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At A Glance Newsletter
Thursday, April 14, 2005
THE DEBT MARKETPLACE - AT A GLANCE SPECIAL EDITION http://www.debtconnection.com/news.asp Thursday, April 14, 2005 LATE BREAKING NEWS... BANKRUPTCY BILL PASSES THE HOUSE 302 to 126 AND EXPECTED TO BE SIGNED BY THE PRESIDENT. As this new law passes, Resource Management Services, Inc. is developing regional bankruptcy forums, "Bankruptcy Educational Forum for Creditors". Come learn from the nation's most knowledeable professionals how the newly passed, critically important bankruptcy legislation will dramatically affect secured and unsecured credit grantors. RMS is producing three regional seminars, which will begin in June, 2005. Dates, locations and speakers are being confirmed. Watch our Bankruptcy Education Forum website for up-to-date information and you can register your interest to get more information about these regional workshops. For more information please click here: http://www.resourcemanagement.com/bkedforums/#agenda OTHER NEWS... PROPOSAL TIGHTENS DO-NOT-CALL LAW A bill in the state legislature proposed by Gov. George Pataki closes a loophole in the state's do-not-call registry, giving people who join the list more protection from telemarketers. http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20050413/BUSINESS/504130311/1001 SECURITY BREACH HITS HSBC'S MASTERCARD CREDIT CARDS British financial giant HSBC PLC (HBC) is notifying at least 180,000 people who used MasterCard credit cards to make purchases at Polo Ralph Lauren Corp. ( RL) that criminals may have obtained access to their credit-card information, and that they should replace their cards, Thursday's Wall Street Journal reported. http://money.cnn.com/services/tickerheadlines/for5/200504140034DOWJONESDJONLINE000008_FORTUNE5.htm HSBC ACTS ON CARD SNAFU As many as 187,000 GM MasterCard customers may have potentially had their personal information exposed, officials with card issuer HSBC Holdings said Wednesday. http://money.cnn.com/2005/04/13/news/fortune500/gm_creditcard/index.htm?cnn=yes CFCA 20TH ANNUAL MEETING AND CONFERENCE CFCA Educational Conferences are designed to keep Communications Professionals current on issues surrounding revenue loss and fraud solutions. We've seen rapid changes in the types of fraud committed against the networks, the type of criminals involved and new technology that has introduced new challenges to the arena. CFCA's objective is to meet the demand for information and networking opportunities for the communications security industry. http://www.cfca.org/events.html FTC, CALIFORNIA ATTORNEY GENERAL SEEK HALT TO ILLEGAL SPAM OPERATION The Federal Trade Commission and the Attorney General of California have asked a U.S. District Court Judge to order a halt to an operation that sent millions of illegal spam messages touting mortgage loans and other products and services. The agencies charge that the operation violates federal and state laws, and have asked the court to freeze the defendants' assets pending trial and order a permanent halt to the illegal spamming. http://www.ftc.gov/opa/2005/04/optin.htm FTC TESTIFIES ON SECURITY OF CONSUMERS' FINANCIAL DATA FTC Chairman Deborah Platt Majoras today told the Senate Judiciary Committee that despite the fact that data brokers may provide a valuable service both to business and government entities, "There are concerns about the aggregation of sensitive consumer information and whether this information is protected adequately from misuse and unauthorized disclosure. In particular, recent security breaches have raised questions about whether sensitive consumer information collected by data brokers may be falling into the wrong hands, leading to increased identity theft and other frauds." http://www.ftc.gov/opa/2005/04/financialdatatest.htm ANNOUNCED ACTIONS FOR APRIL 12, 2005 Commission authorization of the staff to file amended complaints: The Commission has authorized the staff to file an amended complaint in the matter currently pending against Capital Acquisition & Management Company (CAMCO). In December 2004, staff of the FTC's Midwest Region filed a complaint in U.S. district court against CAMCO and several other defendants alleging violations of Section 5 of the FTC Act and the Fair Debt Collection Practices Act (FDCPA) in connection with their debt-collection practices. http://www.ftc.gov/opa/2005/04/fyi0527.htm LEXISNEXIS ACKNOWLEDGES MORE ID THEFT LexisNexis, which compiles and sells personal and financial data on U.S. consumers, said Tuesday that personal information on 310,000 people nationwide may have been stolen. That number is nearly 10 times higher than the figure LexisNexis disclosed last month when it first reported that its databases had been breached. http://money.cnn.com/2005/04/12/technology/personaltech/lexis/index.htm INDIAN POLICE MAKE ARRESTS IN OUTSOURCING FRAUD NEW DELHI, India--Police have arrested former employees of an Indian call center that handles U.S. customer accounts for allegedly stealing consumers' funds. The suspected gang members arrested by police in Pune included three ex-workers of Mphasis BPO. http://asia.cnet.com/news/industry/0,39037106,39225444,00.htm 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/buyerseller101.html 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 3-4, 2005 The course is for originating creditors only: http://www.resourcemanagement.com/training.php3#auditing THE BEST OF THE AGENCY EXAMINER A text for Collection and Recovery professionals; this publication brings together over 15 years of the industry in one extraordinary volume. Find good, solid instruction and get the answers you need today! $149.00 + S&H To order, click here: http://www.resourcemanagement.com/examiner.php3 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. NEWEST ADDITIONS AND UPDATES TO DEBTCONNECTION.COM PORTFOLIOS AVAILABLE - FOR SALE To view all listed portfolios and contact information on DEBTCONNECTION.COM check: http://www.debtconnection.com/portfolioforsale.asp New additions and updates this week include: $499,147 - 2nd Placement All States 508-923-0736 P.N. Credit Services, Inc. To View on DEBTCONNECTION.COM http://www.debtconnection.com/portfolio.asp?126 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: P.N. Credit Services, Inc. 508-923-0736 For information on this company please visit their detailed profile: http://www.debtconnection.com/moreinfo.asp?1316 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: Debt Blazers, Inc. 240-432-7770 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 NARCA 2005 Spring Collection Conference NARCA Sheraton Boston Hotel, Boston, MA April 14-16 2005 http://www.narca.org/meetings/2005springconf/hotel.htm (617) 236-2000 14th Annual National Internet & Check Services Program Conference and Exposition ACA International Bally's Resort and Casino, Las Vegas, NV April 20-22, 2005 (952) 928-8000, Ext. 119 The 2005 Strategic Outsourcing Conference: Maximizing Value with the Next Generation of Outsourcing The Conference Board InterContinental The Barclay New York, New York, NY April 27-29, 2005 http://www.conference-board.org/conferences/conference.cfm?id=821 (212) 759-0900 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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