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Wednesday, August 06, 2008
Mid-Week News:
DEBT CONNECTION SYMPOSIUM & EXPO®2008 ROOM BLOCK ENDS AUGUST 9TH!
There are still rooms available at the San Diego Marriott Hotel and Marina for registered attendees of Debt Connection Symposium & Expo®2008. For reservations, call 800-228-9290 and mention Debt Connection Symposium and Expo®2008 or DCS2008. The conference rate is $229 for Single or Double.

Reservations must be made on or before August 9, 2008 to guarantee group room rate, subject to availability. (Rates outside our block will usually be higher. The hotel block is for registered DCS2008 attendees only.)

To reserve your room today please go to http://cwp.marriott.com/sandt/dcs/.

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GOVERNOR PATERSON SIGNS COMPREHENSIVE REFORMS TO ADDRESS FORECLOSURE CRISIS
Governor David A. Paterson today signed into law a critical subprime lending reform bill which directly addresses the mortgage crisis in New York State.
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FAIR ISAAC BLAZE ADVISOR EARNS PRESTIGIOUS INSURANCE INDUSTRY AWARD
Minneapolis, Minnesota - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced that it has received the Innovative Implementation Award from The Association for Co-Operative Operations Research and Development (ACORD), the worldwide insurance industry standards body. The award was announced at the 2008 ACORD-LOMA Insurance Systems Forum in Las Vegas.
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FREDDIE MAC RELEASES SECOND QUARTER 2008 FINANCIAL RESULTS
Second quarter net loss of $821 million, or $1.63 per diluted share, compared to a net loss of $151 million, or $0.66 per diluted share, in the first quarter of 2008.
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MORGAN STANLEY TO ADVISE U.S. DEPARTMENT OF THE TREASURY REGARDING FANNIE MAE AND FREDDIE MAC
Morgan Stanley (NYSE: MS) confirmed today that it has been retained by the United States Department of the Treasury to provide capital markets advice to support the Treasury's responsibilities associated with its new authorities regarding Fannie Mae and Freddie Mac. As part of that assignment, Morgan Stanley will support the Treasury's work to promote market stability and the availability of mortgage credit.
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JUSTICE: HACKERS STEAL 40 MILLION CREDIT CARD NUMBERS
Eleven people were indicted Tuesday for allegedly stealing more than 40 million credit and debit card numbers, federal authorities said.
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FED LEAVES RATES UNCHANGED
NEW YORK - The Federal Reserve left a key short-term interest rate unchanged Tuesday and cited both the risk of a slowing economy and inflation pressures, a sign that the central bank may keep rates steady for the next few months.
read more

GROWTH DRIVEN BY CREDIT AND COLLECTION INDUSTRY CLIENTS TRANSITIONING FROM HARDWARE DIALERS AND IVRS
SAN FRANCISCO - LiveVox Inc., the leading provider of hosted dialer solutions, today announced that use of the company's hosted VoIP Dialer increased 350 percent in the second quarter of 2008.
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SENATOR URGES FED TO TOUGHEN CREDIT CARD RULES
WASHINGTON (Reuters) - The Federal Reserve needs to push harder to protect consumers from credit card abuses, such as hidden fees and interest rates that jump unexpectedly, a senior senator urged on Monday.
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MORTGAGE RULES CHANGES SKEWER SOME SALES
Drake Paul, a pediatrician, entered into a contract at the end of May to sell his two-bedroom, one-bath newly renovated house in Sparks, Nev., for $170,000. The buyer had lender approval, the appraisal was done, and the inspection checked out.
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ASSET ACCEPTANCE CAPITAL CORP. ANNOUNCES SECOND QUARTER 2008 RESULTS
WARREN, Mich. - Asset Acceptance Capital Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off consumer debt, today announced second quarter 2008 results, highlighted by record investments in purchased receivables of $65.3 million and reduced operating expenses of 52.2 percent of cash collections.
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'DEBT MELTDOWN PROGRAM' MARKETERS SETTLE WITH FTC; CHARGED WITH FAILING TO DELIVER PROMISED DEBT REDUCTION SERVICES
Four companies and their principals, Robert and Miriam Lovinger, have agreed to settle Federal Trade Commission charges that they deceptively marketed a "debt settlement" program that failed to provide services they claimed would reduce consumers' debt.
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CR SOFTWARE RELEASES ENHANCED CUSTOMER PORTAL
CR SOFTWARE RELEASES ENHANCED CUSTOMER PORTAL Fairfax, VA – CR Software LLC (CRS), the leading financial software solutions provider to collections entities, announces today a major upgrade to its CRS Customer Portal.
read more

