DebtConnection.com

CREDIT CRUNCH PUTS CRIMP IN STUDENT LOANS
WASHINGTON -- Lenders are dropping out of the federally backed student loan business in droves, fleeing an environment squeezed of cash because of the credit crunch.
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MONSTER AND BANK OF AMERICA CONTINUE COLLABORATION TO EDUCATE COLLEGE STUDENTS ABOUT SMART MONEY MANAGEMENT
MAYNARD, Mass. - Making It Count, an educational service provider for students and parents, and a business unit of Monster Worldwide, Inc. (NASDAQ: MNST), and Bank of America, one of the world's largest financial institutions, today announced the "Ultimate Money Skills" program will begin its third nationwide tour this month.
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FDIC TO CONDUCT FIRST NATIONWIDE SURVEY OF BANKS' EFFORTS TO BRING "UNBANKED" CONSUMERS INTO ECONOMIC MAINSTREAM
The Federal Deposit Insurance Corporation (FDIC) will this spring conduct a nationwide survey of FDIC-insured depository institutions to assess their efforts to serve unbanked and underbanked individuals and families. This survey is the first of its kind at the national level.
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FIRST MARBLEHEAD STATEMENT ON TERI'S PETITION FOR REORGANIZATION UNDER CHAPTER 11
BOSTON, MA, The First Marblehead Corporation (NYSE: FMD) today provided the following statement from Jack Kopnisky, the "Late yesterday, The Education Resources Institute (TERI), a non-profit guarantor of private student loans, filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Massachusetts.
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HOME-BUYING CREDIT LAUDED
A $10,000 tax credit for home buyers would be a better economic stimulus than sending out checks, the president of one of the world's largest real estate firms said in Madison this week.
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WORRIES ABOUT HEALTHCARE CREDIT SCORES
You arrive at the hospital for a medical procedure. But instead of checking you in, the person at the front desk says, "Sorry, your healthcare credit score is too low.
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DO NOT CALL REGISTRATIONS PERMANENT AND FEES TELEMARKETERS PAY TO ACCESS REGISTRY SET
Telephone numbers placed on the National Do Not Call Registry will remain on it permanently due to the Do-Not-Call Improvement Act of 2007, which became law in February 2008. More than 157 million phone numbers are on the National Do Not Call Registry.
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BIPARTISAN SENATE BILL AIMED AT BUSINESSES AND HOMEOWNERS FINDS LITTLE SUPPORT
WASHINGTON - The Senate on Thursday passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis.
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THE BIG RISK IN THE FORECLOSURE FIX
NEW YORK (CNNMoney.com) -- At the center of all of Washington's efforts to rescue the battered housing markets is the formerly obscure Federal Housing Administration.
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FEDERAL RESERVE EXTENDS DEADLINE FOR THE SUBMISSION OF REQUESTS TO
The Federal Reserve Board on Wednesday extended to April 15 the deadline for the submission of requests to testify at public meetings to be held next month in Los Angeles, California, and Chicago, Illinois, on the notice by Bank of America Corporation to acquire Countrywide Financial Corporation.
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EXPERIAN SURVEY SHOWS 59 PERCENT OF AMERICANS FEEL THE ECONOMIC STIMULUS PACKAGE IS A SHORT-TERM FIX TO THE U.S. ECONOMY
An Experian Consumer DirectSM poll shows that more than half of Americans feel the recently signed $152 billion federal economic stimulus package is a short-term solution for the troubled U.S. economy, while 32 percent feel the package will cause more Americans to reinvest in the economy. The survey also gathered consumer attitudes regarding their 2007 federal income taxes.
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IAT DIALING TECHNOLOGY CHOSEN BY NATIONAL CREDIT SOLUTIONS: SMALL COLLECTION AGENCY NEEDS DIALING TECHNOLOGY TO STAY COMPETITIVE
IAT is pleased to announce that National Credit Solutions (NCS), a full-service contingency collection agency, has chosen CT Center as their first predictive dialing solution. IAT provides predictive dialing and interactive contacting solutions for collection organizations of all sizes.
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WAMU DITCHES THE WHOLESALE MORTGAGE BIZ
Troubled thrift giant Washington Mutual (NYSE:WM - News), once one of the biggest players in residential mortgages, will stop making loans through independent mortgage brokers -- what the industry calls the "wholesale" side of the business. Instead the company will focus on loans through its 2,200 retail bank branches.
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U.S. ALLOWING FHA TO INSURE MORE MORTGAGES
WASHINGTON (MarketWatch) -- In an effort to let more borrowers keep their homes, the Bush administration is expanding a program to allow more borrowers to refinance mortgages. The administration is allowing the Federal Housing Administration to insure more mortgages, and expects about 500,000 families will refinance into prime-rate mortgages by the end of the year.
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IN A CLASSIC CASE OF WHAT YOU DON'T KNOW CAN KILL YOUR BUSINESS
FACTA violations - federal legislation passed in 2004 - has resulted in some of the country's leading merchants facing litigation in the hundreds of millions of dollars.
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GOVERNOR RANDALL S. KROSZNER
Chairman Frank, Ranking Member Bachus, and other members of the Committee, I am pleased to be here today to discuss efforts to address the current problems in the mortgage and housing markets. In my testimony this morning, I will briefly review the current situation in the housing market and ongoing efforts to help prevent avoidable foreclosures.
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SOUNDBITE COMMUNICATIONS GAINS APPROVAL TO DELIVER FREE-TO-END-USER TEXT MESSAGING ON THE NATIONWIDE SPRINT NETWORK
Bedford, Mass. - SoundBite Communications, Inc. (NASDAQ: SDBT), a leading provider of on-demand customer contact solutions, announced that it has received approval from Sprint (NYSE: S) to deliver Free-to-End-User (FTEU) text messages on the Nationwide Sprint Network.
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READ THE FED'S MINUTES
NEW YORK (CNNMoney.com) -- Here are the minutes from the March 18, 2008 meeting of the Federal Reserve's Federal Open Market Committee:
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DEBTX TO SELL $218 MILLION IN RESIDENTIAL AND COMMERCIAL REAL ESTATE LOANS
DebtX, the largest marketplace for commercial debt, today announced the sale of more than $218 million in residential and commercial real estate loans secured by properties across the United States.
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CONSUMER BORROWING SLOWS
NEW YORK (CNNMoney.com) -- Consumer credit growth slowed in February, but Americans remained dependent on their credit cards to get through difficult economic times, according to a Federal Reserve report issued Monday.
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CALLMINER AND ASPECT ANNOUNCE NEW CUSTOMER, DAIMLER FINANCIAL SERVICES
Fort Myers, Fla. - CallMiner, a global provider of speech analytics, and the PerformanceEdge Group of Aspect Software, a global company focused on unified communications for the contact center, have been chosen by Daimler Financial Services Americas to monitor the quality, content, context, intention and outcome of contact center conversations. Implementation is scheduled to begin mid-Q2 2008 with an estimated go-live date of mid-Q3 2008.
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ATTORNEY GENERAL OBTAINS $1.3 MILLION JUDGMENT AGAINST JACKSONVILLE DEBT COLLECTOR
TALLAHASSEE, FL - Attorney General Bill McCollum today announced that a Jacksonville resident and his debt collection agency have been ordered to pay $1.3 million in restitution and civil penalties for violations of Florida and Federal collections laws.
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FTC CHAIRMAN AND COMMISSIONERS TESTIFY BEFORE SENATE COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION ON PROPOSED 'FEDERAL TRADE COMMISSION REAUTHORIZATION ACT OF 2008'
Federal Trade Commission Chairman William E. Kovacic and Commissioners Pamela Jones Harbour, Jon Leibowitz, and J. Thomas Rosch today presented FTC testimony before the U.S. Senate Committee on Commerce, Science, and Transportation, highlighting the agency's accomplishments since the last FTC reauthorization hearing in September, and providing comments on the proposed "Federal Trade Commission Reauthorization Act of 2008".
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TSYS INTRODUCES N>GENUITY IN ACTION: N>GENSM INITIATIVE FOR THE NEXT GENERATION OF PAYMENT SOLUTIONS
Columbus, Ga. - TSYS today announced the launch of n>gen, a new business paradigm that makes it easy for TSYS clients to efficiently and thoroughly manage all their complex payments-related business needs with point-and-click ease.
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WAMU GETS $7 BLN INFUSION, CUTS JOBS, SEES LOSS
NEW YORK (Reuters) - Washington Mutual Inc (WM.N), battered by mortgage delinquencies and defaults, said Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but projected a $1.1 billion quarterly loss and set plans to eliminate 3,000 jobs.
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S.F. SUES CREDIT CARD SERVICE, ALLEGING BIAS
The city of San Francisco is suing a leading credit card dispute resolution service, accusing it of favoring industry and stacking the system against consumers in debt collection cases.
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FORECLOSURE FIX FACES MURKY FUTURE
NEW YORK (CNNMoney.com) -- The Senate on Tuesday is expected to pass a $15 billion package of housing measures intended to stabilize the housing market.
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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

