'RED FLAG' REGULATIONS REQUIRE FINANCIAL INSTITUTIONS AND CREDITORS TO HAVE IDENTITY THEFT PREVENTION PROGRAMS
Financial institutions and creditors are now required to develop and implement written identity theft prevention programs under the new "Red Flags Rules."
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MERCATOR ADVISORY GROUP AND SOUNDBITE TO HOST WEBINAR DESIGNED TO HELP CARD ISSUERS IMPROVE CARDHOLDER RESPONSE WITH MULTI-CHANNEL COMMUNICATIONS
Bedford, Mass. - Card issuers face intense competition to make their card the top-of-wallet choice among consumers, while optimizing collections results at the same time. In order to overcome these dual challenges, card issuers are seeking to implement best practices in proactive customer communications strategies that align with the changing communications landscape of today's highly mobile consumer. Card issuers are requesting customer communication solutions that can scale across the entire cardholder lifecycle - including origination, activation, loyalty and reward program participation, and collections.
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DEADLINE FOR NOMINATIONS FOR THE INDUSTRY CHOICE TRIBUTE AWARDS IS JULY 15, 2008
Nominations for Industry Choice Tribute Awards have begun. All nominations will be reviewed by a committee of qualified industry professionals. Finalists will then be voted on by you, with the Industry Choice Tribute Awards being presented at the DCS 2008 Black Tie Charity Event on September 4, 2008 in San Diego.
Some selection criteria include: progressive attitude, integrity, ethics, innovation, and of course, results and success. You may know other criteria, or reasons you believe a company or individual is deserving of this award. Number of nominations will be a factor, as well as number of votes. The selection committee will determine the finalists, and voting will be completed on the web.
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.
Please help us recognize and reward the superstars by nominating a deserving person or company before July 15th. To nominate your Industry Choice click here
THE STUDENT LOAN CORPORATION STRATEGICALLY REALIGNS BUSINESS TO POSITION FOR CONTINUED MARKET LEADERSHIP
STAMFORD, Conn. - The Student Loan Corporation (SLC), a subsidiary of Citibank, N.A., announced today a restructuring in various functional areas. This action demonstrates an ongoing strategic focus and decisiveness in managing the franchise through severe market and economic conditions as well as federal policy changes. In order to reduce expenses and drive efficiencies, a total of 146 positions within SLC and an additional 28 positions in Citibank (South Dakota), N.A. will be affected. The majority of these positions, from across the company in various functional areas, will be discontinued in August 2008.
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TRANSUNION.COM: NATIONAL AUTO LOAN DELINQUENCY RATES DECLINE NEARLY 18 PERCENT IN FIRST QUARTER OF 2008
CHICAGO, - TransUnion.com (http://www.transunion.com/) released today the results of its analysis of trends in the auto 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.
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DCM SERVICES FIRST DECEASED DEBT COLLECTIONS FIRM TO RECEIVE ISO/IEC 27001 CERTIFICATION
MINNEAPOLIS - DCM Services, LLC, the industry leader in deceased account recovery, today announced it has received ISO/IEC 27001 certification. DCM Services is one of only 72 U.S. companies to achieve this distinction. The certification demonstrates DCM Services' commitment to providing clients with the highest information security standards.
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FHM MORTGAGE GROUP PARTNERS WITH COLLECTION AGENCIES
With the sub-prime mortgage crisis squeezing homeowners across the nation, FHM Mortgage Group, LLC, a full-service mortgage broker headquartered in Parsippany, New Jersey, is partnering with collection agencies to help overextended homeowners resolve their past-due debts.
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ENHANCEMENTS TO HOSTED BROADCAST MESSAGING ANNOUNCED BY IAT
Salt Lake City, UT, - IAT, a leading provider of communications solutions for the collection industry and related markets, announced today that they have significantly enhanced their CT Impact Hosted Broadcast Messaging capabilities by the addition of new leading-edge text-to-speech technology, superior answering machine message lay-in and the ability to pay by check or credit card without agent
intervention.
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DISCOVER FINANCIAL SERVICES RECOGNIZED AS ONE OF CIO MAGAZINE'S TOP TECHNOLOGY INNOVATORS
RIVERWOODS, Ill.- Discover Financial Services (NYSE: DFS) announced today that it has been recognized by CIO magazine as one of the top 100 organizations that exemplifies operational and strategic excellence in information technology. The CIO 100 award is presented annually by the magazine to recognize companies that use innovation resulting in measurable business impact.
