DEBTCONNECTION.COM IS PLEASED TO ANNOUNCE A NEW LOOK.
The DebtConnection.Com website has been upgraded with a new user-friendly look and capacity for expanded Detailed Profiles.
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CLEVELAND SUES LENDERS OVER SUBPRIME
CLEVELAND (CNN) -- Likening their actions to those of organized crime syndicates, Cleveland's Mayor is suing 21 major banks and mortgage companies for the roles they played in the sub-prime mortgage crisis that devastated many neighborhoods in the city.
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COUNTRYWIDE RESCUE: $4 BILLION
Countrywide (CFC, Fortune 500) shares tumbled 11 percent in pre-market trading, while Bank of America (BAC, Fortune 500) rose 1.5 percent. Countrywide had gained 51 percent in regular trading the previous session on speculation of the deal.
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CITI, MERRILL, MORGAN STANLEY GET A REALITY CHECK IN 2007
Morgan Stanley is ''World Wise.'' Citigroup Inc. and its Smith Barney subsidiary can show investors ''The way forward.'' E*Trade Financial Corp. is so good that it can ''earn six times the national average for savings'' for investors smart enough to entrust it with their money. Merrill Lynch & Co. is the ''Derivatives House of the Year.''
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CAPITAL ONE SAYS PROFIT IS WAY OFF
Capital One Financial, the nation's largest independent credit card company, said yesterday that its 2007 profit would be significantly less than its earlier forecasts, new evidence that problems shaking the mortgage industry have spread to other kinds of lending.
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U.S. STOCKS DECLINE; AMERICAN EXPRESS, TIFFANY FALL ON OUTLOOKS
U.S. stocks dropped as worse-than- expected profit forecasts at American Express Co. and Tiffany & Co. reinforced recession concerns and sent benchmark indexes toward their third straight weekly decline.
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AMERICAN EXPRESS WARNS ON 2008
American Express Co. expects slower spending and more missed payments on credit card bills to hamper its profit throughout 2008, the company said Thursday.
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FIRST-EVER STUDY OF DATA FROM STATE-REGULATED CREDIT UNIONS CITES MEMBER-FAVORED PRICING
Pewaukee, Wis. - The first-ever comprehensive and statistically valid study of data from the nation?s state-regulated credit unions reveals that the not-for-profit financial institutions deliver direct, significant financial benefits for their member-owners as well as a wide range of services and support that improve the quality of life in their communities.
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DISCOVER(R) U.S. SPENDING MONITOR(SM) SHOWS CONSUMER SPENDING INTENTIONS RETURNING TO PRE-HOLIDAY SHOPPING LEVELS
RIVERWOODS, Ill.--(BUSINESS WIRE)--Jan. 9, 2008--With the passing of the holiday shopping season, consumers are expecting to scale back their spending in January, as ratings of the economy and their personal finances worsened. The decline in spending intentions, which returned to levels reported before the holiday shopping season began, helped drive a 2.6 point drop in the Discover U.S. Spending Monitor for December. Adding to the decline was an expected budget hangover from the holidays, as fewer than half of the nation's consumers had money left over in December, the lowest level since last June. Survey responses from 12,500 randomly sampled consumers (500 each night from Dec. 1-31 except for the Christmas and New Year's holiday periods) put the Monitor at 90.5 compared to 93.1 in November.
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NATIONAL TAXPAYER ADVOCATE DELIVERS REPORT TO CONGRESS
National Taxpayer Advocate Nina E. Olson on Wednesday released her annual report to Congress, focusing particular attention on the consequences of changes to the tax code enacted late in the year, and on the need for a coordinated IRS approach to combat the cash economy portion of the tax gap.
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AUSTIN LOGISTICS' ACTIONSELECT SOFTWARE NAMED TO COLLECTION ADVISOR MAGAZINE'S TOP 100 COLLECTION TECHNOLOGY PRODUCTS OF 2007
Austin, TX, January 9, 2008 - Austin Logistics' ActionSelect was named to Collection Advisor magazine's list of Top 100 Collection Technology Products of 2007.
