YOU HAVE SEEN HIM ON HANNITY & COLMES, MEET THE PRESS AND THE TODAY SHOW NOW YOU CAN JOIN HIM AT A BREAKFAST SESSION AT COLLECTION AND RECOVERY SOLUTIONS 2008
Frank Luntz, author of the bestselling book, "Words That Work - It's Not What You Say, It's What People Hear" and the man named one of the top four "Research Minds" by Business Week, which also stated, "Luntz' forte is constructing the phrase that persuades-always a skill in demand in Corporate America." He will discuss language usage and how you might better communicate with debtors to further collection efforts at a breakfast session Friday morning, May 9, 2007 at Collection and Recovery Solutions 2008.
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AMERICAN EXPRESS TO BUY GE UNIT FOR $1.1B
NEW YORK (Reuters) - American Express (AXP) said Thursday that it agreed to acquire Corporate Payment Services, a commercial credit card and corporate purchasing business, from General Electric's (GE) GE Money unit for $1.1 billion in cash.
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WASHINGTON MUTUAL LOSSES A CONCERN
Washington Mutual Inc., the largest U.S. savings and loan, may lose $4.2 billion this year because of mounting losses on home loans, CreditSights Inc. said in a report Thursday.
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WACHOVIA ELEVATES DAVID POPE TO MORTGAGE AND RETAIL CREDIT HEAD
Charlotte-based Wachovia ($782.9 billion in assets) has turned to longtime executive David Pope to take the reins of its mortgage and retail credit business as president of the division. In his 20 years with the bank, Pope has served in a variety of senior-level roles, most recently as COO of the mortgage and retail credit business.
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NEW YORK-BASED COLLECTION AGENCY MAY BRING JOBS TO ST. LUCIE
FORT PIERCE - A New York-based debt services company may pick up a sizable collection from St. Lucie County next week in exchange for a promise to bring the Treasure Coast at least 225 new jobs.
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FREMONT GENERAL CORPORATION ANNOUNCES RECEIPT BY ITS BANK SUBSIDIARY OF
BREA, CALIFORNIA) - March 28, 2008: Fremont General Corporation ("Fremont General" or the "Company") (NYSE: FMT), doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan ("Bank"), announced today that on March 26, 2008, the Federal Deposit Insurance Corporation ("FDIC"), with the concurrence of the California Department of Financial Institutions ("DFI"), issued a Supervisory Prompt Corrective Action Directive ("Directive") to the Bank, to Fremont General and to Fremont General Credit Corporation ("FGCC"), the Company's wholly-owned subsidiary and direct parent to the Bank.
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PERSONAL INCOME TOPS FORECASTS, SPENDING WEAK
Personal income rose and a key measure of inflation held steady in February, but consumer spending remained weak, according to a government report released Friday.
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CONSUMERS HAUNTED BY ZOMBIE DEBT
MIDDLETOWN - Like the dead rising from the grave, so does so-called zombie debt. A consumer may think it's dead, but it keeps coming back to haunt.
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CHAIRMAN ISSUES COMMISSION'S ANNUAL REPORT AT ABA SPRING MEETING
Federal Trade Commission Chairman Deborah Platt Majoras today issued the FTC's 2008 Annual Report at the American Bar Association's Section of Antitrust Law Spring Meeting in Washington, DC. "The FTC in 2008: A Force for Consumers and Competition," available on the Commission's Web site, describes the agency's competition and consumer protection missions and accomplishments.
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CAMPUS CARD BANK PARTNERSHIPS INCREASE MODESTLY IN 2007
The number of partnerships between campus card programs and financial institutions continued to grow in 2007, though not as rapidly as in recent years.
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WELCOME TO SUBPRIME'S GHOST TOWN
A year ago Irvine, Calif., was still riding high on the subprime boom; then almost overnight the industry and more than 4,000 good paying jobs vanished.
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PAULSON: U.S. NEEDS 'BIG EFFORT' ON FORECLOSURE RELIEF
Secretary of the Treasury Henry Paulson said Friday the government needs to make a "big effort" to help Americans who can avoid foreclosure.
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THE FEDERAL RESERVE BOARD ON THURSDAY ANNOUNCED THAT PUBLIC MEETINGS WILL BE HELD NEXT MONTH IN LOS ANGELES, CALIFORNIA, AND CHICAGO, ILLINOIS, ON THE NOTICE BY BANK OF AMERICA CORPORATION TO ACQUIRE COUNTRYWIDE FINANCIAL CORPORATION.
The purpose of these meetings is to collect information relating to factors the Board is required to consider under the Bank Holding Company Act.
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ALLIANCE DATA SIGNS LONG-TERM AGREEMENT WITH LEADING SPECIALTY RETAILER
DALLAS - Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced it has signed a long-term agreement with leading specialty retailer Hot Topic, Inc. (Nasdaq: HOTT) to provide private label credit card services for its Torrid branded stores.