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TRANSUNION AND BENCHMARK REVENUE MANAGEMENT PARTNER TO DELIVER COMPREHENSIVE REVENUE CYCLE OFFERING
CHICAGO and SAN DIEGO, - TransUnion and Benchmark Revenue Management announced today a partnership that will allow hospitals to provide better financial avenues to patients seeking assistance. The collaboration will marry TransUnion's patented healthcare revenue cycle platform and predictive analytics capabilities with Benchmark's Web-based business intelligence, dashboard reporting and workflow solution set.
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CALIFORNIA BANKERS ASSOCIATION APPLAUDS SIGNING OF BIPARTISAN SOLUTION REFORMING FORECLOSURE LAW
SACRAMENTO, Calif. - The following statement has been issued by the California Bankers Association regarding the passage of SB 1137 (Perata) into law earlier today:
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CR SOFTWARE ENHANCES THE TITANIUM ORE WEB SERVICE OFFERINGS
Fairfax, VA, - Mutual Management Services, Inc. Comes on Board with CR Software's Platinum Collections Software Platform
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RENEWED PAIN FOR HOME SALES
NEW YORK - The number of homes under sales contracts fell more than expected in May after a surprising spike the month before, a real estate trade group said Tuesday.
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CHAIRMAN BEN S. BERNANKE
I would like to thank Chairman Bair for inviting me to address this conference on mortgage lending to low- and moderate-income households. The decision to own a home is one of the most important decisions that families make. Whether owning a home is the right choice for a particular individual (or family) depends on many factors specific to the individual. However, for those who are willing and financially prepared to undertake homeownership, we look to our financial system to provide access to mortgage credit in ways appropriately tailored to each borrower's needs.
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BANK OF AMERICA NAMES IAN O'DOHERTY AS EUROPE CARD SERVICES EXECUTIVE
Chester, UK, - Bank of America Global Consumer Credit President, Bruce Hammonds, today announced the appointment of Ian O'Doherty as Europe Card Services Executive. He will have responsibility for the Card Services businesses in Ireland, United Kingdom and Spain, and will oversee expansion efforts into other European markets.
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JOB OUTLOOK CONTINUES TO WORSEN
NEW YORK - The outlook for the nation's battered labor market continues to worsen, according to a leading business research organization.
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YELLEN WARNS U.S. COULD HIT ANOTHER ROUGH PATCH
SAN FRANCISCO - The fragility of the U.S. housing and bank system could further throw a kink in financial markets before an anticipated recovery in 2009, said San Francisco Federal Reserve President Janet Yellen on Monday, with commodities presenting their own set of troubles.
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DISCOVER OPENS IT SUBSIDIARY IN CHINA
US card scheme Discover has opened a new IT facility in China to support its data analysis and modelling operations.
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EXPERIAN ANNOUNCES NEW GENERAL MANAGER FOR DATABASE BUSINESS
Experian®, the global information services company, is proud to announce the hiring of Joseph M. Paulsen as senior vice president and general manager of its Integrated Marketing Services (IMS) business. Joe's responsibilities include leading the strategic direction of IMS by leveraging Experian's vast data resources which provide marketers with a better understanding of their best customers, the ability to find new prospects, forecast new locations and markets, and measure marketing value.
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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 | $2,608,684.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?567
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,808,974.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?566
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$2,119,554.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?565
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
| | Agency | BEACON SERVICES, LLC
410-842-1060
| | Debt Buyers | CREDIT CORP GROUP
+617417948961
| | Scoring/Scrubbing | SCORE STATISTICAL CONSULTING
4168610202
| | Skip Tracing | CREDIT CORP GROUP
+617417948961
E3 INTELLIGENCE
877-868-7003
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Industry Events
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NACTT 43rd Annual Meeting
National Association of Chapter 13 Trustees
San Francisco Marriott
San Francisco, CA
July 9 - 12, 2008
More Information
ACA International 69th Annual Convention & Expo
ACA International
The Westin Diplomat Resort & Spa
Hollywood, FL
July 23 - 26, 2008
More Information
Debt Connection Symposium & Expo 2008
Resource Management Services, Inc.
San Diego Marriott Hotel & Marina
San Diego, CA
September 3 - 5, 2008
More Information
2008 Home Equity Lending Conference
Consumer Bankers Association
Hilton Austin
Austin, TX
September 7 - 9, 2008
More Information
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