COLLECTORS IN PRIMETIME
"Collectors" and "primetime" in the same sentence might normally concern our industry. This time, however, "collectors" and "primetime" relate to philanthropy. Four of our own are set to make their television debut on the hit TV series, "According to Jim" on Tuesday, February 19, 2008 at 9/8 pm central on ABC. These future sitcom stars won walk on parts donated by Jim Belushi at the Debt Connection Symposium and Expo 2007 Charity Black Tie Event.
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DEBT REDUCTION COMPANIES SETTLE WITH FTC
Two debt reduction companies and their principals have agreed to settle Federal Trade Commission charges alleging that they violated federal law by falsely claiming that they could reduce consumers' credit card interest rates or the amount of their credit card debt. Terms of the settlements, in which the defendants have not admitted liability, are defined in stipulated orders entered by the United States District Court for the District of Colorado on January 31, 2008. According to a complaint filed by the FTC in March 2007, the defendants sold debt reduction services through Web sites and television and radio advertisements with claims such as "Reduce Debt Now" and "Eliminate Harassing Calls." When consumers called a toll-free number, the complaint alleged, they were encouraged to enroll in a "debt consolidation program" if their unsecured consumer debt was up to one month overdue, or a "debt settlement program" if overdue longer.
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DEBTX TO SELL $46 MILLION IN LOANS FOR FDIC
DebtX is pleased to announce the sale of $46 million in Consumer and Commercial Real Estate loans bidding March 18, 2008.
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TSYS AND TELROCK TO PROVIDE MOBILE SOLUTIONS IN NORTH AMERICA
COLUMBUS, Ga. - TSYS and UK-based Telrock plc, announced today they are jointly developing a suite of integrated mobile solutions for TSYS' North American clients. Telrock has been providing mobile solutions for TSYS' European card processing clients for more than one year. The decision to extend the relationship to North America is based on the success of the European relationship and an increased interest in mobile account servicing and payment solutions in the North American card market.
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LOSSES STALK ROYAL BANK OF SCOTLAND
NEW YORK (Fortune) -- Could Royal Bank of Scotland be the new AIG? AIG, of course, which was once sanguine about its exposure to securities backed by subprime mortgages, just confessed to a far bigger problem than it had previously admitted, and acknowledged that its internal valuation models were being questioned by its auditors. Royal Bank of Scotland, or RBS, has also been upbeat.
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| LOAN CRISIS GOES TO COLLEGE
NEW YORK (CNNMoney.com) -- The credit crunch is hitting the college classroom.
When parents and students try to line up college funding this spring, they will likely be in for a nasty shock. They may still get a loan, but it will come at a price. Borrowers will have a more limited choice of lenders and find discounts for on-time payments or direct debit scarce. On top of that, they'll see higher rates and fees.
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COUNTRYWIDE SAYS DELINQUENCIES, FORECLOSURES UP
Struggling lender Countrywide Financial Corp. reported Friday that both foreclosures and delinquencies rose in January.
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WELLS FARGO TO GIVE $1.5 MILLION TO NATIONAL HOMEOWNER COUNSELING ORGANIZATIONS
WASHINGTON, DC--(Marketwire - February 15, 2008) - NeighborWorks America, the National Foundation for Credit Counseling and the Housing Partnership Network will each receive $500,000 Wells Fargo grants totaling $1.5 million.
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TOUCHSTAR GREATLY EXPANDS ITS GLOBAL RESELLER & PARTNER PROGRAMS
Based on Global Channel Demand, TouchStar Adds Significant Resources to Its Five Year Old Partner Program.
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COMPLIANCE MANAGEMENT PARTNERS ANNOUNCES PCI DSS SECURITY PROGRAM
The Payment Card Industry's Data Security Standard (PCI DSS) defines the steps which industry members must take to protect cardholder and related personal identity information.
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REPO LOTS OVERFLOW WITH RECLAIMED CARS
Car and truck repossessions this year are headed for the highest level in at least a decade, thanks to easy credit and a faltering economy, says an economist for one of the largest wholesale auto auction services.
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SOUNDBITE AND MINDSHARE HOST COMPLIMENTARY WEBINAR
Bedford, Mass. - February 13, 2008 - SoundBite Communications, Inc. (NASDAQ: SDBT), a leading provider of on-demand automated voice messaging solutions, and Mindshare Technologies, the leading provider of real-time customer feedback solutions, will host a joint webinar on how to improve the customer experience through automation and real-time feedback on Tuesday, February 26 at 4:00 p.m. ET.
