WALL STREET NOW SEES CITIGROUP POSTING LOSS FOR
2008
NEW YORK (Dow Jones)--Wall Street analysts
now expect Citigroup Inc. to lose money this year, cutting their estimates a day after Chief
Financial Officer Gary Crittenden said the bank may take "substantial" further write-downs for
due to deteriorating mortgage investments.
read more
STATE REGULATORS GAIN POWER TO
MONITOR BANKS' DATA SYSTEMS
A definition
change gives California bank regulators far more control over bank information technology
systems.
read more
CR SOFTWARE ANNOUNCES
PARTNERSHIP WITH MISSISSIPPI STATE TAX COMMISSION
Fairfax, VA, June 19, 2008 - CR Software LLC (CRS), the leading
financial software solutions provider to collections entities, announces today its partnership with
Mississippi State Tax Commission (MSTC). MSTC was seeking the acquisition of a collection
software system that has the ability to run their entire collection operation and chose CR
Software's Titanium ORE solution. MSTC is headquartered in Raymond, Mississippi with 9
district offices statewide.
read
more
TSYS SIGNS AGREEMENT WITH
PARTNERSFIRST(tm)
Columbus, Ga., June 19, 2008
- TSYS today announced an agreement with PartnersFirst Affinity Services, a division of
Torrey Pines Bank, to process its consumer credit card portfolio. In addition to core processing,
PartnersFirst will leverage TSYS' gold-standard technology for online credit card services and
instant application; card, statement and letter production; and a full suite of customer care
offerings.
read more
FORD, GM SHARES DROP ON REPORTS
OF MORE WRITE-DOWNS
WASHINGTON --
Ford Motor Co.'s credit arm will write down the value of its used-car portfolio, a company
official acknowledged in the wake of a report that both Ford and General Motor Corp. will have
to write down the value of their financial arms by more than $1 billion each.
read more
BANK OF AMERICA'S BID FOR
COUNTRYWIDE SHRINKS
Bank of America's bid
for mortgage lender Countrywide is worth about $1 billion less than when it was made, because
the stock the bank offered has dropped sharply in value.
read
more
WAMU DROPS AX AGAIN, CUTS 1,200
JOBS, INCLUDING 260 AT SEATTLE HEADQUARTERS
Washington Mutual's struggles to right itself will cost 1,200 more people their jobs,
including 260 at the troubled lender's downtown Seattle headquarters.
read more
MORTGAGE FRAUD INVESTIGATION
BY THE FBI NETS HUNDREDS
Hundreds of
people across the country have been arrested by law enforcement officials targeting crooked
mortgage brokers, real estate agents, and other industry officials, the head of the FBI and a top
Justice Department official said Thursday.
read more
WAMU COMMITS AN ADDITIONAL $1
BILLION IN ASSISTANCE TO HELP BORROWERS
SEATTLE - Washington Mutual (NYSE:WM) today announced that it is
dedicating an additional $1 billion as part of its borrowers' assistance program designed to help
WaMu homeowners with subprime mortgage loans stabilize their finances and avoid
foreclosure.
read more
8.3 MILLION IDENTITY THEFTS IN 2005,
IT COULD HAPPEN TO YOU
According to the
government, 8.3 million Americans fell victim to identity theft in 2005. Estimated losses
exceeded $15 billion. Fortunately, you can protect yourself from identity theft.
read more
FRANK STATEMENT ON PAULSON
SPEECH
Washington, DC - House Financial Services
Committee Chairman Barney Frank made the following statement in reaction to the address
today by U.S. Treasury Secretary Henry Paulson:
read more
FIFTH THIRD SELLS SHARES TO RAISE
CAPITAL
Cincinnati-based Fifth Third Bancorp is
cutting its dividend by two-thirds and will raise $2 billion in capital by selling new shares and
nonessential assets.
read more
ATTORNEY GENERAL ABBOTT TAKES
ACTION AGAINST RETAIL CONVENIENCE STORE CHAIN FOR DUMPING
CUSTOMER RECORDS
HOUSTON - Texas
Attorney General Greg Abbott today charged Houston-based Petroleum Wholesale, L.P., which
operates Sunmart Travel Centers & Convenience Stores in 10 states, for exposing its customers to
identity theft. According to the state's enforcement action, Petroleum Wholesale improperly
discarded customer records containing sensitive personal information, including Social Security
numbers, bank account numbers, and credit or debit card information.
