News - Debt Connection - Your Online Resource for the Collection and Recovery Industry!

THE DEBT MARKETPLACE - AT A GLANCE
http://www.debtconnection.com/news.asp
Friday, July 15, 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

SPACE AVAILABLE AT FINAL BANKRUPTCY EDUCATIONAL FORUM PRIOR TO ENACTMENT - JULY 28TH IN LOS ANGELES

Most provisions of the New Bankruptcy Law go into effect on Oct 17, 2005, but some provisions went into effect when it was signed by President Bush on April 20, 2005.

Are you sure you know what is in the new law? Most of the attendees at our first two forums found many aspects they didn't know.

Executives and Operations leaders from a diverse group of Creditors, Agencies and Attorney firms attended the second of three Bankruptcy Educational Forums for Creditors at the Renaissance Philadelphia Hotel on June 22, 2005, presented by Resource Management Services, Inc. Here they learned about the key components of the new bankruptcy law and the affects for Secured and Unsecured Creditors, and how it will impact procedures and results from a consumer creditor's point of view.

There is still room available at this well received conference, please join us in Los Angeles, CA July 28, 2005 for the last of these important, timely, and informative sessions.

For updated "Bankruptcy Educational Forums for Creditors" information, please visit our web site at: http://www.ResourceManagement.com/bkedforums regarding registration, agenda, locations, dates, and hotels.

RETAILERS SUE VISA, CLAIMING PRICE FIXING
NEW YORK, July 15 (Reuters) - A group of large supermarket and drugstore chains has sued Visa International and its Visa USA unit, accusing the credit card association of price fixing, restricting competition, and keep companies from negotiating lower rates.
http://yahoo.reuters.com/?duid=mtfh19726_2005-07-15_13-16-10_n1596670_newsml

KPMG ACCOUNTING ORDERED TO PAY $100M
OSLO, Norway -- The Norwegian branch of international accounting group KPMG LLP was ordered to pay 656 million kroner ($100 million) in damages Friday after one of Norway's worst bankruptcies. The company said it will appeal.
http://seattlepi.nwsource.com/business

COLUMBIA HOUSE SETTLES FTC CHARGES OF DO NOT CALL VIOLATIONS
The Columbia House Company, a well-known direct marketer of home entertainment products, has settled Federal Trade Commission charges that it violated federal law by calling existing or past subscribers of its home entertainment clubs after the subscribers had placed their telephone numbers on the National Do Not Call Registry, and after the subscribers had made specific requests to the company that they not be called. Columbia House will pay a $300,000 civil penalty and is barred from making illegal telemarketing calls in the future.
http://www.ftc.gov/opa/2005/07/columbiahouse.htm

BANKRUPTCY REFORM MAY HAVE LITTLE EFFECT ON BANKRUPTCY RATES
STUDY SUGGESTS BANKRUPTCY SAFETY NET REMAINS FIRMLY IN PLACE
Claims that many consumers will no longer have the safety net of bankruptcy once bankruptcy reform goes into effect may be unfounded.
http://biz.yahoo.com/prnews/050714/cgth028.html?.v=18

MASTERCARD SURVEY FINDS ASIAN CONSUMER OPTIMISM DOWN
HONG KONG, July 14 (Reuters) - Consumers across the Asia Pacific remain optimistic but not as upbeat as they were late last year, as slowing exports pose a risk to economic growth, a MasterCard survey showed on Thursday.
http://www.mb.com.ph/BSNS2005071539468.html

GE DECLARES CREDIT CARD WAR
GE is preparing an all-out assault on the $30 billion Australian credit card market, aiming to overtake the Big Four banks and become the nation's leading card issuer within a few years.
http://www.theaustralian.news.com.au/common/story_page/0,5744,15911708^643,00.html

RHODE ISLAND DATA BREACH NOTIFICATION BILL BECOMES LAW
On July 10th, Rhode Island Gov. Carcieri's (R) failure to address H 6191 within 6 working days, allowed the consumer data breach notification bill to become law. It will be effective March 1, 2006.
http://www.clla.org/newswire/Washington_Hot_News.cfm?newsID=185&month=7&year=2005

RACING TO FILE FOR BANKRUPTCY?
NEW YORK - Changes in the bankruptcy law could force more companies seeking protection from creditors to close and could prompt a rush to file under the existing law, according to a published report.
http://money.cnn.com/2005/07/12/news/economy/bankruptcy_filings/index.htm