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CHAIRMAN BEN S. BERNANKE - FINANCIAL MARKETS, THE ECONOMIC OUTLOOK,AND MONETARY POLICY
Since late last summer, the financial markets in the United States and in a number of other industrialized countries have been under considerable strain. The turmoil has affected the prospects for the broader economy, principally through its effects on the availability and terms of credit to households and businesses. Financial market conditions, in turn, have been sensitive to the evolving economic outlook, as investors have tried to assess the implications of incoming economic information for future earnings and asset values. These interactions have produced a volatile situation that has made forecasting the course of the economy even more difficult than usual.
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CREDIT CARD DELINQUENCY RATES CUT CAPITAL ONE EARNINGS ESTIMATE, SHARES TANK
(AXcess News) Houston - The bottom-fishing leader in consumer credit cards, Capital One Financial Corp. (NYSE: COF), lowered its full-year 2007 earnings estimates over worries that consumer credit card delinquency levels would rise more than previously estimated.
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125,000 MICHIGAN CITIZENS RECEIVE MONEY
DEARBORN, Mich., Wednesday, Jan. 9, 2008 - Today, more than 125,000 Michigan residents who are members of DFCU Financial received anywhere from $50 to more than $10,000 in a special dividend distributed by the credit union.
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CABLE & WIRELESS INTERNATIONAL BROADENS ROAMER VISIBILITY AND FRAUD PROTECTION GLOBALLY WITH FAIR ISAAC'S ROAMEX SOLUTION
January 10, 2008 (Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced that Cable & Wireless International (CWI) will use Fair Isaac's industry-standard roaming fraud solution to grant roaming privileges to more customers worldwide while minimizing fraud risk and losses.
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CAPITAL FINANCE AWARDED CONTRACT TO SELL $36 MILLION OF PERFORMING AUTOMOBILE LOANS
Capital Finance is very pleased to announce that, today, it has been awarded a contract to sell $36 million of performing prime and near-prime automobile loans originated by a New Jersey commercial bank.
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ONTARIO SYSTEMS' ARTIVA PRODUCT SURPASSES 10,000 SEATS
Ontario Systems' Artiva collection application recently surpassed the 10,000 seat mark in just under four years since the product launch, making it the fastest growing product in the company's history. Ontario Systems' legacy product, the FACS system, took 10 years to reach 10,000 seats.
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PERSONAL BANKRUPTCIES JUMP 96% IN METRO ORLANDO
Amid the growing mortgage-debt crisis, personal bankruptcies nearly doubled in Metro Orlando last year, although they remained far lower than the record levels earlier this decade, according to court figures released this week.
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CLARK COUNTY CREDIT UNION CONTINUES TO GIVE MILLIONS BACK TO MEMBERS
[LAS VEGAS, Nev.] January 8, 2007 - Once again, Clark County Credit Union (CCCU) members are ringing in the New Year with a little more cash in their pockets. Even with the recent shake up in the capital market and a downturn in real estate prices, CCCU continues to grow and provide its members an added incentive: an annual dividend.
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CONSUMER BORROWING RISES AS CREDIT CARD DEBT JUMPS
WASHINGTON (AP) - Consumer borrowing rebounded in November as credit card debt shot up by the largest amount in six months.
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CREDIT UNIONS JOIN MOBILE BANKING BANDWAGON
PSCU Financial Services said will provide mobile banking services to the credit unions it services, many of them in the Tampa Bay area, and their membership.
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CITIGROUP COMBINING MORTGAGE OPERATIONS INTO ONE UNIT
Citigroup, badly bruised by the sharp downturn in the housing market, is bringing its mortgage-related activities under one roof.
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HOUSING CRISIS MAY GET WORSE
The decline in U.S. house prices may worsen this year and weigh on economic growth, said Federal Reserve Bank of Boston President Eric Rosengren, who last month dissented in favor of bigger interest-rate reductions.
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COUNTRYWIDE: LENDING STABILIZES, FORECLOSURES UP
NEW YORK - Countrywide Financial (CFC), the largest U.S. mortgage lender, said Wednesday that foreclosures and late payments rose in December to the highest on record, though it made more loans than expected in the fourth quarter.
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WEBPLUS, INC. ANNOUNCES PARTNERSHIP WITH CONTROLSCAN
Webplus, Inc., the leader in hosted ebusiness solutions, announced today a partnership with ControlScan to offer PCI compliance solutions to merchants using the award-winning Webplus Shop ecommerce software.
