DebtConnection.com 05/17/2013

REPORT: FORECLOSURE TIMELINES LENGTHEN WITH HIGHER LOAN AMOUNTS
Among California homeowners encountering foreclosure, those with higher loan amounts tended to hold on to their homes longer than those with lower loan amounts, according to this month's report from ForeclosureRadar.
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CLARIFICATION OF THE 2013 ESCROWS FINAL RULE
Today, we issued a final rule clarifying and making technical amendments to the 2013 Escrows Final Rule issued by the Bureau this past January. This is the first final rule in connection with our planned issuances to clarify and provide additional guidance about the mortgage rules we issued in January. It is based on a proposed rule issued in April.
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OPERATORS OF TWO BOGUS TECH SUPPORT SCHEMES SETTLE FTC CHARGES
Two operators of alleged tech support scams have agreed to settle Federal Trade Commission complaints and give up their ill-gotten gains.
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JC FLOWERS BUYS BRITISH DEBT COLLECTION BUSINESS FROM ANACAP
LONDON (Reuters) - Private equity firm AnaCap said on Wednesday it had agreed to sell British consumer debt collector Cabot Credit Management (CCM) to U.S. investment firm JC Flowers.
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HSBC MAY CUT 14,000 MORE JOBS AS REVENUE FACES PRESSURE
HONG KONG/LONDON (Reuters) - HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.
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U.S. HOUSEHOLDS BARELY OUT OF FINANCIAL DISTRESS IN Q1
U.S. households experienced higher levels of financial distress in the first quarter as they faced budget constraints and a drop in the savings rate, according to the CredAbility Consumer Distress Index.
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CFPB DEBUTS SPANISH LANGUAGE WEBSITE
WASHINGTON, D.C. - Today the Consumer Financial Protection Bureau (CFPB) launched its Spanish language website. The website, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to consumers' frequently asked questions.
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CENTRAL ARIZONA BANK IN SCOTTSDALE CLOSED BY THE AZ DEPARTMENT OF FINANCIAL INSTITUTIONS
(Source: FDIC) - Central Arizona Bank, Scottsdale, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Western State Bank, Devils Lake, North Dakota, to assume all of the deposits of Central Arizona Bank.
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SPACE AVAILABLE FOR THE THIRD PARTY VENDOR AUDITING WORKSHOP IN BALTIMORE, MD JUNE 5 - 6, 2013
Oversee your service provider relationships in a manner that ensures compliance with Federal consumer financial laws. The Third Party Vendor Auditing Workshop is a two-day class designed for compliance officers, vendor managers or collection agency auditors who would like to learn more strategy and practical tips for auditing collection activities, whether at your own shop or at one of your vendor's.
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HOUSEHOLD DEBT RECEDES WITH MORTGAGE, CREDIT CARD BALANCES
In the first quarter of this year, mortgage originations increased, but total outstanding mortgage debt decreased, according to the Household Debt and Credit Report from the Federal Reserve Bank of New York. Delinquencies also improved over the quarter while foreclosure notices declined, according to the report.
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DIRECTOR RICHARD CORDRAY AT THE NATIONAL ASSOCIATION OF REALTORS
Thank you all for inviting me here today. Ten years ago, I was serving in Ohio local government as the Franklin County Treasurer. My work there involved dealing with the collection of current and delinquent real estate taxes, and we were beginning to see the first indicators of a foreclosure crisis we did not understand. So we decided that I would embark on a speaking tour of the local realtor associations, and we found to our surprise that there were seventeen distinct associations in the central Ohio area alone. I assume you have heard the old adage that all politics is local? Well, it turns out that so is all real estate. So I set out on a round of early morning breakfasts that just about killed me, because, let me tell you, I am not a morning person. But I learned that you realtors are hard-working professionals who understand plainly that the early bird gets the worm. So it is a pleasure for me to speak before the National Association of Realtors today, and it is a special pleasure to be invited to speak to you in the afternoon!
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Product Launches and Product Info

SPACE AVAILABLE FOR THE THIRD PARTY VENDOR AUDITING WORKSHOP IN BALTIMORE, MD JUNE 5 - 6, 2013
Oversee your service provider relationships in a manner that ensures compliance with Federal consumer financial laws. The Third Party Vendor Auditing Workshop is a two-day class designed for compliance officers, vendor managers or collection agency auditors who would like to learn more strategy and practical tips for auditing collection activities, whether at your own shop or at one of your vendor's.
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

$4,057,360.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?4660
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4820

$1,353,813.00     Payday Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?4661
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4820

$1,322,566.00     Payday Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?4662
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4820

$1,753,115.00     Consumer Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?4663
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4820

$1,668,230.00     Consumer Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?4664
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4820

$562,678.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4653
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$900,000.00     Credit Cards
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4646
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$4,532,886.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4658
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$42,759,791.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4657
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$2,513,940.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4656
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$6,451,830.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4654
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$103,384.00     Other
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4652
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$586,831.00     Other
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4651
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$1,454,339.00     Oil
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4650
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$578,774.00     Other
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4649
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$975,000.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4647
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$430,412.00     Checks
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4643
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$460,000.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4644
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$161,000.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4645
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$1,587,757.00     Credit Cards
Alpha Premier Investments
http://www.debtconnection.com/portfolio.asp?4655
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6113

$2,000,000.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4621
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$512,730.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4626
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$138,319.00     Judgments
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4625
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$321,355.00     Credit Cards
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4640
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$445,792.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4627
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$7,766,884.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4642
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$2,700,000.00     Payday Loans
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4636
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$3,209,965.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4634
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$2,512,153.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4633
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$852,008.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4632
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$32,156,689.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4631
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$1,653,218.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4630
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$158,930.00     Payday Loans
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4641
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$2,668,996.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4628
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$1,531,400.00     Credit Cards
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4624
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$18,000,000.00     Other
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4619
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$100,400.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4620
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$882,000.00     Payday Loans
Bay Capital Management Group
http://www.debtconnection.com/portfolio.asp?4622
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4866

$282,199.00     Judgments
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4639
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$395,737.00     Credit Cards
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4638
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$175,378.00     Consumer Loans
Nexiem Solutions and Associates LLC
http://www.debtconnection.com/portfolio.asp?4637
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5308

$9,172,012.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4629
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$1,391,526.00     Other
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4600
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$2,409,825.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4603
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$866,538.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4602
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$1,405,410.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4601
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$27,544,440.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4596
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$3,305,646.00     Checks
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4598
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$10,433,649.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4597
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

$3,209,965.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4583
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$2,512,153.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4584
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$852,008.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4585
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$32,156,689.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4586
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$1,653,218.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4587
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$9,172,012.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4588
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$2,668,996.00     Payday Loans
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?4589
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453

$191,390.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?4581
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301

Debt Sellers

NEXIEM SOLUTIONS AND ASSOCIATES LLC
Karen Baine
800-385-1239
More Information

Industry Events

Third Party Vendor Auditing Workshop
Resource Management Service, Inc.
Hilton Baltimore BWI Airport
Baltimore, MD
June 5 - 6, 2013
More Information

ACA International
ACA's 74th Annual Convention & Expo
Manchester Grand Hyatt
San Diego, CA
July 14 - 16, 2013
More Information

Debt Connection Symposium and Expo 2013
Resource Management Services, Inc.
Red Rock Hotel
Las Vegas, NV
September 9 - 12, 2013
More Information