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At A Glance Newsletter
Friday, March 25, 2005
THE DEBT MARKETPLACE - AT A GLANCE http://www.debtmarketplace.com/glance.html Friday, March 25, 2005 The DEBT CONNECTION website offers a searchable database of service providers and suppliers, for more information go to http://www.debtconnection.com. Check listings by category on DEBT CONNECTION Master Search by going to: http://www.debtconnection.com/mastersearch.asp For more information on detailed profiles please go to: http://www.debtconnection.com/advertising.asp JPMORGAN SEES HIGHER CREDIT CARD CHARGE-OFFS JPMorgan Chase & Co. said on Thursday that under new federal rule interpretations it will increase minimum payments due on some of its credit cards which in turn could hike payment defaults and charge-offs. http://yahoo.reuters.com/?duid=mtfh47284_2005-03-24_17-41-32_n24177175_newsml MAJOR PAYMENT SYSTEMS, LLC ANNOUNCES PARTNERSHIP WITH EXPRESS PAYMENT SOLUTIONS TO PROVIDE NATIONWIDE BANK FUNDS LOADING SOLUTION Major Payment Systems, LLC (MPS) a leading provider of financial transaction processing, announced a partnership with Worldwide Financial Services dba Express Payment Solutions (EPS). http://news.yahoo.com/news?tmpl=story&u=/prweb/20050325/bs_prweb/prweb221296_1 BANKING RULES ADDRESS THEFT OF CONSUMERS' PRIVATE DATA Banks and some other financial institutions will be required to tell customers if their private information has been obtained by hackers or identity thieves and is likely to be misused, under rules approved this week and announced yesterday. http://news.yahoo.com/news?tmpl=story&u=/washpost/20050324/tc_washpost/a61849_2005mar23 FED'S INFLATION WORRIES MAY MEAN TIGHTENING The Federal Reserve, expressing newfound concerns about inflation, will keep on raising interest rates for the rest of this year and beyond. http://biz.yahoo.com/ap/050323/fed_interest_rates_4.html CITIGROUP, PUTNAM, AMEX, CHASE FINED OVER FUNDS Citigroup and Putnam Investments will pay civil fines of $20 million and $40 million respectively to resolve federal regulators' allegations that they kept from customers the fact that brokers were paid to recommend certain mutual funds, creating a conflict of interest. http://www.usatoday.com/money/perfi/funds/2005-03-23-fund-settlements_x.htm?csp=34 FANNIE MAE MORTGAGE PORTFOLIO SHRINKS Fannie Mae is shrinking its loan portfolio even faster than expected as the mortgage giant prepares for new capital standards that go into effect at midyear. http://biz.yahoo.com/ap/050321/fannie_mae_2.html FTC SETTLES WITH AMERIDEBT: COMPANY TO SHUT DOWN AmeriDebt, Inc. will shut down its debt management operation as part of a settlement of Federal Trade Commission charges that it deceived consumers into paying at least $170 million in hidden fees. http://www.ftc.gov/opa/2005/03/ameridebt.htm CREDITORS' AUDITOR TRAINING CLASS The Auditor Training course offered by Resource Management Services, Inc. (RMS) provides the attendee with an understanding of what a collection vendor auditor should be looking for. The course covers specifics on what to look for and how to evaluate the findings. The class will held in Southern California on May 3-6, 2005 The course is for originating creditors only: http://www.resourcemanagement.com/training.php3#auditing BUYER/SELLER 101 WILL BE OFFERED AGAIN IN SOUTHERN CALIFORNIA, MAY 19-20, 2005 It is designed for first-time buyers and sellers, or experienced professionals interested in fine-tuning their skills, these courses include detailed analysis in Market Overview, Defining Your Needs, Due Diligence, Contracts, Pricing, Strategies, and Measurement Methods. http://www.debtmarketplace.com/buyer-seller101.html DEBTCONNECTION.COM CONTINUES TO GROW & EXPAND The industry Website, http://www.debtconnection.com continues to grow tremendously and expands with new listings daily. Find portfolios, buyers, sellers and industry service providers such as consultants, agencies, products and more. PORTFOLIOS WANTED - TO BUY To view all listed portfolios and contact information on DEBTCONNECTION.COM check: http://www.debtconnection.com/portfoliowanted.asp New additions this week include: Judgement Recovery Group, LLC 707-263-5412 DEBT BUYERS To view all listed debt buyers and contact information on DEBTCONNECTION.COM check: http://www.debtconnection.com/debtbuyers.asp New additions and updates this week include: Hamilton General Financial Corp. 317-773-3583 H.A.P. Group Consulting L.L.C. 501-960-5395 Cedarcrest Capital, LLC 917-535-0331 DEBT SELLERS To view all listed debt sellers and contact information on DEBTCONNECTION.COM check: http://www.debtconnection.com/debtsellers.asp New additions and updates this week include: J & K Capital Partners 716-854-3059 AGENCIES To view all listed agencies and contact information on DEBTCONNECTION.COM check http://www.debtconnection.com/agencies.asp New additions and updates this week include: J Wilson & Associates P.C., 866-425-5005 BROKERS To view all listed debt sellers and contact information on DEBTCONNECTION.COM check: http://www.debtconnection.com/blisting.asp?25 New additions this week include: Dowler @ Associates 760-749-2197 INDUSTRY EVENTS For all upcoming industry events, check http://www.debtconnection.com/industryevents.asp Sixth Annual Client Conference Austin Logistics Austin, TX April 20-21, 2005 http://www.austinlogistics.com/news/clientconference.php (512) 478-4500 DETAILED PROFILES ON WWW.DEBTCONNECTION.COM ARE AVAILABLE If you're serious about your listing, get a one-page detailed profile, so Buyers, sellers and others know more about who you are. Detailed profiles are indexed by major search engines. It's a great way to add exposure to your company and/or website. SPONSORSHIP MESSAGE This At A Glance report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including... Marketing your portfolio. Due Diligence for Buyers and Sellers. Evaluating the viability of a sale. Addressing pricing, contract and negotiation considerations. Attaining the most efficient transition possible, while minimizing post-sale issues. Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs. Check them out at: http://www.debtmarketplace.com/ Copyright 2001, 2002, 2003, 2004 THE DEBT MARKETPLACE, INC. 562-903-7220 At A Glance reports can be expected weekly or biweekly, depending on quantity of news and information to report. You may send this report, in its entirety, to others who may have interest. 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