read
more
MARYLAND CREDIT UNIONS SHINE
IN GLOOMY ECONOMIC TIMES
BALTIMORE
(Map, News) - Maryland's 110 federally insured credit unions are handling the nation's economic
doldrums better than the state's 97 commercial banks and thrifts in the first quarter 2008,
National Credit Union Administration and FDIC reports indicate.
read more
REMARKS BY SECRETARY HENRY M.
PAULSON, JR. ON ECONOMY
As you know, the
U.S. economy is going through a rough period - after six straight years of almost 3 percent
average annual growth, our growth rate slowed significantly late last year. We are facing a trio of
headwinds - a housing correction, capital markets turmoil and high energy and commodity
prices.
read more
FREMONT GENERAL CORPORATION
ANNOUNCED THAT CAPITALSOURCE INC. HAS RECEIVED ALL REQUISITE
REGULATORY APPROVALS FOR PURCHASE OF BANK DEPOSITS AND
BRANCHES AND CERTAIN BANK ASSETS BY NEWLY-APPROVED
CAPITALSOURCE BANK
(BREA,
CALIFORNIA) - June 18, 2008: Fremont General Corporation ("Fremont General" or the
"Company") (OTC: FMNT), doing business primarily through its wholly-owned bank subsidiary,
Fremont Investment & Loan ("FIL" or the "Bank"), announced today that the California
Department of Financial Institutions and the Federal Deposit Insurance Corporation ("FDIC")
have granted approval for CapitalSource Inc. ("CapitalSource"), through a newly formed wholly-
owned California industrial bank, CapitalSource Bank (in organization), to acquire a substantial
portion of FIL's assets, including all of FIL's branches, and the assumption of all of FIL's
deposits pursuant to the terms of the Purchase and Assumption Agreement, dated April 13,
2008.
read more
FALLOUT FROM BAD LOANS ROCKS
U.S. REGIONAL BANKS
In Ohio, the Panic of
1907 drove the Fifth National Bank into the arms of the Third National Bank, creating the
singularly named Fifth Third Bank of Cincinnati.
read
more
WELLS FARGO EXPANDS TO FORT
MORGAN, COLORADO
Wells Fargo & Company
(NYSE: WFC) and F.S.B. Bancorporation, Inc. of Fort Morgan, Colorado announced today they
have signed a definitive agreement for Wells Fargo to acquire banking operations of its
subsidiary, Farmers State Bank of Fort Morgan, in northeastern Colorado.
read more
FTC, CALIFORNIA OFFICE OF
PRIVACY PROTECTION TO CO-HOST WORKSHOP FOR BUSINESSES ON BEST
PRACTICES FOR PROTECTING PERSONAL INFORMATION AND SECURING
DATA
The Federal Trade Commission and the
California Office of Privacy Protection will co- host a half-day public workshop in Los Angeles
on Wednesday, August 13, 2008, on how businesses can secure personal information and protect
the privacy of consumers and employees.
read
more
INDUSTRY CHOICE AWARDS
NOMINATIONS BEGIN
Hollywood has the
People's Choice Awards, now the Collection and Recovery Industry has their Industry Choice
Tribute Awards! Being recognized by your peers as a superior performer is one of the best
compliments you can receive. Three company awards, and three individual awards will be
presented at the Debt Connection Symposium & Expo ® 2008 Charity & Awards Gala to be
held September 4, 2008 at the San Diego Marriott Hotel and Marina. Individual Awards will be
presented to: Debt Buyer of the Year 2008, Debt Seller of the Year 2008, and Recovery
Manager of the Year 2008. Companies will vie for Agency of the Year 2008, Attorney of the
Year 2008 and Industry Vendor of the Year 2008.
read more
EBUREAU AND DATAMARK FORM
PARTNERSHIP TO DRAMATICALLY
ST.
