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Friday, March 05, 2010
This Week Articles:
RIDE THE ROADS TO RECOVERY ON A CUSTOM HARLEY AT DCS2010
Resource Management Services, Inc. is pleased to announce a pre-conference event, Ride the Roads to Recovery on a Custom Harley, at the Debt Connection Symposium and Expo 2010, September 14-16 at the Red Rock Hotel in Las Vegas.
read more

UNEMPLOYMENT HOLDS, 36,000 JOBS LOST IN FEBRUARY JOBS REPORT
As severe winter storms crippled East Coast cities, the U.S. economy shed thousands of jobs in February, according to a government report released Friday. But the unemployment rate remained unchanged.
read more

FANNIE AND FREDDIE ARE RIGHT TO FORCE BAD MORTGAGES BACK TO BANKS
Fannie Mae and Freddie Mac are poised to push $21 billion in troubled mortgages back to the banks who originated them.
read more

FTC AND STATES ATTORNEYS GENERAL TO ANNOUNCE MAJOR IDENTITY THEFT INITIATIVE
FTC Chairman Jon Leibowitz and Illinois Attorney General Lisa Madigan will host a press conference at 10:30 CST on Tuesday, March 9, to discuss a major identity theft law enforcement initiative.
read more

CREDIT REPAIR SCAMMERS SETTLE FTC CHARGES
A credit repair company that falsely claimed it would help boost consumers' credit ratings will settle Federal Trade Commission charges filed last year as part of "Operation Clean Sweep," a federal-state crackdown on credit repair scams.
read more

NEVADA BANKRUPTCY FILINGS IN JANUARY HIGHER THAN IN JANUARY 2009
Nevada bankruptcy filings dropped sharply in a month, falling 20.4 percent in January to 1,825 filings, according to numbers released by the U.S. Bankruptcy Court of Nevada.
read more

N.J. BILL TARGETING ABUSIVE DEBT COLLECTION APPROVED BY ASSEMBLY PANEL
Legislation designed to combat unscrupulous debt collection practices was approved 3-2 Thursday by the Assembly Consumer Affairs committee.
read more

CREDIT CARD ISSUERS TO BE MORE ACCOUNTABLE FOR RATE HIKES
In new rules disclosed today, the Federal Reserve is proposing to make credit card issuers more accountable by requiring them to provide as many as four reasons for every interest rate increase.
read more

TSYS ACQUIRING SOLUTIONS NAMES NEW PRESIDENT
Tempe, Ariz, March 3, 2010 - TSYS today announced that Mark D. Pyke, a 26-year veteran of the payments and financial services industry, has been named president of TSYS Acquiring Solutions®, the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers.
read more

BANK OF AMERICA TO COMBINE GLOBAL CARD SERVICES AND DEPOSITS
CHARLOTTE, N.C., March 2 /PRNewswire/ -- Bank of America today announced that it is combining the leadership of Global Card Services and Deposits under Susan Faulkner. The combined business will report to Joe Price, president, Bank of America Consumer, Small Business & Card Banking.
read more

MORTGAGE SERVICER OCWEN, IN CONGRESSIONAL TESTIMONY, RECOMMENDS IMPROVEMENTS TO HAMP PROGRAM THAT COULD HELP MORE DISTRESSED HOMEOWNERS
WASHINGTON, March 3, 2010 -- Ocwen Financial Corporation (NYSE:OCN) President Ronald M. Faris, testifying before Congress, voiced the mortgage servicer's support of the Administration's Home Affordable Modification Program (HAMP) and recommended enhancements that Ocwen believes would make the program more effective at preventing foreclosures and helping distressed homeowners.
read more

DISCOVER® U.S. SPENDING MONITORSM RISES 2.3 POINTS IN FEBRUARY
RIVERWOODS, Ill., Mar 03, 2010 (BUSINESS WIRE) -- The Discover U.S. Spending Monitor rose 2.3 points in February to 87.5 (based out of 100), as the economic outlook among consumers improved and discretionary spending intentions stabilized. A Monitor-low 35 percent of consumers are concerned about additional expenses or an income shortfall in the month ahead, while more consumers are expecting to have money left over after paying monthly bills.
read more

THE FEDERAL RESERVE BOARD ON WEDNESDAY PROPOSED A RULE AMENDING REGULATION Z (TRUTH IN LENDING) TO PROTECT CREDIT CARD USERS FROM UNREASONABLE LATE PAYMENT AND OTHER PENALTY FEES AND TO REQUIRE CREDIT CARD ISSUERS TO RECONSIDER INCREASES IN INTEREST RATES
"This proposal addresses two key costs of using a credit card--fees and interest rates," said Federal Reserve Governor Elizabeth A. Duke. "The rule would prevent credit card issuers from charging large penalty fees for small missteps by consumers and would require issuers to reevaluate rate increases imposed since the beginning of last year."
read more

ASSET ACCEPTANCE CAPITAL CORP. TO HOST FOURTH QUARTER AND 2009 YEAR-END CONFERENCE CALL MARCH 10
WARREN, Mich., Mar 02, 2010 (BUSINESS WIRE) -- Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the fourth quarter and year-end 2009 on Wednesday, March 10, 2010, at 4:00 p.m. EST. The Company will host a conference call at 5:00 p.m. EST the same day to discuss its results.
read more

ANOTHER GREAT SESSION ANNOUNCED FOR CRS2010
Resource Management Services is excited to announce that Dan Buell of Experian and James Christopher Lee of Wells Fargo Financial will be speaking on the "Skiptracing and Return on Investment" at the Collection and Recovery Solutions 2010 conference, being held at the Four Seasons Hotel, Las Vegas, Nevada, May 5-7, 2010.
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
$3,248,617.00     Payday Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?855  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$59,935,334.00     Medical
Oxford Management Services
http://www.debtconnection.com/portfolio.asp?854  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3241  

$13,711,231.00     Retail
Runci Group
http://www.debtconnection.com/portfolio.asp?853  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4241  

Debt Buyers
ETECHNOMINE
209-349-9647

LUMAX FINANCIAL INC.
402-291-8900

Industry Events

Credit & Accounts Receivable Open Forum
Credit Research Foundation
Hilton San Diego Resort & Spa
San Diego, CA
March 8 -10, 2010
More Information

2010 Spring Forum & Expo
ACA International
DoubleTree Paradise Valley Resort
Scottsdale, AZ
March 17 - 19, 2010
More Information

14th Annual National Collections & Credit Risk Conference
American Banker
InterContinental Miami
Miami, FL
March 21 - 23, 2010
More Information

Collection and Recovery Solutions 2010
Resource Management Services, Inc.
Four Season Las Vegas
Las Vegas, NV
May 5 - 7, 2010
More Information
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