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COMPUCREDIT REPORTS FOURTH QUARTER 2007 RESULTS
ATLANTA, GA, Feb 13, 2008 (MARKET WIRE via COMTEX News Network) -- CompuCredit (NASDAQ: CCRT) reported fourth quarter 2007 GAAP earnings of $15.8 million, or $0.33 per fully diluted common share, versus fourth quarter 2006 GAAP earnings $9.7 million, or $0.19 per fully diluted common share. Fourth quarter 2007 GAAP earnings from continuing operations were $25.8 million, or $0.54 per fully diluted common share, as compared to $16.7 million, or $0.33 per fully diluted common share, for the fourth quarter of 2006.
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CONVERGYS SIGNS AGREEMENT WITH MAJOR COMMUNICATIONS COMPANY TO PROVIDE RELATIONSHIP MANAGEMENT SUPPORT
(Cincinnati; February 14, 2008) - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today it has signed a three-year master agreement with a potential value up to $50 million, expanding its relationship with a US-based communications provider, a Fortune 500 company.
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UBS SEES TOUGH `08, CONFIRMS $13.7 BLN WRITE-DOWN
LONDON (MarketWatch) -- Swiss banking giant UBS on Thursday said it still has significant exposure to the troubled U.S. mortgage market, raising fears of further write-downs, as it confirmed a $13.7 billion charge had sent its bottom line plunging into the red.
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FREDDIE ALTERS INSURER ELIGIBILITY REQUIREMENTS
MCLEAN, Va. (AP) -- Mortgage financier Freddie Mac said Thursday it is temporarily changing its eligibility requirements for private mortgage insurers to allow them to increase their ability to pay claims and retain capital.
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PAULSON, BERNANKE: NO RECESSION IN '08
NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson both acknowledged problems in the U.S. economy on Thursday, but both said they believe the nation will avoid falling into recession.
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MORGAN STANLEY CUTTING MORTGAGE JOBS
Morgan Stanley (MS) is cutting 1,000 jobs as it scales back its residential mortgage business. The move comes as no surprise, given the sharp pullback in the housing market over the past year. Morgan Stanley rivals such as Bear Stearns (BSC) made deep cuts in their own mortgage businesses last year as the mortgage market ground to a halt.
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CAR LOANS STRETCH TO 7 YEARS OR LONGER
Automakers and buyers are diving into extra-long auto loans, and they could drown from that plunge.
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WELLS FARGO EXTENDS LICENCE FOR FIDELITY MORTGAGE SERVICING PACKAGE
Fidelity National Information Services, Inc. (FIS) today announced that Wells Fargo Home Mortgage has signed a multiyear contract extension for FIS' Mortgage Servicing Package (MSP).
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GM LOSES $38.7B IN 2007, OFFERS MORE BUYOUTS
DETROIT - Even as sales go gangbusters overseas, General Motors (GM) posted a fourth-quarter loss as North American operations continued overshadowing the rest of the company.
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TRANSUNION AND EDGAR, DUNN & COMPANY LAUNCH THE REVOLVER MODEL TO HELP FINANCIAL INSTITUTIONS MORE EFFECTIVELY MARKET THEIR CREDIT CARD PRODUCTS
CHICAGO, Feb. 12 /PRNewswire/ -- TransUnion and Edgar, Dunn & Company today launched the Revolver Model, the second scoring model to identify predictive credit behavior characteristics using survey-based data from the PaymentDynamics(SM) 2007 Preferred Payments Study. The Revolver Model helps financial institutions determine how consumers prefer to manage their credit card balances and enables banks to develop custom marketing offers accordingly.
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DETROIT FORECLOSURES HIGHEST IN THE NATION
Rust Belt and Sun Belt cities led the nation in metro-area foreclosure rates for 2007, according to a new report released Wednesday.
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ASTRA ACHIEVES ISO 27001 CERTIFICATION USING ARTIVA AGENCY
February 13, 2008 - Astra Business Services announced that it has received ISO 27001 certification using protocols built around Ontario Systems' Artiva Agency product.
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BANK OF AMERICA SUPPORTS PROJECT LIFELINE
WASHINGTON, Feb. 12 /PRNewswire/ -- Appearing today with U.S. Treasury Secretary Hank Paulson and U.S. Housing and Urban Development Secretary Alphonso Jackson, Bank of America Consumer Real Estate and Insurance Services Group President Floyd Robinson spoke in support of a new initiative that will broaden and improve outreach efforts to distressed borrowers.
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WWR GROWS COMMERCIAL/AGENCY PRACTICE GROUP
Weltman, Weinberg & Reis Co., L.P.A. (WWR), the nation's largest* creditors' rights law firm, is pleased to announce the formal expansion of its Commercial/Agency Practice Group (CAPG).