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APEX MERCHANT SOLUTIONS INTRODUCES ECHECKS
Apex Merchant Solutions (www.apexamsne.com), a leading independent sales office for credit-card
processing banks, today announced the availability of eChecks for its merchant
clientele. eChecks lets visitors at e-commerce sites pay for their purchases
through business or personal checking accounts.
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CHASE FOCUSES ON WHAT MATTERS TO CONSUMERS
Chase's new marketing campaign, which debuts Sunday, will shine a laser-like focus on What Matters to customers, alerting them to the ways Chase can help them manage their money and their lives.
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PAULSON HINTS AT MORE MORTGAGE AID
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders.
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ASTA FUNDING ANNOUNCES MANAGEMENT APPOINTMENTS
ENGLEWOOD CLIFFS, N.J., Jan. 8 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a company that acquires, manages, collects and services portfolios of distressed consumer receivables for its own account, today announced the appointment of Cameron (Bill) Williams to the newly created position of Chief Operating Officer and the promotion of Mary Curtin to the position of Senior Vice President.
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DEBT RESOLVE SECURES UP TO $4.5 MILLION IN FINANCING
White Plains, New York (January 7, 2008) - Debt Resolve, Inc. (AMEX: DRV) today announced that it has entered into an agreement dated December 12, 2007, with The Resolution Group Inc. (TRG) of Irvine, CA, to provide up to $4.5 million of funding and establish a joint venture with Debt Resolve to develop a product for the sub-prime home mortgage workout/note modification market.
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| 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 | $1,502,697.00 Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?453
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728
$1,093,364.00 Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?452
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728
| | Agency | UNITED RECOVERY SYSTEMS, LP
Sean Keegan
713-977-1234
More Information
FJR ASSET MANAGEMENT, LLC
866-966-9278
| | Debt Sellers | LOAN MERCADO
305-439-5400
COMPLETE RECOVERY SOLUTIONS
619-303-6194
| | Publications | THE NILSON REPORT
805-983-0448
More Information
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Industry Events
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7th National Symposium on Privacy & Security of Consumer and Employee Information
American Conference Institute
The Union League of Philadelphia
Philadelphia, Pennsylvania
January 23 - 24, 2008
(888) 224-2480
More Information
Consumer Bankruptcy in Practice: A Webinar Series
American Bankruptcy Institute
Nashville, Tennessee
January 28, 2008
(703) 739-0800
More Information
DBA International 11th Annual Conference
DBA International
Mirage Hotel and Casino
Las Vegas, Nevada
February 5 - 7, 2008
(703) 610-0224
More Information
13th Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Denver, Colorado
February 14 - 15, 2008
(703) 739-0800
More Information
16th Annual Bankruptcy Battleground West
American Bankruptcy Institute
Santa Monica, California
February 22, 2008
(703) 739-0800
More Information
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| At A Glance - Friday, May 09, 2008 |
| At A Glance - Wednesday, May 07, 2008 |
| At A Glance - Friday, May 02, 2008 |
| At A Glance - Wednesday, April 30, 2008 |
| At A Glance - Friday, April 25, 2008 |
| At A Glance - Wednesday, April 23, 2008 |
| At A Glance - Friday, April 18, 2008 |
| At A Glance - Wednesday, April 16, 2008 |
| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
| At A Glance - Friday, April 04, 2008 |
| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
| At A Glance - Friday, March 21, 2008 |
| At A Glance - Wednesday, March 19, 2008 |
| At A Glance - Friday, March 14, 2008 |
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| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| At A Glance - Friday, February 22, 2008 |
| At A Glance - Wednesday, February 20, 2008 |
| At A Glance - Friday, February 15, 2008 |
| At A Glance - Wednesday, February 13, 2008 |
| At A Glance - Friday, February 08, 2008 |
| At A Glance - Wednesday, February 06, 2008 |
| At A Glance - Wednesday, January 30, 2008 |
| At A Glance - Friday, January 25, 2008 |
| At A Glance - Tuesday, January 22, 2008 |
| At A Glance - Friday, January 18, 2008 |
| At A Glance - Wednesday, January 16, 2008 |
| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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