LATE LOAN PAYMENTS HIGHEST SINCE 1992
Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate not hit since the early 1990s.
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OHIO HOPES RULING WILL SLOW FORECLOSURES
Cincinnati - The Ohio attorney general's office is looking for new ways to slow foreclosures in court, hoping a recent Ohio appellate court decision will help in those efforts.
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80,000 JOB LOSSES, UNEMPLOYMENT SPIKES
NEW YORK - U.S. employers slashed jobs for the third straight month in March and unemployment rose to a nearly three-year high, offering the latest signs that the economy has fallen into a recession.
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NCO RECEIVES 2008 CRM EXCELLENCE AWARD FROM CUSTOMER INTERACTION SOLUTIONS MAGAZINE
HORSHAM, PA, - NCO Group, Inc. ("NCO"), a leading provider of business process outsourcing services, announced today that Technology Marketing Corporation (TMC)'s Customer Interaction Solutions® magazine (www.cismag.com) awarded its CRM division a 2008 CRM Excellence Award for the Customer Care and Technical Support programs they provide for a leading electronics retailer.
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UNDER SECRETARY FOR DOMESTIC FINANCE ROBERT K. STEEL TESTIMONY
Under Secretary for Domestic Finance Robert K. Steel Testimony. Before the Senate Committee on Banking, Housing and Urban Affairs.
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TEXAS COLLECTION AGENCY PUBLICIZED FOR CONTINUING EXPANSION
San Antonio, TX - Talbott, Adams & Moore Inc., a collection agency based in Texas, is getting attention for their rapid expansion. The year is still new, but they are already the subject of a full length article in the San Antonio Business Journal that details their expanding business and plans for continuing growth.
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STUDENT LOAN COMPANY HALTS NEW BORROWING
NorthStar Education Finance Inc., a St. Paul-based student loan provider, said it has suspended new lending.
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TJX TO PAY $24M MORE FOR LOST DATA
Discount retailer TJX has set what could be an expensive precedent for anybody who loses sensitive data to hackers or insider thieves.
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JOBLESS CLAIMS RISE TO HIGHEST LEVEL SINCE SEPTEMBER 2005
New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday.
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CHAIRMAN BEN S. BERNANKE
Chairman Dodd, Senator Shelby, and other members of the Committee, I appreciate this opportunity to discuss current economic and financial conditions and the actions the Federal Reserve has taken to stabilize financial markets and the economy.
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$15B HOUSING FIX GETS FAST-TRACKED BY SENATE
NEW YORK (CNNMoney.com) -- With unusual speed, leading Senate Democrats and Republicans have negotiated a bipartisan, $15 billion housing relief package that the Senate will start debating Thursday, and will likely vote on by next week.
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HORSHAM DEBT COLLECTOR POSTS QUARTERLY NET LOSS
NCO Group Inc., a Horsham debt collector and customer-service provider, today reported a loss of $22.1 million for the 2007 fourth quarter.
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INDIVIDUAL BANKRUPTCY FILINGS UP 27%
NEW YORK - The number of individuals filing for bankruptcy surged during the first-quarter as American households struggled to stay on top of debt, according to a report released Wednesday.
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FAIR ISAAC DRIVES GROWTH AND PROFITABILITY THROUGH REENGINEERING PLAN
Minneapolis, Minnesota, USA - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision technology, today announced details of a reengineering plan designed to grow revenues through strategic resource reallocation and improve profitability through significant cost reduction.
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BERNANKE SEES RECESSION RISK
NEW YORK - Federal Reserve Chairman Ben Bernanke, in his most pessimistic and blunt assessment to date, said Wednesday that a "recession is possible" for the U.S. economy.
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DISCOVER(R) U.S. SPENDING MONITOR(SM) FALLS IN MARCH
RIVERWOODS, Ill.- The Discover U.S. Spending Monitor reached a new low in March as consumers grew even more concerned about the economy and their personal finances in the face of rising monthly expenses.
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TRANSUNION.COM QUARTERLY CREDIT CARD ANALYSIS NOTES 4.81 PERCENT NATIONAL INCREASE IN BANKCARD DEBT, FORECASTS 0.5 PERCENT RISE IN DELINQUENCY RATE
CHICAGO, IL - Analysis of trends in the credit card lending industry during the 4th quarter of 2007 was made available today on TransUnion.com.
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CHAIRMAN BEN S. BERNANKE
Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, I am pleased to appear before the Joint Economic Committee. In response to deterioration in the near-term outlook for the economy and intensified strains in financial markets, in recent months the Federal Reserve has eased monetary policy substantially further and taken strong actions to increase market liquidity. In my remarks today, I will first offer my views on conditions in financial markets and the outlook for the U.S. economy, then discuss recent actions taken by the Federal Reserve.