ENCORE CAPITAL TURNS TO PROFIT IN Q2
Monday, Encore Capital Group Inc. (ECPG: News, Chart, Quote ), a consumer debt management company, reported a profit for the second quarter, which topped analysts' estimate, compared to a loss in the year ago-period on a 4% revenue increase.
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SUNTRUST BANK ACQUIRES THE INSURED DEPOSITS OF FIRST PRIORITY BANK, BRADENTON, FLORIDA
First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver.
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HSBC PROFIT FALLS 28% AS BAD DEBT RISES $10BN
HSBC today abandoned offering car loans to poor and credit-impaired Americans as it revealed the credit crisis wiped a further $10.1 billion (£5.1 billion) from its profits.
read more

PAULSON TAPS MORGAN STANLEY FOR FREDDIE, FANNIE ADVICE
The Treasury Department retained Wall Street's Morgan Stanley on Tuesday to advise it on its new authority to prop up troubled mortgage financiers Fannie Mae and Freddie Mac.
read more

WELL-ESTABLISHED CHECK CASHING ORGANIZATION CHOOSES IAT TO BOOST AGENT
Salt Lake City, UT - PLS Financial Services is trying a new recipe for success in collections this summer by adding IAT's site-premised dialer CT Center to the mix.
read more

LOOMING JOB CUTS MARCH ON - REPORT
NEW YORK - The nation's employers continue to put jobs on the chopping block at a steep rate as the economy struggles, according to a new report.
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
$3,649,296.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?576  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$2,179,832.00     Consumer Loans
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?575  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

Agency
NETQUEST RECOVERY SERVICES, INC.
Russel French
877-300-9297
More Information

Payment Processors
AUTOSCRIBE CORPORATION
Christopher McClinton
800-345-7243
More Information

Industry Events
10th Annual Conference - Blazing New Trails
African-American Credit Union Coalition
Hyatt Regency Hotel
Houston, TX
August 6 - 10, 2008
More Information

THE PRIVACY SYMPOSIUM - SUMMER 2008: PRIVACY IN TRANSITION
THE PRIVACY SYMPOSIUM
Charles Hotel Harvard University
Cambridge, MA
August 18 - 21, 2008
More Information

THE SIXTEENTH NATIONAL HIPAA SUMMIT AT HARVARD - SPECIAL EDITION
Healthcare Privacy and Security Training and Professional Certification
Charles Hotel
Harvard University, Cambridge, MA
August 18 - 21, 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

16th Annual Southwest Bankruptcy Conference
American Bankruptcy Institute
Four Seasons Las Vegas
Las Vegas, Nevada
September 4 - 6, 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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At A Glance Archive 2007 20062005
At A Glance - Wednesday, December 03, 2008
At A Glance - Friday, November 28, 2008
At A Glance - Wednesday, November 26, 2008
At A Glance - Thursday, November 20, 2008
At A Glance - Wednesday, November 19, 2008
At A Glance - Friday, November 14, 2008
At A Glance - Wednesday, November 12, 2008
At A Glance - Friday, November 07, 2008
At A Glance - Wednesday, November 05, 2008
At A Glance - Wednesday, October 29, 2008
At A Glance - Friday, October 24, 2008
At A Glance - Wednesday, October 22, 2008
At A Glance - Friday, October 17, 2008
At A Glance - Wednesday, October 15, 2008
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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