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REPORT STATES KPMG ALLOWED FRAUD AT NEW CENTURY
(RTTNews) - A report released Thursday suggested that auditor KPMG LLP either initiated accounting fraud at New Century Financial (NEWCQ.PK) or stood by as the mortgage lender committed fraud in 2005 and 2006. The independent report penned by court examiner Michael Missal had been requested by the U.S. Department of Justice.
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JP MORGAN CHASE ELIMINATES 300 JOBS IN ROCHESTER, NY
ROCHESTER, N.Y. (AP)--JP Morgan Chase (JPM) will cut 300 jobs in upstate New York due to the downturn in the home equity market.
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STATEMENT OF FEDERAL TRADE COMMISSION CHAIRMAN DEBORAH PLATT MAJORAS
As previously announced, I will resign as Chairman of the Federal Trade Commission, effective March 30.
The President has announced his intention of designating FTC Commissioner William E. Kovacic as the next Chairman of the Federal Trade Commission. Bill will be a terrific Chairman. Having served in several capacities at the agency - most recently Commissioner and, previously, General Counsel - he brings deep institutional knowledge, long-standing dedication to the mission, and great respect for staff.
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PROTECTING HOMEOWNERS AND SUSTAINING HOMEOWNERSHIP
The mortgage market has long been a source of strength in the U.S. economy, but it is facing significant challenges, especially in the subprime segment that serves consumers who have shorter or weaker credit records.
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AGENCY ANNOUNCES SETTLEMENT OF SEPARATE ACTIONS AGAINST RETAILER TJX, AND DATA BROKERS REED ELSEVIER AND SEISINT FOR FAILING TO PROVIDE ADEQUATE SECURITY FOR CONSUMERS' DATA
In two unrelated Federal Trade Commission actions, discount retailer TJX and data brokers Reed Elsevier and Seisint have agreed to settle charges that each engaged in practices that, taken together, failed to provide reasonable and appropriate security for sensitive consumer information.
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CONSUMER CONFIDENCE TAKES DIVE TO 5-YEAR LOW
Consumers' expectations about the economy plunged in March to levels not seen since 1973, when Watergate and the Arab oil embargo shook the nation's outlook for the future.
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NEW-HOME SALES DIP; MORTGAGE DEMAND UP AS RATES DIVE
New-home sales continued their precipitous slide in February, marking a 13-year low as unsold homes languished on the market because of a scarcity of buyers.
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NEW JOBLESS CLAIMS FALL MORE THAN EXPECTED
New filings for unemployment claims fell last week, according to a report released Thursday by the Labor Department.
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RESOURCE MANAGEMENT SERVICES, INC. TO HOLD ANNUAL AGENCY AUDITOR TRAINING COURSE APRIL 8-11, 2008 IN SOUTHERN CALIFORNIA
Resource Management Services, Inc., a recognized leader in Collection and Recovery Management consulting and training, will hold their annual Agency Auditor Training class April 8 - 11, 2008 in Los Angeles, CA. This four day comprehensive course provides the attendee with an understanding of what a collection vendor auditor should be looking for and how best to structure and incorporate a performance and financial audit practice into the large Vendor Management process.
The course covers evaluation of a vendor's collection performance, best practices in compliance, and financial control reviews. The participant will be instructed in the audit approach, preparation and sampling, identifying and evaluating risk, developing work standards, and managing with the audit.
This course is intended for Originating Creditors and Debt Buyers with responsibility for agency management, auditing, or compliance. Not intended for agency or attorney firms.
For more information, please contact Resource Management Services, Inc. (562) 906-1101
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COMMISSION ISSUES ADVISORY OPINION ON FDCPA AND DEBT COLLECTORS; FTC EXTENDS COMMENT PERIOD FOR MOBILE TOWN HALL
Issuance of Commission advisory opinion: The Commission has issued an advisory opinion stating that the Fair Debt Collection Practices Act does not prohibit a debt collector in the foreclosure context from communicating with consumers regarding possible settlement options that may assist consumers to avoid foreclosure.
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MARCH CONSUMER CONFIDENCE DOWN, OUTLOOK GRIM
WASHINGTON (MarketWatch) -- U.S. consumer confidence fell in March, while expectations hit a 35-year low on pessimistic views of the business climate, job market and personal income, the Conference Board reported Tuesday.
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DEBT COLLECTION COMPLAINTS STILL TOP FTC LIST IN '07
Complaints about illegal and questionable debt collection practices rose slightly in 2007 over the previous year, according to the latest report released by the U.S. Federal Trade Commission (FTC).
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PAULSON RESISTS CONGRESSIONAL EFFORT TO STEM MORTGAGE CRISIS
WASHINGTON (MarketWatch) -- Treasury Secretary Henry Paulson on Wednesday continued to resist Congressional efforts to stem the negative consequences to homeowners of the housing market collapse. Opposition from the White House could make it difficult for Congress to pass any legislation to help homeowners battling the mortgage crisis.
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BANKS STUCK WITH CREDIT CARD REPLACEMENT COSTS
The multi-million dollar tab for replacing credit and debit cards that were compromised by the Hannaford Brothers security breach will likely be borne by banks and credit unions that issued the cards.
