DebtConnection.com

RESOURCE MANAGEMENT SERVICES, INC. ANNOUNCES RECOVERY MANAGEMENT STRATEGIES AND TECHNIQUES CLASS
The leader in Agency Management auditing and consulting has announced two sessions of Recovery Management Strategies and Techniques, a two-day classroom course designed to assist Creditor and Debt Buyer Recovery Managers with fundamental and advanced strategies, plans, and tools for managing an outside vendor recovery operation.
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MORE SIGNS OF JOB WEAKNESS IN FEBRUARY, REPORTS SHOW
February was another bad month for jobs as two key employment reports showed more signs of labor weakness Wednesday. In the private sector, nonfarm employment declined by 23,000 jobs for the month, according to the ADP National Employment Report.
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BERNANKE: MORE MORTGAGE, HOME WOES AHEAD
NEW YORK (CNNMoney.com) -- Mortgage delinquencies and foreclosures will continue to rise for a while longer and further declines in house prices are likely, Federal Reserve Chairman Ben Bernanke said Tuesday.
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AUSTIN LOGISTICS' CALLTECH AND ONQ SOLUTION NOW RATED "AVAYA COMPLIANT"
Austin, TX, March 5, 2008 - Austin Logistics, a leading provider of event based analytic solutions, today announced that its CallTech and OnQ solutions are compliant with Proactive Contact System 3.0 solution from Avaya, a leading global provider of business communications applications, systems and services.
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TRANSUNION COLLECTION RECOVERY MODELS STAND THE TEST OF TIME
NEW ORLEANS, March 5 /PRNewswire/ -- TransUnion today announced at the 12th Annual National Collections & Credit Risk Conference that a revalidation of the company's collections recovery models confirms that they continue to perform at exceptional levels despite today's dynamic market conditions. The incidence-based models, which help collections organizations identify which customers are most likely to repay their debts in order to prioritize work effort, also assist organizations in creating cost-effective treatment strategies based on the likelihood of repayment.
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IRS REHIRES PRIVATE TAX COLLECTORS
The Internal Revenue Service has decided to renew the contracts of two companies involved in its controversial private debt collection program.
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VERIFACTS ANNOUNCES KEY PROMOTION
VERIFACTS, Inc. announced today the promotion of a key executive member. Charly Filipek was promoted to Senior Vice President of Strategic Development for VeriFacts.
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EXPERIAN'S COLLECTION TRIGGERSSM DRIVES SUCCESSFUL COLLECTIONS FOR FIRST AMERICAN INVESTMENT COMPANY
Monday, March 03, 2008
Costa Mesa, Calif. - March 3, 2008 - Experian, a global information services company, today announced that First American Investment Company's implementation of Collection TriggersSM has significantly improved profits for the debt-buying organization. First American Investment Company, based in Williamsville, N.Y., is a leading buyer of charged-off consumer debt accounts and debt portfolios.
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FACTA MANDATES APPLY TO CREDIT, COLLECTION AND DEBT BUYING INDUSTRY
FACTA Mandates Apply to Credit, Collection and Debt Buying Industry CMP delivers customized solutions which meet FACTA requirements for Identity Theft Protection Program.
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FED OFFICIALS DEBATE RECESSION RISK
NEW YORK (CNNMoney.com) -- Two members of the Federal Reserve's rate-setting body gave conflicting speeches Tuesday as to whether rising inflation or a recession is the greater risk for the economy,
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STEVEN GALE JOINS FAMS' SENIOR MANAGEMENT TEAM
Financial Asset Management Systems, Inc. (FAMS) is pleased to announce the addition of Steven Gale to its senior management team. Mr. Gale joins FAMS as Senior Vice President of Operations.
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IAT CELEBRATES 22 YEARS OF DIALING TECHNOLOGY SUCCESS
Salt Lake City, UT, March 4, 2008-IAT celebrates 22 years of success in the dialing technology industry on March 6, 2008. They attribute this unusual longevity and success in the industry to a focus on customer service and a drive to provide the very best in collection specific products and services.
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STATEMENT OF FDIC CHAIRMAN BAIR ON ENCOURAGING SERVICERS TO REPORT LOAN MODIFICATION EFFORTS TO HOPE NOW ALLIANCE
Federal Deposit Insurance Corporation Chairman Sheila C. Bair said, "The Financial Institution Letter released today strongly encourages state nonmember institution mortgage servicers to report their loan modification and foreclosure prevention efforts through the HOPE NOW Alliance, and to also support efforts of the State Foreclosure Prevention Working Group. Accurate reporting about loan modification efforts is essential to an improved understanding by the public and policy makers of progress in responding to growing mortgage delinquencies and foreclosures."
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TSYS LAUNCHES THE INDUSTRY'S MOST ADVANCED HEALTHCARE BENEFITS PAYMENTS SYSTEM
Minneapolis, Minn., March 3, 2008 - TSYS Healthcare today announced the successful market launch of the industry's most advanced benefits payments system. Fringe Benefits Management Company (FBMC), the first third-party administrator to use this innovative solution, offers its subscribers the ability to pay from multiple healthcare tax-advantaged accounts, credit accounts and cash accounts through a single card.
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STUDENT LENDER SETTLES FTC CHARGES THAT IT FAILED TO SAFEGUARD SENSITIVE CONSUMER INFORMATION AND MISREPRESENTED ITS SECURITY PRACTICES
A student loan company has agreed to settle Federal Trade Commission charges that it failed to provide reasonable and appropriate security for consumers' sensitive personal information in violation of federal law. The proposed settlement will require the company to implement a comprehensive information-security program and obtain audits by an independent third-party security professional every other year for 10 years.
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CONVERGYS IMPLEMENTS RELATIONSHIP MANAGEMENT SOLUTION FOR ANOTHER LARGE U.S. WIRELESS OPERATOR
(Cincinnati; March 4, 2008) - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that another large U.S. wireless operator with millions of subscribers has gone live with a Convergys Relationship Management Solution that enables centralized policy creation and management as well as automated, real time, and proactive policy enforcement across all channels.
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COMMERCE FOR CHANGE IS UNVEILED TO CREATE JOBS AND STIMULATE THE GLOBAL ECONOMY
Denver, CO (PRWEB) March 4, 2008 -- Commerce For Change (www.commerceforchange.org) is today unveiled to change the world. Commerce For Change is an organization of businesses, governments, and institutions that work together to create jobs for remote teleservices and call center workers in areas that are disadvantaged, remote, emerging from conflict, or recovering from disaster.
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HOPE NOW: WE'VE HELPED 1M HOME OWNERS
NEW YORK (CNNMoney.com) -- Hope Now, the foreclosure prevention coalition put together with the Bush administration's support, claims dramatic success in helping at-risk mortgage borrowers stay in their homes.
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CHASE CARD SERVICES ANNOUNCES CHASEHEALTHADVANCE FINANCING OPTIONS AND THE ACQUISITION OF UNICORN FINANCIAL
WILMINGTON, Del. - March 3, 2008 - Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], announced today that it has finalized the acquisition of Unicorn Financial Services, a leading patient financing company. The combined company officially launches its expanded set of patient financing products today as ChaseHealthAdvance financing options.
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AMERICAN EXPRESS COMPANY COMPLETES SALE OF AMERICAN EXPRESS BANK LTD. TO STANDARD CHARTERED PLC.
NEW YORK - American Express Company (NYSE: AXP) today announced that it has completed the sale of its international banking subsidiary, American Express Bank Ltd. (AEB), to Standard Chartered PLC. Standard Chartered will pay American Express a purchase price of approximately $823 million.
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NEW YORK ATTORNEY GENERAL CUOMO ANNOUNCES AGREEMENT WITH FANNIE MAE, FREDDIE MAC, AND OFHEO
NEW YORK, NY (March 3, 2008) - Attorney General Andrew M. Cuomo today announced that the nation's two largest purchasers of home loans, Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), have entered into cooperation agreements requiring them to only buy loans from banks that meet new standards designed to ensure independent and reliable appraisals.
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FAIR ISAAC AND ADEPTRA PARTNER TO HELP LENDERS FIGHT FRAUD FASTER AND IMPROVE COLLECTIONS SERVICES
March 3, 2008 (Vienna, Austria) - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, and Adeptra Inc., the top global provider of automated contact and resolution services for consumer credit and risk management, today announced at Fair Isaac's 2008 European InterACT customer conference a strategic partnership to integrate Adeptra's auto-resolution technology with Fair Isaac's industry-leading decision management solutions for fraud detection and collections.
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NCO GROUP ACQUIRES OUTSOURCING SOLUTIONS, INC.
HORSHAM, PA, February 29, 2008 - NCO Group, Inc. ("NCO" or the "Company"), a leading provider of business process outsourcing, announced today the completion of its acquisition of Outsourcing Solutions Inc. ("OSI"), also a leading provider of business process outsourcing, primarily accounts receivable management services, for $325.0 million in cash, subject to certain post-closing adjustments.
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HSBC PROFIT CLIMBS DESPITE U.S. TURMOIL
LONDON: HSBC Holdings said Monday that profit in the second-half of 2007 rose 17 percent from a year earlier as emerging-markets lending overcame subprime losses on customers in the U.S.
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CREDIT LOSSES FROM MORTGAGE CRISIS COULD HIT $400B
NEW YORK - Total credit losses from the mortgage meltdown could total nearly $400 billion, with about half that amount being borne by U.S. financial institutions, according to new research released Friday.
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NATIONAL CONSUMER PROTECTION WEEK FOCUSES EFFORTS ON PROMOTING FINANCIAL EDUCATION
The Federal Trade Commission has launched the 10th annual National Consumer Protection Week, March 2 - 8, 2008, in collaboration with federal, state, and local agencies and national consumer advocacy organizations committed to consumer protection and education.
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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