CLOUD, Minn. and SALT LAKE CITY, Utah - June 17, 2008 - eBureau, an
innovative
provider of custom predictive scoring and information solutions, and Datamark,
Inc., the nation's leading
direct response advertising agency for colleges, universities, and
proprietary post-secondary academic
institutions, today announced they have formed a
strategic partnership that will result in utilizing
eBureau's predictive modeling to accurately
evaluate, in real time, the quality of every online lead that
Datamark purchases on behalf of
its education clients.
read
more
TRANSUNION.COM QUARTERLY
CREDIT CARD ANALYSIS REVEALS THAT NATIONAL CREDIT CARD DEBT AND
LOAN DELINQUENCIES DROP FOR FIRST TIME SINCE BEGINNING OF
2007
CHICAGO, June 18 /PRNewswire/ --
TransUnion.com released today the results of its analysis of trends in the credit card lending
industry for the first quarter of 2008. The report is part of an ongoing series of quarterly
consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may
be found on TransUnion's Web site.
read
more
FEDERAL RESERVE ANNOUNCES
LAUNCH OF NATIONAL MINORITY-OWNED BANK PROGRAM
The Federal Reserve System today announced the nationwide launch of
Partnership for Progress, an innovative outreach and technical assistance program for minority-
owned and de novo institutions. The program seeks to help these institutions confront their
unique challenges, cultivate safe and sound practices, and compete more effectively in today's
marketplace through a combination of one-on-one guidance, workshops, and an extensive
interactive web-based resource and information center
(http://www.fedpartnership.gov/).
read more
HOW RISING HOME VALUES, EASY
CREDIT PUT YOUR FINANCES AT RISK
At the
peak of the housing boom, April Lewis-Parks' three-bedroom house in Fort Lauderdale doubled
in value. To her surprise, her credit card limits soared even more.
read more
BANKS RAISE PENALTY FEES FOR
CUSTOMERS' OVERDRAFTS
As the economy
weakens, banks are increasingly squeezing customers who overdraw their bank
accounts.
read more
REPORT: FEDS NEED BETTER PRIVACY
PROTECTION FOR DATA
WASHINGTON -
The government does not have adequate privacy protections for the personal information it
collects, shares and stores as part of the effort to fight terrorism, according to a new report by a
U.S. watchdog agency.
read more
PORTFOLIO RECOVERY ASSOCIATES
TO PRESENT AT WILLIAM BLAIR GROWTH STOCK CONFERENCE
NORFOLK, VA, Jun 17, 2008 (MARKET WIRE via COMTEX News
Network) -- Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a leading provider of
outsourced receivables management, announced today that Steve Fredrickson, CEO, and Kevin
Stevenson, CFO, will be making a presentation to the investment community at the William Blair
Growth Stock Conference to be held in Chicago, IL on Wednesday, June 18, 2008. During the
course of this event, Portfolio Recovery Associates may disclose material developments affecting
its business and/or financial performance.
read more
DUFF PRAISES IDENTITY THEFT
PREVENTION MEASURE
Legislation signed into
law this week will help prevent identity theft in the state of Connecticut by limiting the
collection of Social Security numbers, a move that state Senator Bob Duff (D-Norwalk), today
praised.
read more
AWARD-WINNING RECOVERCORP TO
OPEN NEW CALL CENTRE IN PICKERING
Pickering, ON, June 12, 2008 - Fresh off its national ranking in PROFIT magazines'
PROFIT 100 list of Canada's Fastest Growing Companies, Pickering-based RecoverCorp will
reinforce this well deserved recognition by unveiling the expansion of its new call
centre.
read more
BANKRUPTCY RISING AMONG
SENIORS
Swamped by debt and rising medical bills,
elderly Americans have been seeking bankruptcy-court protection at sharply faster rates than
other adults, a study to be released Tuesday indicates.