$1,600,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?518
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$2,026,471.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?517
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$6,193,475.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?516
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$8,100,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?515
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$12,147,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?514
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$14,340,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?513
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$25,000,000.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?512
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$1,583,940.00     Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?519
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247

$6,100,000.00     Credit Cards
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?510
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$11,400,000.00     Consumer Loans
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?509
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$8,467,169.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?511
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728

$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

$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

Consultants

CORNERSTONE SUPPORT, INC.
Tony Bailey
770-587-4595
More Information

Debt Buyers

DEBT TRADE PARTNERS, LLC
Walter Frye
888-828-9957
More Information

NORAM CAPITAL HOLDINGS, INC.
Anthony J. Renteria
888-886-6726
More Information

CNE & ASSOCIATES LLC
716-471-1964

Debt Sellers

PAYTEK SOLUTIONS
901-546-0300

Skip Tracing

MASTERFILES, INC.
John Hambrick
770-528-5875
More Information

CBCINNOVIS
610-363-1707

Industry Events

Austin Logistics' Impact 2008: Survival of the Smartest
Austin Logistics
Four Seasons Hotel
Austin, TX
April 14- 16, 2008 (512) 328-8215
More Information

NAFCU 2008 Chief Executive Officers Conference
National Association of Federal Credit Unions
Luxury Collection Palace Hotel
Four Seasons Hotel, Austin, TX
April 16 - 18, 2008
(800) 344-5580
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

5th Annual Standards and Technology Conference
Consumer Bankers Association
Hyatt Regency Washington on Capitol Hill
Washington, DC
April 28 - 30, 2008
(703) 876-1750
More Information

2008 Community Reinvestment Act Conference
Consumer Bankers Association
Ritz Carlton Pentagon City
Washington, DC
April 30 - May 2, 2008
(703) 876-1750
More Information

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At A Glance Archive 2007 20062005

At A Glance - Wednesday, May 14, 2008

At A Glance - Friday, May 09, 2008

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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