$750,485.00     Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?491
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$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

Agency

EXECUTIVE PROFIT & RECOVERY, INC
866-761-2310

NORTHERN CALIFORNIA ASSET MANAGEMENT & RECOVERY
916-362-7194

BROWN AND JOSEPH, LTD
866-867-8970

FIDELIS ASSET MANAGEMENT
716-771-1294

Attorney

ERIC M. BERMAN, P.C.
631-486-4900

Contact Solutions/Dialers

I GLOBAL SERVICES
40051201

Debt Buyers

SOUTH LAKE FINANCIAL SERVICES
732-363-1226

Debt Sellers

NORTHERN CALIFORNIA ASSET MANAGEMENT & RECOVERY
916-362-7194

Skip Tracing

NORTHSHORE PROCESS SERVICE
847-373-8972

Industry Events

Credit & Collection Business Academy
ACA International
Delray Beach Marriott
Delray Beach, Florida
March 9 - 12, 2008
(952) 928-8000 Ext. 125
More Information

NASP 2008 Subrogation Litigation Skills Conference
National Association of Subrogation Professionals (NASP)
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
March 27 - 28, 2008
(800) 574-9961
More Information

26th Annual Spring Meeting
American Bankruptcy Institute
Renaissance Hotel
Washington, DC
April 3 - 6, 2008
(703) 739-0800
More Information

Auditor Training Course 2008 for Creditors and Debt Buyers
Resource Management Services, Inc.
Southern California
April 8 - 11, 2008
(562) 906-1101
More Information

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At A Glance Archive 2007 20062005

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