read more
FTC HALTS CROSS BORDER CON
ARTISTS
A U.S. District Court Judge has ordered a
halt to the illegal practices of Canadian operators who deceptively posed as domain name
registrars and sent bogus bills to thousands of U.S. small businesses and nonprofit organizations
for their annual "WEBSITE ADDRESS LISTING." Many of the businesses and nonprofits
believed they would lose their Web site addresses unless they paid the bill, so they paid. The
Federal Trade Commission alleged that in most cases the defendants did not provide domain
registration services, did not provide the "search optimization" services it claimed to provide, and
bilked small businesses and nonprofits out of millions of dollars.
read more
LENDERS PLEDGE MORE HELP FOR
HOMEOWNERS
Hope Now, the alliance of lenders,
mortgage servicers, investors and community advocacy groups put together to fight the
foreclosure epidemic, announced new guidelines Tuesday that should help speed up the process
of helping borrowers who are trying to hang onto their homes.
read more
HSBC CREDIT CARD CENTER CLOSING
WITH LOSS OF 240 JOBS
A Northside credit card
services center will close its doors by August, leaving 240 employees without work. HSBC
Finance Corp. Card & Retail Services management began speaking with workers at the center
"recently," said Cindy Savio, spokeswoman for parent company HSBC North America Holdings
Inc.
read more
CONVERGYS HONORED BY AT&T AS
OUTSTANDING SUPPLIER
(Cincinnati; June 16,
2008) - Commitment to excellence over the past year has earned Convergys Corporation (NYSE:
CVG) recognition as an outstanding supplier to affiliates of AT&T Inc. (NYSE: T), one of the
world's leading data, voice, wireless, and Internet services providers.
read more
FDIC CELEBRATES 75 YEARS AS
PILLAR OF AMERICAN BANKING SYSTEM
Washington, D.C. - Seventy-five years after President Franklin Delano Roosevelt
signed legislation creating the Federal Deposit Insurance Corporation, the FDIC continues to
safeguard the money of consumers throughout America in FDIC-insured
accounts.
read more
FTC STAFF FILES COMMENTS WITH
HUD ON PROPOSED AMENDMENTS TO RESPA REGULATIONS
The Federal Trade Commission has authorized its staff to file comments
with the U.S. Department of Housing and Urban Development (HUD) concerning proposed
amendments to regulations implementing the Real Estate Settlement Procedures Act
(RESPA).
read more
NIXON OBTAINS $450,000 CONSENT
JUDGMENT AGAINST POLICE PROTECTIVE FUND FOR TELEMARKETING
HARASSMENT OF MISSOURIANS
St. Louis, Mo.
- A fundraising telemarketer that continued to make solicitations to Missourians even after being
told by consumers to stop will pay $450,000 to the State of Missouri under a consent judgment
obtained today by Attorney General Jay Nixon. Police Protective Fund (PPF) also must not
contact Missourians on the state No Call list for a period of two years, under the order approved
today by St. Louis City Circuit Judge Edward Sweeney. PPF is incorporated in North Carolina
and has offices in California, Texas and Florida.
read more
NIXON OBTAINS TEMPORARY
RESTRAINING ORDER AGAINST GEORGIA BUSINESSES OVER NO CALL
VIOLATIONS
St. Louis, Mo. - Attorney General Jay
Nixon today obtained a temporary restraining order against two Georgia businesses and their
owners for violating Missouri's No Call law. The court order against Versadebt Corporation and
its owner Marvin Cox of Atlanta, and Debtsafe Inc. and its owner Jonathan Blake Curtis of
Athens, Ga., was signed today by Judge Edward Sweeney in St. Louis City Circuit
Court.
read more
GMAC RESCAP NAMES THOMAS
NEARY TO SENIOR MANAGEMENT TEAM
MINNEAPOLIS - Residential Capital, LLC (ResCap), a wholly owned subsidiary
of GMAC Financial Services, today announced that Thomas W. Neary has been named
executive vice president and senior managing director of Capital Markets for the company. Neary
will report directly to ResCap Non-Executive Chairman Thomas Marano and ResCap Chief
Executive Officer Jim Jones.
read
more
A SURVEY OF HOMEBUILDERS'
ASSESSMENT OF THE HOUSING MARKET SHOWS THE INDUSTRY'S SENTIMENT
TIED THE MARK SET IN DECEMBER.