TD BANKNORTH LANDS HUDSON FOR $1.9 BILLION
TD Banknorth said Tuesday it would buy Hudson United Bancorp in a deal valued at $1.9 billion in cash and stock in a bid to expand its operations in the Northeast.
http://www.marketwatch.com/news/?guid=%7B299D9969-%7D&siteid=google

VAN RU CREDIT CORPORATION GRANTS 12TH WISH
Van Ru Credit Corporation is deeply committed to assisting charitable causes and organizations in the local community. In support of this commitment, Van Ru has been working with the Make-A-Wish Foundation of Illinois since April of 2001 and became a Bronze Corporate Partner in 2004. The Make-A-Wish Foundation is the national wish-granting organization dedicated to making wishes come true for children with serious illnesses.
http://www.debtconnection.com/pressrelease/VanRu_07112005.asp

MORGAN STANLEY SAYS CO-PRESIDENT CRAWFORD QUITS
Morgan Stanley said on Monday co-President Stephen Crawford has resigned, walking away with a $32 million pay package worked out before a change of leadership at the investment bank.
http://today.reuters.com/business/newsArticle.aspx?type=bankingFinancial&storyID=nN11465944

PRYCE-CASTLE DRAFT AMENDS FCRA TO REQUIRE SECURITY POLICIES, BREACH NOTIFICATION
Legislation expected to be introduced this month by Reps. Pryce (R-Ohio) and Castle (R-Del.), member of the House Financial Services Committee, would amend the Fair Credit Reporting Act to require organizations that handle sensitive financial data to maintain "reasonable" security policies and to report security breaches that could result in "substantial harm".
http://www.clla.org/newswire/Washington_Hot_News.cfm?newsID=184&month=7&year=2005

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

BUYER/SELLER 101 WILL BE OFFERED AGAIN IN SOUTHERN CALIFORNIA, August 11-12, 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

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:

$5,700,000 2nd, 20 Months since charge off
866-696-4442 Ext 211
Crown Asset Management, LLC
To View on DEBTCONNECTION.COM
http://www.debtconnection.com/portfolio.asp?168

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:

Vortex Financial Asset Management,LLC
866-877-2817

Merchants Retail Credit Association
800-441-9652

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:

Merchants Retail Credit Association
800-441-9652

Crown Asset Management, LLC
866-696-4442

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:

Heavy Action Recovery, Inc
716-873-7100

ATTORNEYS
To view all listed agencies and contact information on
DEBTCONNECTION.COM check
http://www.debtconnection.com/attorneys.asp
New additions and updates this week include:

McKinstry & Division Law Firm
360-598-4952

Parmenter O'Toole
231-722-5418

Hiday & Ricke, P.A.
904-363-2769

Underwood Law Firm
314-621-4940

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:

Garnet Capital Advisors
212-272-1633

BANKRUPTCY
To view all listed debt sellers and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting.asp?10
New additions this week include:

Creditors Bankruptcy Service
972-644-1127

INDUSTRY EVENTS
For all upcoming industry events, check
http://www.debtconnection.com/industryevents.asp

66th Annual ACA International Convention and Exposition
ACA International
Marriott Wardman Park Hotel
Washington, D.C.
July 20-23, 2005
http://www.acainternational.org/
(952) 928-8000 ext. 119

Bankruptcy Educational Forums for Creditors
Resource Management Services, Inc.
Los Angeles Airport Marriott
Los Angeles, CA
July 28, 2005
http://www.resourcemanagement.com/bkedforums/
(562) 906-1101

Buyer/Seller 101
The Debt Marketplace, Inc.
Southern California
August 11-12, 2005
http://www.debtmarketplace.com/buyerseller101.html
(562) 903-7220

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 - 2005 THE DEBT MARKETPLACE, INC. 562-903-7220
THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235
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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At A Glance Archive

At A Glance - Friday, December 30, 2005

At A Glance - Thursday, December 22, 2005

At A Glance - Friday, December 16, 2005

At A Glance - Monday, December 12, 2005

At A Glance - Friday, December 02, 2005

At A Glance - Wednesday, November 23, 2005

At A Glance - Friday, November 18, 2005

At A Glance - Friday, November 11, 2005

At A Glance - Friday, November 04, 2005

At A Glance - Friday, October 28, 2005

At A Glance - Friday, October 21, 2005