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Wednesday, May 21, 2008
Mid-Week News:
EXPERIAN LAUNCHES BUSINESS CREDIT MONITORING SYSTEM
Costa Mesa, Calif., May 19, 2008 - Experian®, a global information services company, today announced the launch of Account Monitoring ServiceSM, its comprehensive business credit monitoring system that provides relevant and actionable alerts, enabling clients to minimize risk and maximize customer relationships.
read more

CHARMING SHOPPES REPORTS FIRST QUARTER RESULTS; PROVIDES OUTLOOK FOR SECOND QUARTER OF FISCAL 2009
BENSALEM, Pa. - Charming Shoppes, Inc. (Nasdaq: CHRS) a leading multi-brand, multi-channel specialty apparel retailer specializing in women's plus-size apparel, today reported sales and operating results for the first quarter ended May 3, 2008. The Company today also provided its initial earnings outlook for the second fiscal quarter ending August 2, 2008.
read more

FTC TESTIFIES BEFORE U.S. HOUSE SUBCOMMITTEE ON PROGRESS
The Federal Trade Commission today provided Congress with an update on the progress of its study on the use of credit-based insurance scores in homeowners insurance.
read more

MCGRAW SETTLES CASE AGAINST COLLECTION AGENCY
Attorney General Darrell McGraw said an investigation of a company collecting DIRECTV accounts has resulted in the cancellation of more than $58,000 in debt allegedly owed by 292 West Virginia consumers.
read more

FITCH RATES CAPITAL ONE'S CREDIT CARD SELLER/SERVICER 'PROFICIENT PLUS'
NEW YORK - Fitch Ratings has assigned Capital One Bank (USA), National Association (Capital One) a Credit Card Seller/Servicer Rating of 'Proficient Plus'. The rating is based on the company's experienced management team, strong brand awareness, quality controls and vendor management, which is necessitated by its high level of outsourcing.
read more

CREDIT CARD COMPANIES CONTINUE TO PROSPER
Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) are two companies that can help you profit from the economic downturn. Credit card companies have rallied nearly 20% from their lows of the year, but remain relatively undervalued considering their strong growth and profitability. As a result, this sector may be one worth watching over the next few months.
read more

DISCOVER SAYS LATE PAYMENTS WILL INCREASE THIS YEAR
Discover Financial Services, the credit-card company that said first-quarter profit fell 65 percent, forecast that late payments will increase this year and probably peak at less than 6 percent.
read more

FINANCIAL PLANNING: PROPOSAL LIMITS FEES ON CREDIT CARDS
Federal regulators have proposed restricting the ability of credit card issuers to sharply raise interest rates and fees.
read more

CHASE CONTINUES TO EMPOWER CONSUMERS TO IMPROVE THEIR FINANCIAL SUCCESS BY OFFERING 'CLEAR & SIMPLE' TOOLKIT IN SPANISH
Chase 'Claro y Simple' Initiative Leads the Industry in Providing Consumers Choice and Control in Managing their Personal Finances
read more

TARGET FIRST-QUARTER PROFIT DROPS, CITES HIGHER COSTS
MINNEAPOLIS - Profits dropped almost 8 percent at Target on softer-than-expected sales and higher costs, but the discount retailer still beat Wall Street earnings estimate for its first quarter.
read more

ADVANTA SELLS $247M IN CREDIT CARD DEBT
Advanta Corp. found buyers in the bond market for $247 million in business credit card loans, the credit card lender said Monday.
read more

SOUNDBITE COMMUNICATIONS ANNOUNCES THE INTELLIGENT COMMUNICATIONS PLATFORM ENABLING INTEGRATED MULTI-CHANNEL CAMPAIGN STRATEGIES
SoundBite Communications, Inc. (NASDAQ: SDBT) today announced the upcoming release of the SoundBite Intelligent Communications Platform, an integrated, multi-channel solution that will offer automated voice, text and email messaging through an easy-to-use web interface.
read more

FIRST QUARTER 2008 EARNINGS CONFERENCE CALL
WHITE PLAINS, N.Y. - Debt Resolve. Inc. (Amex: DRV), a global provider of online debt resolution solutions, will hold its quarterly conference call to discuss first quarter results on Thursday, May 22, 2008, at 2:00 p.m. Eastern Time.
read more

ASTA FUNDING SWINGS TO 2Q NET LOSS
Asta Funding Inc. late Monday said it swung to a second-quarter net loss of $7.71 million, or 54 cents a share, from net earnings of $12.6 million, or 85 cents a share, in the year-ago period.
read more

AG SETTLES DEBT COLLECTION ACTIONS
BUFFALO-The state Attorney General's office has obtained settlements with a Nebraska-based debt collection agency and an Amherst business owner who wrongfully attempted to collect money he wasn't entitled to from hundreds of Western New York consumers.
read more

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
$314,155,866.00     Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?546  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690  

$2,189,397.00     Consumer Loans
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?544  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$1,828,987.00     Checks
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?542  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250  

$1,220,268.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?540  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$2,685,320.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?539  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$8,487,967.00     Retail
Oliphant Financial Corporation
http://www.debtconnection.com/portfolio.asp?538  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250  

$112,346,419.00     Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?534  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$3,300,140.00     Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?533  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$1,002,755.00     Checks
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?535  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$3,433,394.00     Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?536  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$2,122,733.00     Retail
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?537  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

$681,906.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?532  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$12,249,416.00     Credit Cards
L & L FINANCIAL SERVICES
http://www.debtconnection.com/portfolio.asp?530  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2728  

$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  

$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  

Industry Events
Best Practices in Collections Workshop
Austin Logistics and SoundBite Communications
Hyatt Regency Phoenix
Phoenix, Arizona
May 22, 2008
(781) 897-2617
More Information

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