DebtConnection.com

KEY INFLATION MEASURE JUMPS SLIGHTLY MORE THAN FORECAST
Consumer prices rose in January, fanning concerns that high inflation may keep the Federal Reserve from maintaining its aggressive interest rate-cutting campaign.
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CITI AWARDED 10-YEAR CONTRACT BY U.S. DEPARTMENT OF DEFENSE
NEW YORK - Citi today announced that it has been selected to administer the U.S. Department of Defense Travel Card program. The program, the largest under the General Services Administration's umbrella SmartPay(R) 2 master contract, currently has 1.2 million cardholders accounting for 61% of government-wide travel spending in 2007.
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ENCORE CAPITAL GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2007 RESULTS
SAN DIEGO, Feb. 19 /PRNewswire-FirstCall/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading distressed consumer debt management company, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2007.
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MORTGAGE APPLICATIONS DOWN 22.6% LAST WEEK: MBA
CHICAGO (MarketWatch) -- Mortgage applications filed last week dropped a seasonally adjusted 22.6% from the previous week, as interest rates on fixed-rate mortgages increased, the Mortgage Bankers Association reported Wednesday.
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GMAC FINANCIAL TO RESTRUCTURE N. AMERICAN BUSINESS
SAN FRANCISCO (MarketWatch) - GMAC Financial Services is restructuring its North American auto finance business to reduce costs and streamline operations, the company said Wednesday. The restructuring will include merging a number of separate business offices and laying off about 930 employees, representing about 15% of the workforce, mostly by the end of 2008.
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SUBPRIME LOANS DEFAULTING EVEN BEFORE RESETS
NEW YORK (CNNMoney.com) -- For months, we've fretted about the Armageddon that will hit when subprime adjustable rate mortgages start resetting to much higher interest rates.
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CONVERGYS NAMED TO GLOBAL OUTSOURCING 100
Cincinnati; February 20, 2008) - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today the International Association of Outsourcing Professionals' (IAOP) has selected Convergys as one of the world's best outsourcing service providers.
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COLUMBUS REGIONAL HOSPITAL SELECTS TRANSUNION'S HEALTHCARE REVENUE CYCLE PLATFORM TO IMPROVE ITS EMERGENCY DEPARTMENT'S REGISTRATION PROCESS AND REDUCE BAD DEBT
CHICAGO, Feb. 19 /PRNewswire/ -- Columbus Regional Hospital, located in Columbus, Ind., has selected TransUnion's Healthcare Revenue Cycle Platform (HRCP) to help reduce bad debt typically resulting from medical bills sent to wrong addresses.
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EQUIFAX TO PRESENT AT CREDIT SUISSE 10TH GLOBAL SERVICES CONFERENCE
ATLANTA, February 18, 2008 - Equifax Inc. (NYSE: EFX) today announced that its Chief Financial Officer, Lee Adrean, will present at the Credit Suisse 10th Global Services Conference at the Arizona Biltmore Resort & Spa in Phoenix, Arizona. On Monday, February 25 at 10:30 a.m. ET, Adrean will discuss Equifax's financial profile and strategy for leveraging its unique data assets, technology leadership and global market position.
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REGULATORS' SUBPRIME MORTGAGE CASES
State regulators and cities that have filed cases or disclosed investigations targeting Wall Street firms' roles in the subprime mortgage market:
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FRIENDLY TENDER OFFER BY WEST CORPORATION FOR GENESYS CONFERENCING
OMAHA, NE, VIENNA, VA and MONTPELLIER, FRANCE, February 19, 2008 -- West Corporation ("West"), a leading provider of outsourced communication solutions, and Genesys (Euronext Eurolist: FR0004270270) ("Genesys"), a leading global multimedia collaboration service provider, today announced that West will seek to acquire Genesys and combine it with InterCall, Inc., a West subsidiary.
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CREDIT SUISSE WRITES DOWN $2.85B
ZURICH, Switzerland (AP) -- Credit Suisse says it has suspended some of its traders in connection with the overvaluation of assets by $2.85 billion.
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PENTAGON FEDERAL CREDIT UNION CHOOSES FISERV FOR END-TO-END PAPERLESS LENDING
BROOKFIELD, Wis. - Fiserv, Inc. (NASDAQ: FISV), a leading provider of information management and ecommerce systems and services, today announced that Pentagon Federal Credit Union, with 764,000 members and assets in excess of $11.2 billion making it one of the largest credit unions in the United States, has chosen the Nautilus Enterprise Content Management (ECM) system to image-enable its mortgage processing functions.
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SECRETARY PAULSON STATEMENT
Washington- Treasury Secretary Henry M. Paulson, Jr. released the following statement today regarding the HOPE NOW Alliance's adoption of Project Lifeline as one method of reaching the most vulnerable homeowners.
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CITI TO SELL OR CLOSE SOME OVERSEAS UNITS, REPORT SAYS
SAN FRANCISCO (MarketWatch) -- Citigroup Inc. is selling or closing some retail branches and consumer-finance operations in Asia, Europe and Latin America as the bank tries to focus on businesses with higher profit potential, The Wall Street Journal reported on Tuesday.
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BARCLAYS BANKS LOWER PROFITS DUE TO CREDIT CRUNCH
LONDON, Feb 19, 2008 (AFP) - Barclays, Britain's third-biggest bank, said on Tuesday that net profits sank in 2007 owing to fallout from the US subprime housing crisis and the related global credit squeeze.
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THE FDIC AT 75: HOW IT PROTECTS CONSUMERS AND HOW CONSUMERS CAN PROTECT THEMSELVES
In the 75 years since the FDIC was created, no depositor has ever lost a single penny of FDIC-insured funds. But while the FDIC may be "famous since 1933," consumers may not fully understand how the agency serves them and how to benefit by more fully using the FDIC's products and services. The latest FDIC Consumer News features tips and information to remind consumers that the FDIC continues to protect their money, just as it has for generations of bank customers. Other articles in the Winter 2007/2008 issue offer suggestions for fine-tuning personal finances and an update on help for mortgage borrowers having repayment problems.
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COLLEGE LOANS HIT BY FALLOUT FROM CRISIS IN MORTGAGES
If you are about to borrow a lot of money for college you are not going to like what the mortgage mess is doing to you.
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AUTO LENDER ISSUES SETTLEMENT CHECKS TO MISSOURIANS
More than 11 years after it was sued for automobile installment contract overcharges, Credit Acceptance Corp. is sending checks to 15,000 Missourians as part of a $50 million-plus settlement.
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ROCK SHAREHOLDERS MAY END UP WITH NOTHING
LONDON (MarketWatch) -- Shareholders in Northern Rock may see their investments completely wiped out under the U.K. government's plan to nationalize the stricken mortgage lender, which has sparked threats of legal action and claims that the crisis has been mishandled.
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AVOIDING CREDIT REPAIR SCAMS
Banks are tightening their purse strings, making it harder to qualify for loans. And now the Better Business Bureau is warning that some companies are using the credit crunch to take advantage of consumers who want to clean up their credit. Here are some top tips on avoiding these scams.
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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

$4,983,071.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?486
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

$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

$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

$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

$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

$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

$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

Debt Buyers

ASSET RECOVERY GROUP
716-775-4011

Debt Sellers

BID4ASSETS
301-562-3407

Industry Events

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 Archive 2007 20062005

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