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CONSUMER ALERT: SCAMMERS TAKING ADVANTAGE OF NEW FEDERAL ECONOMIC STIMULUS PACKAGE
Texans should be aware of a scam that has emerged in connection with the proposed federal economic stimulus package. Under recently passed legislation, the IRS will mail tax rebate checks to eligible Texans over the next few months. President Bush has indicated he will sign the package into law on Wednesday.
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INDYMAC BANCORP POSTS LOSS, SURRENDERS DIVIDEND
BOSTON (MarketWatch) -- IndyMac Bancorp on Tuesday reported its first annual loss in its 23-year history, leading the company to suspend its dividend on common shares as it attempts to ride out the mortgage crunch.
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ADS FOR BANKS ROLL OUT DURING THESE TRYING TIMES
NEW YORK - Washington Mutual (WM) is the latest financial giant to launch a massive marketing effort. Ads that roll out this week highlight consumer and small-business offerings, as well as stress-reducing customer service. One TV spot shows a man so thrilled with WaMu's free checking that he fantasizes about cruising an oceanfront highway in a convertible.
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HUMAN ARC ELIMINATES NEED FOR TRADITIONAL HARDWARE CAP-EX INVESTMENT IN THE CALL CENTER WITH LIVEVOX VOICE PORTAL SOLUTION
SAN FRANCISCO-February 11, 2008-LiveVox, an on-demand voice portal company delivering robust outbound, inbound and automated call distribution voice applications for the billing and collections industry, today announced that its Voice Portal solution was selected as Human Arc's hosted-dialer solution in place of purchasing a costly premise-based dialer.
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WELTMAN, WEINBERG & REIS CO., L.P.A. GROWS COMMERCIAL/AGENCY PRACTICE GROUP
Cleveland - February 12, 2008- Weltman, Weinberg & Reis Co., L.P.A. (WWR), the nation's largest* creditors' rights law firm, is pleased to announce the formal expansion of its Commercial/Agency Practice Group (CAPG). The CAPG is a dedicated team of attorneys and support professionals providing comprehensive default and legal services to collection agencies and companies with commercial accounts. Services include, but are not limited to: arbitration, bankruptcy, collateral recovery, contract review, litigation & defense, pre and post-judgment collections, probate recovery and registering foreign judgments.
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MAJOR LENDERS PUT FREEZE ON FORECLOSURES
NEW YORK (CNNMoney.com) -- Six of the nation's largest mortgage lenders have temporarily stopped foreclosure proceedings, it was announced Tuesday, in a joint effort to cool the raging foreclosure crisis.
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FEDS, LENDERS OFFER BROADER PLAN TO HELP WITH FORECLOSURES
WASHINGTON (CNN) -- The Bush administration Tuesday announced an expanded plan for lenders to help homeowners by temporarily suspending foreclosures for people facing the imminent loss of a home.
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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 | $1,848,594.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?484
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$2,608,684.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?482
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$478,251.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?476
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$314,578.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?475
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$5,109,589.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?474
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$838,322.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?473
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$429,230.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?472
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$7,237,301.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?471
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,594,968.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?470
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$519,392.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?469
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$2,662,992.00 Medical
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?468
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$10,000,653.00 Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?467
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$3,127,674.00 Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?466
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$1,166,890.00 Auto Deficiencies, Consumer Loans, Credit Cards, Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?465
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$2,144,000.00 Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?464
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
| | Agency | ACCOUNT RECEIVABLE MANAGEMENT OF FLORIDA
Darlene Graham
904-726-8505
More Information
| | Bankruptcy | NATIONAL CAPITAL MANAGEMENT
Byron Fisher
888-707-4099
More Information
| | Consultants | THE DEBT MARKETPLACE, INC.
Dennis Hammond
562-903-7220
More Information
| | Debt Buyers | NATIONAL CAPITAL MANAGEMENT
Byron Fisher
888-707-4099
More Information
FAIRWAY FINANCIAL SOLUTIONS LLC
Ken Hannold
972-869-7659
More Information
RIVERWALK HOLDINGS, LTD
817-251-7000
| | Skip Tracing | DATALURE
402-614-1311
| | Training | THE DEBT MARKETPLACE, INC.
Dennis Hammond
562-903-7220
More Information
|
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Industry Events
|
16th Annual Bankruptcy Battleground West
American Bankruptcy Institute
Santa Monica, California
February 22, 2008
(703) 739-0800
More Information
InterACT Europe Snapshot
InterACT: A Fair Isaac Forum
Hilton Vienna
Vienna, Austria
March 3 - 6, 2008
(800) 496-7001
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 |
| At A Glance - Wednesday, March 12, 2008 |
| 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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