FIRST TENNESSEE BANK NATIONAL ASSOCIATION AGREES TO SELL MORTGAGE BUSINESS OUTSIDE TENNESSEE TO METLIFE BANK, N.A.
MEMPHIS, Tenn. - First Tennessee Bank National Association, a subsidiary of First Horizon National Corp. (NYSE:FHN), has agreed to sell to MetLife Bank, N.A., a wholly owned subsidiary of MetLife, Inc. (NYSE:MET), more than 230 retail and wholesale offices nationwide and its loan origination and servicing platform.
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FDIC TO SPONSOR FORUM ON MORTGAGE LENDING FOR LOW- AND MODERATE-INCOME HOUSEHOLDS
The FDIC today announced that it will sponsor a Forum on Mortgage Lending for Low- and Moderate-Income (LMI) Households on July 8, 2008. The purpose of the LMI Mortgage Forum is to explore a framework for LMI mortgage lending in the future, including identifying market and regulatory incentives for encouraging responsible LMI mortgage lending.
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HOME BUYING CONSULTING BUSINESS PENALIZED FOR CREDIT REPAIR VIOLATIONS
Under a federal court order entered on May 29, a home-buying consulting business that offers credit repair and home-buying consulting services will pay $10,000 to settle Federal Trade Commission charges, including illegally charging an advance fee for credit repair and falsely claiming that it can remove negative information from consumers' credit reports, even if the information is accurate and timely. Home Buyers Consulting Network, Inc. d/b/a Home Buyers Network, Good Credit Company, GoodCredit.com, and 0downhomebuyers.com, and Douglas Andersen Moore a/k/a Douglas A. Moore are barred from further violations of the Credit Repair Organizations Act and the FTC Act. The order contains a $573,000 civil penalty that will be suspended, and, for consumer restitution, a $40,000 judgment that will be suspended upon payment of $10,000. The full civil penalty and judgment amounts will be imposed if the defendants are found to have misrepresented their financial condition.
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BB&T STRENGTHENS CUSTOMER EXPERIENCE WITH INTERCONNECT
ATLANTA - Equifax (NYSE: EFX) today announced that Branch Banking and Trust (BB&T) has selected InterConnect(TM) to streamline its bank card opening process and enhance the customer experience. The new solution gives BB&T access to world-class data, analytics and decisioning -- resulting in more profitable risk management for this leading financial institution.
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GMAC FINANCIAL SERVICES CLOSING NORTH OLMSTED CENTER, ELIMINATING 42 JOBS
GMAC Financial Services will cut 42 jobs and close its Cleveland Business Center in North Olmsted by Aug. 1.
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TOUCHSTAR, A WORLD CLASS CALL CENTER TECHNOLOGY DEVELOPER, ANNOUNCES ITS 2008 USER GROUP CONFERENCE IN VAIL
Denver, CO - TouchStar, a world class call center technology developer, today announces that its Annual User Group Conference will be held in Vail, Colorado, September 15th through 17th, 2008. At the conference, TouchStar will publicly reveal innovative call center solutions that will continue to change the call center industry.
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HEALTH CARE MARKETPLACE | SOME HOSPITALS AUCTION PATIENT DEBT ONLINE TO COLLECTION AGENCIES TO HELP RECOUP UNPAID MEDICAL BILLS
Some U.S. hospitals have begun "trying out a new tactic to recoup patients' debts" -- "auctioning the debt online" -- a "move that consumer groups say could increase pressure on people with unpaid medical bills," the Wall Street Journal reports.
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GMAC MORTGAGE LENDER SAYS IT NEEDS MORE LIQUIDITY
NEW YORK - Residential Capital LLC, the mortgage lending unit of GMAC LLC, said today it needs more than three times more cash to stay in business than it estimated just weeks ago.
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THE FED PREPARES TO HIT PAUSE
Federal Reserve chairman Ben Bernanke all but closed the door on the chances of any more rate cuts during the next few months.
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FORTUNE TOP 50 INDUSTRIAL MANUFACTURER RENEWS CONTRACT WITH CONVERGYS FOR CUSTOMER MANAGEMENT SOLUTIONS
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that a Fortune Top 50 industrial manufacturer has renewed its contract for Convergys' industry-leading Customer Management solutions. Under the terms of the three-year agreement, Convergys will continue to provide top-tier customer service, sales, and technical assistance to the client's millions of customers across its multiple lines of business.
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CHAIRMAN BEN S. BERNANKE
As you know, financial markets in the United States and in a number of other industrialized countries have been under considerable strain since late last summer. Financial market conditions have in turn affected economic prospects, most notably by affecting the cost and availability of new credit.
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INSURED BANKS AND THRIFTS EARNED $19.3 BILLION IN THE FIRST QUARTER
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $19.3 billion in the first quarter of 2008, a decline of $16.3 billion (45.7 percent) from the $35.6 billion that the industry earned in the first quarter of 2007. In releasing the latest results, the FDIC cited higher provisions for loan losses as the primary reason for the drop in industry profits.
