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, June 16, 2006

DEBT CONNECTION SYMPOSIUM & EXPO ANNOUNCES ADDITIONAL FEATURED SESSIONS
By request, two additional sessions are being added to conference agenda. The first, is a special break out session and benchmarking meeting specifically for Auto Finance Creditors. This session will be invitation only for creditors due to the nature of the topics. The second new session will be directed to the Medical Industry. It will have two phases. The first portion of the session will be medical providers only. The second portion of the session will be open to all interested industry service providers in addition to the medical providers. "We're proud to carry on two special traditions which began at the Collection and Recovery Solutions conference in 2005, the Charity Benefit and Auction for Children's Hospital of Orange County, and the recognition with Tribute Awards for top industry providers," says Judy Hammond, President of Resource Management Services, Inc. "We're happy to create a forum where superior performance is recognized and awarded. The second annual tribute awards will be presented at Thursday's night event." The Debt Connection Symposium offers many special touches, including creditor strategies and collection operations tracks, featured company meetings (specifically scheduled vendor/agency and new vendor orientation meetings), as well as a Screening Room in the Expo, with new products and services for the industry. All industry professionals are invited to attend this special, new industry event. Register today and make hotel reservations, to guarantee there will be space.

For more information, visit the Debt Connection Symposium and Expo website at:
http://www.dcs2006.com/

MARKETS SWAY BACK AND FORTH TO BERNANKE'S BEAT
Given his prior government service and impressive academic background, there was little reason to think the audience most pleased with Ben Bernanke's early tenure leading the Federal Reserve would be short-term traders who thrive on volatility.
http://seattletimes.nwsource.com/html/businesstechnology/2003064694_bernanke16.html

FANNIE MAE CEO QUESTIONED ON MISDEEDS
The chief executive of mortgage giant Fannie Mae, who was the top operations official at the time of accounting misdeeds, endured pointed questioning Thursday from senators demanding details of his actions.
http://www.cbsnews.com/stories/2006/06/15/ap/business/mainD8I8T0VO1.shtml

FTC ANNOUNCES FIRST CASE HIGHLIGHTING APPLICATION OF DO NOT CALL PROVISIONS TO AFFILIATES
A seller of discount health and prescription drug cards and its telemarketer will pay civil penalties of $300,000 and $50,000, respectively, to settle Federal Trade Commission charges that they have been violating the Do Not Call (DNC) provisions of the Commission's Telemarketing Sales Rule (TSR), and will be prohibited from similar conduct in the future, the agency announced today.
http://www.ftc.gov/opa/2006/06/phaseone.htm

DEBT MANAGEMENT TELEMARKETERS SETTLE FTC CHARGES
A credit counseling service and related companies and individuals have agreed to pay $926,754 in consumer redress and civil penalties to settle Federal Trade Commission charges that they made false claims about their debt management program and violated the FTC's Do Not Call Rule.
http://www.ftc.gov/opa/2006/06/cfa.htm

PORTFOLIO RECOVERY ASSOCIATES APPOINTS JOEL LEWIS VP, EFFECTIVE JUNE 14 -
Portfolio Recovery Associates, Inc. on Wednesday announced the appointment of Joel Lewis to the new position of Vice President-Utility Acquisitions, effective June 14, 2006.
http://www.tradingmarkets.com/tm.site/news/BREAKING%20NEWS/280730/

BERNANKE SAYS RISK MANAGEMENT, CAPITAL 'CRITICAL' TO FINANCIAL STABILITY
Federal Reserve Chairman Ben S. Bernanke told bankers that it's ''critical'' to manage risks well and maintain sufficient capital for the good of the financial system and their institutions.
http://www.bloomberg.com/apps/news?pid=email_us&refer=fed_watch&sid=aPJxzs3gwZxc

PERELLA WEINBERG RAISES MORE THAN $1 BLN FOR BOUTIQUE
Joseph Perella raised more than $1 billion from investors for a new advisory and investment management firm a year after quitting as one of Morgan Stanley's top mergers and acquisitions bankers.
http://www.bloomberg.com/apps/news?pid=10000087&sid=aQUcIBTSDtm8&refer=top_world_news

ATLANTIC CREDIT & FINANCE GROWS ITS COLLECTIONS BUSINESS WITH COLLECTION CENTER TECHNOLOGY FROM NOBLE SYSTEMS
Noble Systems Corporation, a global leader in contact center technology solutions, has been selected as the technology vendor for Atlantic Credit & Finance, Inc., one of the nation's fastest-growing privately-owned collection companies. The agency replaced its existing dialer with the unified NobleT platform for outbound call management.
http://www.debtconnection.com/pressrelease/noble_06142006.asp