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THE FEDERAL RESERVE BOARD ON TUESDAY ANNOUNCED ITS APPROVAL OF THE PROPOSAL BY JP MORGAN CHASE & CO., NEW YORK, NEW YORK, TO ACQUIRE BEAR STEARNS BANK & TRUST, PRINCETON, NEW JERSEY.
JP Morgan Chase & Co. is not required to obtain the Board's prior approval under the Bank Holding Company Act to acquire The Bear Stearns Companies, Inc., New York, New York.
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CONVERGYS MAKES KEY LEADERSHIP CHANGES TO STRENGTHEN AND SIMPLIFY THE ORGANIZATION
Convergys Corporation (NYSE: CVG), the global leader in relationship management, announces the appointment of Andrea Ayers to the position of President, Customer Management line of business. She continues to report to Dave Dougherty, President and Chief Executive Officer.
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LOAN-SALE ADVISORY FIRM GARNET CAPITAL ADVISORS, LLC ANNOUNCED THAT SENIOR BANKING-INDUSTRY EXECUTIVE MAURICE H. HARTIGAN II HAS JOINED THE FIRM AS LIMITED PARTNER AND DIRECTOR OF STRATEGIC DEVELOPMENT.
Mr. Hartigan joins Garnet following 43 years in the financial services industry, most recently as CEO of The Risk Management Association, the financial-services industry's most prominent association of risk professionals.
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STALLED HOUSING BILL MOVES FORWARD IN SENATE
WASHINGTON - Senate leaders have agreed to move forward on stalled legislation aimed at easing the impact of the falling housing market, the chamber's top Republican and Democrat announced Tuesday.
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THE FEDERAL RESERVE SYSTEM ON TUESDAY ANNOUNCED THE AVAILABILITY OF A SET OF DYNAMIC MAPS AND DATA THAT ILLUSTRATE SUBPRIME AND ALT-A MORTGAGE LOAN CONDITIONS ACROSS THE UNITED STATES.
The maps, which are maintained by the Federal Reserve Bank of New York, will display regional variation in the condition of securitized, owner-occupied subprime, and alt-A mortgage loans. The maps and data can be used to assist in the identification of existing and potential foreclosure hotspots.
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UBS, DEUTSCHE LOSSES MOUNT, BUT BANK FOG CLEARING
LONDON - UBS and Deutsche Bank took a $23 billion hit on their risky assets and the Swiss bank asked investors for more cash on Tuesday, but Europe's bank shares rallied on hopes that the end of another torrid quarter could mark a turning point.
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NEVADA FORECLOSURES MAKING HOUSING PERSONAL FOR REID
The housing crisis has hit Nevada harder than any other state, creating a highly personal issue for Senate Majority Leader Harry Reid (D-Nev.).
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FIRST DATA CUTTING 40% OF JOBS IN DAYTONA BEACH CALL CENTER
Credit-card processor First Data Corp. is laying off nearly 40 percent of its employees at its customer-service call center in Daytona Beach, the latest in a series of moves toward shuttering the operation, company officials said Monday.
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THE TRUTH ABOUT CELL PHONES AND THE DO NOT CALL REGISTRY
The Federal Trade Commission today reiterated that despite the claims made in e-mails circulating on the Internet, consumers should not be concerned that their cell phone numbers will be released to telemarketers in the near future, and that it is not necessary to register cell phone numbers on the National Do Not Call (DNC) Registry to be protected from most telemarketing calls to cell phones.
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FEDERAL RESERVE BANKS ANNOUNCE RESTRUCTURING SCHEDULE CHANGES
Minneapolis, Minn., - The Federal Reserve Banks today announced modifications to the schedule for previously announced check processing infrastructure changes as consumers and businesses continue the shift from using paper checks toward electronic payments and as financial institutions rapidly adopt electronic check processing.
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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?508
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,468,356.00 Credit Cards, Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?507
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$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
$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
$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
| | Agency | UNITED RECOVERY SYSTEMS, LP
Sean Keegan
713-977-1234
More Information
TMS FINANCIAL SYSTEMS
216-587-3328
| | Attorney | GREG KARUNGO
+254733735423
| | Brokers | WORLDWIDE DEBT EXCHANGE
866-332-8648
| | Debt Buyers | PORTFOLIO RECOVERY ASSOCIATES, LLC
Craig Grube
757-961-3533
More Information
PEAK5
Rashad Miller
877-500-4646
More Information
DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information
COLLECTION HOUSE
+254203540180
| | Debt Sellers | WORLDWIDE DEBT EXCHANGE
Mandy L. Silva
866-332-8648
More Information
CNE & ASSOCIATES LLC
716-471-1964
TWIN CITY PORTFOLIOS, LLC
612-867-3152
| | Legal Networks/Services | AMERICAN ALLIANCE OF CREDITOR ATTORNEYS
Tom Balcerzak
614-523-2251
More Information
THE NATIONAL LIST OF ATTORNEYS
800-227-1675
| | Software | BFRAME DATA SYSTEMS INC.
charlie bowden
678-387-0100
More Information
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Industry Events
|
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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