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PAULSON CALLS FOR BROAD LOOK AT FINANCIAL REGULATIONS
WASHINGTON - The troubles that brought down Wall Street's once mighty Bear Stearns underscore the government's need to develop a clearer and more encompassing set of rules to oversee the country's major financial players, Treasury Secretary Henry Paulson said Wednesday.
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VERIFACTS AND AUTOMATED COLLECTION CONTROL ARE WORKING TOGETHER!
Automated Collection Control, Inc., the provider of YouveGotClaims®, has teamed
up with VeriFacts Inc., the innovative skip tracer for creditors, collection agencies and attorneys, and debt purchasers.
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U.S. HOME-LOAN BANK ADDS LIQUIDITY
WASHINGTON - The Federal Home Loan Bank system won permission yesterday to double the amount of capital that it can spend to purchase mortgage bonds in an effort to boost home lending and revive the nation's housing market.
read more
BEAM4D ENTERPRISES AND STRATAGEM PORTFOLIO SERVICES ANNOUNCE STRATEGIC ALLIANCE
San Rafael, CA (March 24, 2008): Stratagem Portfolio Services and Beam4D Enterprises (B4E) announced they have signed an agreement to create a first-of-kind inline score capability within B4E's flagship ARM/Collection Software platform, called BEAM™.
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FDIC PLANS STAFF BOOST FOR BANK FAILURES
WASHINGTON --Federal bank regulators plan to increase staffing 60 percent in its bank failure division in coming months to handle an anticipated surge in troubled financial institutions.
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DEBTX TO SELL $380 MILLION IN COMMERCIAL REAL ESTATE LOANS
DebtX, the nation's largest loan sale advisor for commercial debt, today announced the sale of more than $380 million in Commercial Real Estate loans secured by properties in the southeastern United States.
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EXPERIAN DELIVERS KNOWLEDGE-BASED AUTHENTICATION THROUGH INTERACTIVE VOICE RESPONSE
Costa Mesa, Calif., March 25, 2008 - Experian®, a global information services company, today announced that it can deliver Knowledge IQSM services through interactive voice response systems.
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FEDERAL RESERVE STUDY REVEALS BIGGEST SHARE OF CHECKS ARE CONSUMER TO BUSINESS
Minneapolis, Minn., March 25, 2008--The Federal Reserve's 2007 study of the composition of the check market released today shows that nearly 50 percent of checks written are consumer-to-business checks.
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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 | $6,307,097.00 Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?505
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$10,502,381.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?504
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?503
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,423,593.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?502
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$5,777,052.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?501
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$17,114,377.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?500
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$15,333,934.00 Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?499
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?498
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$8,857,035.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?497
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$247,259.00 Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?495
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$992,717.00 Medical
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?494
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$10,412,982.00 Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?492
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250
$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
$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 | PROFESSIONAL RECOVERY CONSULTANTS, INC.
Geoff Miller
800-408-8156
More Information
PREMIER ASSET RECOVERY SOLUTIONS INC.
706-772-5800
PHILLIPS & COHEN ASSOCIATES
800-370-5788
| | Attorney | THE JOHNSON LAW FIRM
256-586-2900
| | Bankruptcy | PHILLIPS & COHEN ASSOCIATES / PCA ACQUISITIONS
800-370-5788
| | Debt Buyers | PROFESSIONAL RECOVERY SYSTEMS, LLC
Craig Manseth
877-596-2633
More Information
GENESIS FINANCIAL SOLUTIONS
Amy Sawyer
503-268-5815
More Information
PCA ACQUISITIONS
973-827-7121
| | Debt Sellers | PROFESSIONAL RECOVERY SYSTEMS, LLC
Craig Manseth
877-596-2633
More Information
GENESIS FINANCIAL SOLUTIONS
503-268-5815
| | Deceased | PHILLIPS & COHEN ASSOCIATES / PCA ACQUISITIONS
Buddy Beaman
973-827-7121
More Information
| | Legal Networks/Services | PHILLIPS & COHEN ASSOCIATES / PCA ACQUISITIONS
800-370-5788
|
|
Industry Events
|
2008 National Automobile Finance Conference & Tradeshow
Consumer Bankers Association
Hilton San Francisco Hotel
San Francisco, CA
March 30 - April 1, 2008
(703) 276-1750
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
March For Success
ACA International
Green Valley Ranch, Resort & Spa
Las Vegas, NV
April 9 - 11, 2008
(562) 906-1101
More Information
Austin Logistics' Impact 2008: Survival of the Smartest
Austin Logistics
Four Seasons Hotel
Austin, TX
April 14- 16, 2008
(512) 328-8215
More Information
The Smarter Decisions Conference
InterACT: A Fair Isaac Forum
Luxury Collection Palace Hotel
San Francisco, California
April 27 - 30, 2008
(800) 496-7001
More Information
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| At A Glance - Wednesday, May 14, 2008 |
| 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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