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UP TO 9 MONTHS OF FREE CREDIT REPORT MONITORING AVAILABLE TO ELIGIBLE CONSUMERS
CHICAGO, May 29 - Today TransUnion announced that it will soon begin providing eligible U.S. consumers up to nine months of free credit monitoring and related services. The offering is part of a preliminary settlement of a lawsuit that has been pending for many years and arose from a business TransUnion discontinued in 2001. This offering is consistent with TransUnion's commitment to providing consumers with tools and resources that empower them to actively manage their credit health.
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WAMU'S BOARD ADOPTS NEW GOVERNANCE MEASURES
SEATTLE - Washington Mutual (NYSE:WM) today announced several new measures to further strengthen WaMu's corporate governance as the company's management team and Board of Directors work to return the company to profitability.
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KEYBRIDGE MEDICAL RECEIVES 'BEST PRACTICES AWARD' FOR CONTACT CENTER TECHNOLOGY FROM NOBLE SYSTEMS
Noble Systems Corporation, a global leader in contact center technology solutions, recently presented the 'Best Practices Award' to Keybridge Medical Revenue Management (formerly General Audit Corporation). The award was announced at the SNUG 2008 Conference - a gathering of the Select Noble Users Group - held in May in Atlanta, Georgia.
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SITE-PREMISED DIALING SYSTEMS COMPLEMENT HOSTED
IAT asserts that, after more than 20 years of use in the collection industry, site-premised predictive dialers will remain a key component of most companies' dialing solutions, and that the most cost-effective business strategy for many collection organizations is to combine their use with a hosted service.
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CUSTOMERS SUE TWO US BANKS FOR DATA BREACH
Customers have begun a class action suit against two US banks after data on as many as 125,000 customers went missing.
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WACHOVIA CEO OUT AT BOARD'S REQUEST
NEW YORK (CNNMoney.com) -- Wachovia Corp. Chief Executive Ken Thompson became the latest casualty of the credit crunch on Monday when he stepped down under pressure from the bank's board.
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LENDERS FOOT THE BILL FOR ABANDONED HOMES
NEW YORK - Weeds stand waist high on the front lawn of the wood-frame, single-family house in Cleveland's Slavic Village neighborhood. Trash spills out open doorways into the driveway and yard.
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CUOMO URGES CONSUMERS VICTIMIZED BY DELL'S DECEPTIVE BUSINESS PRACTICES TO FILE COMPLAINTS AT WWW.NYAGDELL.COM
NEW YORK, NY - Attorney General Cuomo today urged customers who were victimized by Dell's deceptive and negligent business practices to file complaints at www.NYAGDELL.com, a website devoted exclusively to addressing consumer issues with Dell. This action follows a court decision that Dell and its affiliate Dell Financial Services, LP ("DFS") will have to provide restitution to its customers and forfeit unlawfully earned profits to the state for engaging in fraud, false advertising and failing to provide consumers with promised services.
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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 | $1,222,439.00 Credit Cards
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?562
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$12,536,953.00 Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?561
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$260,000.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?558
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,900,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?557
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$8,600,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?556
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$468,900.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?555
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$3,073,947.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?554
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$12,975,869.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?553
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$8,473,836.00 Auto Deficiencies
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?552
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
| | Agency | NETQUEST RECOVERY SERVICES, INC.
Randy Wade
877-300-9297
More Information
CREDIT SERVICE
435-752-2660
| | Attorney | STEINBERG LEGAL SERVICES PC
800-713-9090
| | Contact Solutions/Dialers | TOUCHSTAR
Chris Rieple
303-338-0678
More Information
| | Debt Buyers | GREENS FINANCIAL LLC
402-291-8900
| | Software | BFRAME DATA SYSTEMS INC.
charlie bowden
678-387-0100
More Information
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Industry Events
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National Automotive Finance Assoc. Annual Non-Prime Auto Lending Conference
NAF Association
Renaissance Worthington Hotel
Fort Worth, Texas
June 4 - 6, 2008
More Information
2008 Collections Conference
Consumer Bankers Association
Hyatt Regency at Gainey Ranch
Scottsdale, AZ
June 4 - 6, 2008
More Information
Buyer / Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
June 5 - 6, 2008
More Information
DBA International Executive Retreat
DBA International
Charleston Place
Charleston, South Carolina
June 17 - 19, 2008
More Information
HFMA's 2008 ANI: The Healthcare Finance Conference
Healthcare Financial Management Association Annual National Institute
Mandalay Bay Resort and Casino
Las Vegas, Nevada
June 23 - 26, 2008
More Information
America's Credit Union Conference & Expo
Credit Union National Association
Hilton New York
New York, NY
June 29 - July 2, 2008
More Information
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| At A Glance - Wednesday, January 30, 2008 |
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| At A Glance - Wednesday, January 09, 2008 |
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