMPLOYED SEE TOUGH TIMES, TOO
People who still have jobs are faring worse than at any time since the Great Depression, a USA TODAY analysis of employment data found. Furloughs, pay cuts and reduced hours are taking a toll on workers who so far have escaped job cuts.
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ALLY BANK BOWS TO FDIC AND CUTS RATES
NEW YORK (Fortune) -- Ally Bank, a lending arm of struggling car-and-house financier GMAC, has cut the rates it offers depositors after a friendly chat with regulators.
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WITH RISING DEBT, A JOB MARKET GROWS
Bob Peterson is aware of the stereotypes and perceptions surrounding the debt collection business. He said people envision the agencies to be "cold and dark and smoky," windowless dens where bank accounts go to die.
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STATE SHUTS DOWN BLOOMINGTON COLLECTION AGENCY
St. Paul, Minn. - The Minnesota Department of Commerce has suspended the collection agency license of Bloomington-based International Collection Services, accusing the company of misappropriating more than $125,000 from clients in the last three years.
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DIALCONNECTION ANNOUNCES THE INTEGRATION OF DIALINTELLIGENCE, AN ALL-INCLUSIVE CONTACT CENTER SOLUTION, WITH LATITUDE'S LATEST RELEASE, VERSION 8.X.
The seamless integration of DialConnection's DialIntelligence with Latitude's Version 8.x will provide their clients access to the most complete and cost effective contact center solution in the industry. This seamless integration of DialIntelligence and Latitude offers the maximization of agent productivity within contact centers in Collections, Financial Services, Government, Investment Banking, Telemarketing or Utilities.
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TRANSUNION REPORTS CARD DELINQUENCY CREEPING UP
The TransUnion credit bureau has found that card delinquency across all card issuers is creeping higher.
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AMERICANS' WEALTH DROPS $1.3 TRILLION
Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009, as the stock market and home values continued to decline, according to a government report released Thursday.
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AGENCIES ISSUE FREQUENTLY ASKED QUESTIONS ON IDENTITY THEFT RULES
Six federal agencies issued a set of frequently asked questions (FAQs) today to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address. The "Red Flags and Address Discrepancy Rules," which implement sections of the Fair and Accurate Credit Transactions Act of 2003, were issued jointly on November 9, 2007, by the Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), and Federal Trade Commission (FTC).
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T-MOBILE SAYS DATA BREACH NOT CAUSED BY HACKERS
T-Mobile USA confirmed that the customer data that was posted on the Internet late last week belonged to the carrier, but it wasn't obtained by hacking.
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USA - CREDIT & DEBT COLLECTION GURU, MICHELLE DUNN, BECOMES SYNDICATED EXPERT COLUMNIST FOR ENTREPRENEUR MAGAZINE
Plymouth, NH- Businesses and entrepreneurs everywhere are worried about their business, their customers and getting paid as the economy continues to suffer and more people lose their jobs, and their homes across our Nation. The Nations authority on collecting money, an author, columnist and credit & debt collection expert, Michelle Dunn, has been asked to share her expertise about credit and debt collection for the National publication, Entrepreneur Magazine.
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BRADLEY ARANT REPORTEDLY SCAMMED OUT OF MORE THAN $400K
Bradley Arant Boult Cummings has reportedly fallen victim to a sophisticated debt collection scam, to the tune of more than $400,000.
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AGENCIES ISSUE FREQUENTLY ASKED QUESTIONS ON IDENTITY THEFT RULES
Six federal agencies issued a set of frequently asked questions (FAQs) today to help financial institutions, creditors, users of consumer reports, and issuers of credit cards and debit cards comply with federal regulations on identity theft and discrepancies in changes of address.
read more

DEBT CONNECTION SYMPOSIUM AND EXPO™ 2009 SPEAKERS BRING A WEALTH OF EXPERIENCE TO DCS 2009 GENERAL SESSIONS AND ROUND TABLES.
The current economic conditions create significant challenges and opportunities. It is critical to position your operation to succeed. Learn what is working and what isn't, from those with real world collections and recovery operational experience. Dennis and Judy Hammond are pleased to bring you an excellent lineup of quality speakers at the Debt Connection Symposium and Expo 2009, September 15 – 17, 2009.
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CREDIT CARD FEE BONANZA
President Barack Obama signed a piece of critical consumer protection legislation last month: the Credit Card Accountability, Responsibility and Disclosure Act. The law reigns in credit card companies' billing practices and limits the fees that banks can charge consumers.
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MORE EMPLOYEES NEGLECTING DATA SECURITY, SURVEY SAYS
More employees are ignoring data security policies and engaging in activities that could put a company at risk, according to a survey released by Ponemon Institute on Wednesday.
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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

$267,688.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?716
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$51,714.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?715
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$960,586.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?714
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$134,013.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?713
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$161,705.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?712
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$272,268.00     Judgments
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?711
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$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

Agency

BAYSIDE ASSET MANAGEMENT, LLC.
480-603-9206

Debt Buyers

DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information

BAYSIDE ASSET MANAGEMENT, LLC.
480-603-9206

ALL DEBT TRADERS PORTFOLIO CO., LLC
866-238-2160

Debt Sellers

PACIFIC HEALTHCARE SERVICES
Ryan Evans
714-846-3947
More Information

ALL DEBT TRADERS PORTFOLIO CO., LLC
Vic Battaglia
866-238-2160
More Information

VANDENBERG, CHASE/NIRVANNA TRADING
Chris Norman
404-249-1099
More Information

Industry Events

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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