COURT CLOSES BOOK ON CREDIT REPAIR RIPOFF
A federal judge has ruled that a bogus credit repair company and its owner violated the law by making false and misleading claims, and billing in advance for its services, and has ordered them to pay more than $322,000. This action was a result of "Project Credit Despair," a crackdown on 20 operations that deceptively claimed they could remove negative information from consumers' credit reports - even if that information was accurate and timely.
http://www.ftc.gov/opa/2006/06/badcreditbgone.htm

DEBT COLLECTION AGENCIES UNDER SCRUTINY AT HEARING
Joan Baron was certain that her husband, a surgeon who suffered a debilitating stroke in February 2004, never ordered a telephone-directory advertisement from Verizon. When she received a bill for such a service, she disputed it.
http://www.nytimes.com/2006/06/13/nyregion/13debt.html?_r=1&oref=slogin

PERSONAL BANKRUPTCY CASES RISE DESPITE REFORMS
A new law to deter consumers from seeking bankruptcy protection made filings plunge to a 20-year low in the first-quarter of 2006, but a rapid rise in new cases since then raises questions about whether the law is working as expected.
http://today.reuters.com/business/newsarticle.aspx

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

"RECOVERY MANAGEMENT: COLLECTING THE UNCOLLECTIBLE ACCOUNT"
Resource Management Services, Inc., consultants in recovery management, announce the publication of their newest book, "RECOVERY MANAGEMENT: Collecting The Uncollectible Account." The basic concept of recovery management is to maximize collection dollars and net results on what are generally deemed uncollectible accounts. From quantifying the appropriate and most effective internal efforts to understanding how and when to use outside vendors, this book is a vital resource for the recovery professional. Topics include: Vendor Partnership Management, Internal Recovery Unit, Strategies, Auditing, Contract Consideration, Performance Assessment Selection and more.
$129.00 + S&H To order, click here:
http://www.resourcemanagement.com/p_recovery_management.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 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:

$33,275,120.00 Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?267
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$26,032,691.00 Retail
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?266
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

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:

COLLINS FINANCIAL SERVICES, INC.
Tony Jackson
512-347-1492
http://www.debtconnection.com/moreinfo.asp?306

WILSON CONSOLIDATION SERVICES
508-947-4522

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:

COLLINS FINANCIAL SERVICES, INC.
Tony Jackson
512-347-1492
http://www.debtconnection.com/moreinfo.asp?306

UNIFUND
Henry N. Thoman
513-489-8877
http://www.debtconnection.com/moreinfo.asp?345

CYPRESS FINANCIAL RECOVERIES, L.L.C.
201-385-7900

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

BILODEAU LAW ASSOCIATES, LLC
Andrew Bilodeau
401-681-1640
http://www.debtconnection.com/moreinfo.asp?1970

BROKERS
To view all listed brokers and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting.asp?25
New additions and updates this week include:

COMMERCIAL FINANCE CENTERS
206-666-8891

CONSULTANTS
To view all listed consultants and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting.asp?13
New additions and updates this week include:

PORTSIDER GROUP
John Rousseau
602-843-7137
http://www.debtconnection.com/moreinfo.asp?390

SOFTWARE
To view all listed companies and contact information on
DEBTCONNECTION.COM check:
http://www.debtconnection.com/blisting_Products.asp?12
New additions and updates this week include:

COLLECTION SOFTWARE SOLUTIONS
727-230-9602

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

CFCA 21st Annual Meeting and Conference and 13th Annual Exhibition
CFCA
Adam's Mark Hotel
St. Louis, Missouri
June 27th - June 29th, 2006
http://www.cfca.org/StLouis_agenda.htm
(602) 265-2322

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 - 2006 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.

Interested parties can also receive a complimentary subscription by registering at http://www.debtconnection.com
Fill out your subscription information by clicking the 'Sign up - "At A Glance"' box on the DebtConnection.com homepage.

At A Glance Archive

At A Glance - Friday, December 29, 2006

At A Glance - Thursday, December 21, 2006

At A Glance - Friday, December 15, 2006

At A Glance - Friday, December 08, 2006

At A Glance - Friday, December 01, 2006

At A Glance - Wednesday, November 22, 2006

At A Glance - Friday, November 17, 2006

At A Glance - Friday, November 10, 2006

At A Glance - Friday, November 03, 2006

At A Glance - Friday, October 27, 2006

At A Glance - Monday, October 23, 2006