NEW
YORK (CNNMoney.com) -- Homebuilders' confidence in the weak housing market fell in June,
matching the record low in a monthly industry assessment index, a trade group said
Monday.
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 | $455,270.00
Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?564
More
information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$1,927,394.00 Consumer
Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?563
More
information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
| | Agency | NETQUEST RECOVERY SERVICES,
INC.
Russel French
877-300-9297
More
Information
PRINCIPAL RECOVERY GROUP
866-383-3024
| | Debt Buyers | COLLINS FINANCIAL SERVICES, INC.
Tony
Jackson
800-570-5007
More Information
DCL
409-892-4334
CAROUSEL & ASSOCIATES
716-909-4386
| | Debt Sellers | COLLINS FINANCIAL SERVICES, INC.
Tony
Jackson
512-347-1492
More Information
| | Software | SIMPLE SOFTWARE INC
888-462-2392
|
|
Industry Events
|
HFMA's 2008 ANI: The
Healthcare Finance Conference
Las Vegas, Nevada
June 23 - 26, 2008
More Information
America's Credit Union Conference &
Expo
Credit Union National
Hilton New York
New York, NY
June 29 - July 2, 2008
More Information
Debt Connection Symposium & Expo ® 2008
Resource Management Services, Inc. and The Debt Marketplace, Inc.
San Diego Marriott & Marina
September 3 - 5, 2008
More Information
|
|
|
This report is sponsored by The Debt Marketplace. Our firm specializes in assisting buyers and sellers in all aspects of the transaction process, including...
- Marketing your portfolio.
- Due Diligence for Buyers and Sellers.
- Evaluating the viability of a sale.
- Addressing pricing, contract and negotiation considerations.
- Attaining the most efficient transition possible, while minimizing post-sale issues.
Our consulting projects are customized to provide the level of involvement and information that best meets our clients' needs.
Check us out at: http://www.debtmarketplace.com/
Copyright 2001 - 2008 THE DEBT MARKETPLACE, INC. 562-903-7220
THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235
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| At A Glance - Friday, October 10, 2008 |
| At A Glance - Wednesday, October 08, 2008 |
| At A Glance - Friday, October 03, 2008 |
| At A Glance - Wednesday, October 01, 2008 |
| At A Glance - Wednesday, September 24, 2008 |
| At A Glance - Friday, September 12, 2008 |
| At A Glance - Wednesday, September 10, 2008 |
| At A Glance - Friday, September 05, 2008 |
| At A Glance - Wednesday, September 03, 2008 |
| At A Glance - Friday, August 29, 2008 |
| At A Glance - Wednesday, August 27, 2008 |
| At A Glance - Friday, August 22, 2008 |
| At A Glance - Wednesday, August 20, 2008 |
| At A Glance - Friday, August 15, 2008 |
| At A Glance - Wednesday, August 13, 2008 |
| At A Glance - Friday, August 08, 2008 |
| At A Glance - Wednesday, August 06, 2008 |
| At A Glance - Friday, August 01, 2008 |
| At A Glance - Wednesday, July 30, 2008 |
| At A Glance - Friday, July 25, 2008 |
| At A Glance - Wednesday, July 23, 2008 |
| At A Glance - Friday, July 18, 2008 |
| At A Glance - Wednesday, July 16, 2008 |
| At A Glance - Friday, July 11, 2008 |
| At A Glance - Wednesday, July 09, 2008 |
| At A Glance - Wednesday, July 02, 2008 |
| At A Glance - Friday, June 27, 2008 |
| At A Glance - Wednesday, June 25, 2008 |
| At A Glance - Friday, June 20, 2008 |
| At A Glance - Wednesday, June 18, 2008 |
| At A Glance - Friday, June 13, 2008 |
| At A Glance - Wednesday, June 11, 2008 |
| At A Glance - Friday, June 06, 2008 |
| At A Glance - Wednesday, June 04, 2008 |
| At A Glance - Friday, May 30, 2008 |
| At A Glance - Wednesday, May 28, 2008 |
| At A Glance - Friday, May 23, 2008 |
| At A Glance - Wednesday, May 21, 2008 |
| At A Glance - Friday, May 16, 2008 |
| 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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