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COLLECTION AND RECOVERY SOLUTIONS 2008 ADDS ADDITIONAL PRE-CONFERENCE WORKSHOP ON RISK MITIGATION FOR DEBT SALES AND PURCHASES
Dennis Hammond, President of Global Debt Registry, will present a pre-conference workshop at Collection and Recovery Solutions 2008 titled "Risk Mitigation in Debt Sales and Debt Purchasing".
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FED'S LIFELINE TO BANKS PULLS STOCK MARKET UP
Federal Reserve Chairman Ben Bernanke and his central bank colleagues announced a rescue package Tuesday that would allow squeezed financial institutions -- including big investment houses and banks -- to borrow up to $200 billion in super-safe Treasury securities by using risky home-loan packages as collateral.
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FDIC ADVISORY COMMITTEE ON ECONOMIC INCLUSION TO EXAMINE ASSET-BUILDING OPPORTUNITIES FOR INDIVIDUALS AND BANKS
The FDIC Advisory Committee on Economic Inclusion (ComE-IN) will meet on March 19th to explore saving and asset-building opportunities for individuals and banks. The committee will hear from a panel of experts, who will address:
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FED'S RESCUE PLAN GETS PRAISE FOR ITS IMAGINATION
WASHINGTON — The Federal Reserve's dramatic decision to let securities dealers and banks swap up to $200 billion in mortgage-backed bonds and other products for ultrasafe Treasury securities illustrates its deep concern about deteriorating credit conditions and Chairman Ben Bernanke's willingness to innovate.
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EXPERIAN AND EBUREAU UNVEIL CREDIT SCORING TOOL FOR THE US UNBANKED
Experian, a global information services company, and eBureau, an innovative provider of predictive scoring and information solutions, today announced a partnership and the launch of Emerging Credit Score, a new credit scoring tool to assist lenders in evaluating the creditworthiness of unbanked and underbanked consumers.
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ST. LOUIS FED CHIEF SEES 'A MILD RECESSION'
The latest news suggests the U.S. economy is "tilting a bit below zero," but the downturn does not appear to be severe, Federal Reserve Bank of St. Louis President William Poole said Monday.
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FED PUMPS MORE MONEY INTO FINANCIAL MARKETS
NEW YORK (CNNMoney.com) -- The Federal Reserve on Tuesday announced yet another measure to pump more liquidity into the jittery financial markets.
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GOVERNOR RANDALL S. KROSZNER
It is a pleasure to be addressing the new American Bankers Association, which has arisen from the successful merger of America's Community Bankers and the ABA. Your association truly represents the full range of banks in the United States. The focus of my remarks today--the importance of fundamentals in risk management--should still resonate with all of you, whether you are part of a large global bank or a smaller community bank. Unfortunately, recent market events have shown us that banking institutions still face some risk management challenges, including a need to refocus on some key fundamentals. The good news, however, is that we also have many examples of sound risk management practices during the recent disruptions.
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ASSET ACCEPTANCE CAPITAL CORP. ANNOUNCES AMENDMENT TO CREDIT AGREEMENT
WARREN, Mich., March 10 /PRNewswire-FirstCall/ -- Asset Acceptance Capital Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off consumer debt, announced that it entered into an amendment today to its credit agreement. As previously reported on February 22, 2008, Asset Acceptance obtained a temporary waiver of noncompliance with its total liabilities to tangible net worth covenant until March 17, 2008 to permit it time to obtain the amendment.
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SUBPRIME ALTERNATIVE: FHA REFORM DEAL CLOSE
By early April, both chambers of Congress are likely to tie the bow on a bill that would expand the reach of the Federal Housing Administration (FHA), which aims to provide safe loan alternatives to subprime mortgages and make homeownership more accessible.
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DISCOVER FINANCIAL SERVICES INTRODUCES DISCOVER EDGE
RIVERWOODS, Ill.--(BUSINESS WIRE)--March 10, 2008--Discover Financial Services (NYSE: DFS) today announced the launch of Discover EDGE, an online resource dedicated to helping consumers become more savvy when it comes to managing their time and money. Designed to help Discover Cardmembers stay in control of their finances, Discover EDGE provides consumers with everyday financial advice to help them get ahead - and stay there.
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CHASE ANNOUNCES ADDITIONAL $1.3 MILLION GRANT TO FINANCIAL LITERACY ORGANIZATIONS
WILMINGTON, Del. — Chase Card Services, the credit card division of JPMorgan Chase & Co. (NYSE:JPM), is donating an additional $1.3 million through its Financial Literacy Grant Program to organizations across the country to help more Americans understand and take control of their finances during today's uncertain economy.
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MORTGAGE LENDERS SEE MORE BORROWERS GIVE UP
On the front lines in the mortgage foreclosure crisis, lender and loan servicer Dennis Lauria says his deepest losses are from borrowers who owe more than their homes are worth and simply mail in the keys, rather than try to work out a new payment plan.
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FBI PROBES COUNTRYWIDE FOR POSSIBLE FRAUD
NEW YORK (CNNMoney.com) -- The FBI is looking into fraud allegations against Countrywide Financial Corporation, a U.S. government official told CNN.
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FIRST DATA TO PROVIDE MERCHANT SERVICES TO CATHAY BANK
DENVER, March 10, 2008 - First Data Corp., a global leader in electronic commerce and payment services today announced it has entered into an agreement with Cathay Bank, a California state-chartered bank, to provide merchant services to Cathay Bank.
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HIGH-PROFILE EXECS TELL LAWMAKERS THEIR COMPENSATION WAS A FUNCTION OF HOW THE COMPANY DID AHEAD OF THE MORTGAGE CRISIS.
NEW YORK (CNNMoney.com) -- A trio of high-profile CEOs defended their oversized pay packages to Congress on Friday, even as their companies and shareholders lost billions of dollars as a result of the ongoing mortgage crisis.
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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

Agency

MIRAND RESPONSE SYSTEMS
888-600-6911

WHITEWOOD RECOVERIES
951-600-7001

Consultants

BARTLEY VENTURES, LLC
813-273-0219

Contact Solutions/Dialers

SINGLE SOURCE TELECOM
303-495-2145

Debt Buyers

BUSINESS PROCESSES REDEFINED, LLC
Lauren A. Irwin-Szostak
800-470-6622
More Information

J AND K INVESTMENTS
619-517-3611

Debt Sellers

CREDIT CARD RESELLER, LLC
Bobbie Jo Diebold
952-679-4387
More Information

KESSLER AND FREEDMAN
866-582-5465

Scoring/Scrubbing

ACXIOM
888-259-6173

Skip Tracing

ACXIOM
888-259-6173

Industry Events

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

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At A Glance Archive 2007 20062005

At A Glance - Wednesday, May 07, 2008

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At A Glance - Friday, April 18, 2008

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At A Glance - Wednesday, April 09, 2008

At A Glance - Friday, April 04, 2008