DebtConnection.com

Industry Directories

Agencies

Associations

Legal Networks / Services

Industry Products

Publications

Software

Training

Industry Services

Contact Solutions / Dialers

Debt Registry

Incentives/Promotions

Risk Management / Metrics

Scoring/Scrubbing

Skip Tracing

Other Information

About DebtConnection.com

Listing Options

Advertising Options

Wednesday, October 15, 2008

Mid-Week Articles:

Subscribe for Free - More Information - Advertising

DEBT BUYER SMALL BUSINESS CARD STUDY ANNOUNCED BY THE DEBT MARKETPLACE, INC.
The Debt Marketplace, Inc., in conjunction with its sister company, Resource Management Services, Inc. (RMS), is pleased to announce an innovative joint research project focused on Small Business credit card issues faced by debt buyers in today's financial environment.

The Debt Marketplace, Inc. was founded in 1994 to give buyers and sellers the resources they need to maximize results and minimize risk. TDM and RMS are conducting this Internet based survey to objectively gather information related to Small Business card programs with the goal of providing the industry with information for effectively managing these portfolios during this time of economic challenge.

Debt Buyers who wish to participate in this study can complete the survey online at https://www.resourcemanagement.com/survey/collrecsurvey/crc/SBCard.htm.

Participants will receive a copy of the compiled results.

For more information, please contact The Debt Marketplace, Inc., at (562) 903-7220 , or by email to Survey1008@ResourceManagement.com.
Click Here for Survey

JPMORGAN CHASE POSTS SURPRISE PROFIT
NEW YORK (CNNMoney.com) -- JPMorgan Chase reported a surprise quarterly profit Wednesday, even as the company suffered a hit related to its purchase of failed savings and loan giant Washington Mutual and took $3.6 billion in writedowns.
read more

WELLS FARGO PROFITS BETTER THAN EXPECTED
NEW YORK (CNNMoney.com) -- Wells Fargo & Co. said Wednesday its third-quarter net income declined due to investment write-downs and higher credit losses, but the results were much better than expected.
read more

RETAIL SALES IN BIGGEST DROP IN 3 YEARS
Retail sales suffered their biggest drop in three years last month, as American households reined in spending amid a tough job market, the financial crisis and falling home values.
read more

FIRST DATA BECOMES FIRST PAYMENT PROCESSOR TO OFFER ALL MAJOR ALTERNATIVE PAYMENT BRANDS THROUGH AGREEMENT WITH CARDINALCOMMERCE
First Data, a global leader in electronic commerce and payment services, and CardinalCommerce Corporation, the worldwide leading provider of payment brands, have joined forces to bring First Data merchants a complete eCommerce solution for authentication programs and alternative payment brands.
read more

TREASURY ANNOUNCES EXECUTIVE COMPENSATION RULES
Washington - The U.S. Treasury Department today announced the development of three programs under the Emergency Economic Stabilization Act and corresponding executive compensation and corporate governance standards. These standards generally apply to the chief executive officer, chief financial officer, plus the next three most highly compensated executive officers. Any firm participating in the following three programs will be required to adopt these standards.
read more

FDIC ANNOUNCES PLAN TO FREE UP BANK LIQUIDITY
The Federal Deposit Insurance Corporation (FDIC) announces a new program-the Temporary Liquidity Guarantee Program-to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.
read more

U.S. TAKES PLUNGE INTO BANKING BUSINESS
WASHINGTON - Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership - putting the world's bastion of capitalism and free markets squarely in the banking business.
read more

BERNANKE: NO QUICK RECOVERY
NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned in a speech Wednesday that the U.S. economy will take some time to recover even if the credit markets return to normal soon.
read more

PSC INFO GROUP ACHIEVES SAS 70 TYPE II CERTIFICATION
VALLEY FORGE, Pa. - PSC Info Group, a worldwide leader in data management, printing and mailing technology and online solutions, announced today that the company has successfully completed the rigorous SAS 70 Type II certification, an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). The SAS 70 process assures PSC Info Group clients that the company meets the highest standards for security and has the appropriate controls and safeguards in place to effectively manage and protect its clients' data.
read more

FEDERAL RESERVE BOARD APPROVES WELLS FARGO'S APPLICATION TO MERGE WITH WACHOVIA CORPORATION
Wells Fargo & Company (NYSE: WFC) said today that the Board of Governors of the Federal Reserve has approved its application to merge with Wachovia Corporation (NYSE: WB) including all its subsidiaries, and the share exchange agreement previously entered into between Wachovia and Wells Fargo.
read more

FDIC INCREASE HELPS SMALL BIZ, BUT LOAN HELP IS CRITICAL
President Bush's announcement Tuesday that the Federal Deposit Insurance Corp. will temporarily do away with its insurance caps and cover all deposits in non-interest bearing accounts was a measure aimed straight at Main Street. But critics say the step doesn't address the most critical problem threatening small businesses: slow sales and a sluggish credit market.
read more

CAN YOU CUT AGENTS, IT, TELCO, CAPX AND PROTECT CLIENT PERFORMANCE? LIVEVOX SAYS YES
SAN FRANCISCO - LiveVox, the leading provider of hosted-dialer solutions, today announced it can arm industry leaders with the tools to survive the crippling economy by delivering complete, real-time visibility into IT and telephony costs, agent productivity and dollars collected.
read more

GMAC FINANCIAL SERVICES STATEMENT ON AUTOMOTIVE FINANCE PURCHASE POLICY
DETROIT - GMAC Financial Services today implemented a more conservative purchase policy for consumer auto financing in the United States as a result of the lack of stability in the global capital and credit markets. The changes include limiting purchases to contracts with a credit score of 700 or above. Additionally, the company will restrict contracts with higher advance rates and longer terms. Last week GMAC also increased by 75 basis points the rate it charges dealers for providing non-incentivized consumer auto financing.
read more

BANCO SANTANDER TO ACQUIRE 75.65% OF SOVEREIGN BANCORP IT DOES NOT CURRENTLY OWN FOR APPROXIMATELY US$1.9 BILLION (€1.4 BILLION
Banco Santander, S.A. (NYSE: STD) and Sovereign Bancorp Inc., ("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), announced today that Banco Santander will acquire Sovereign in a stock-for-stock transaction. Santander currently owns 24.35% of Sovereign's ordinary outstanding shares. The Capital and Finance Committee composed of independent directors of Sovereign requested that Santander consider acquiring the 75.65% of the Company it did not currently own. The Capital and Finance Committee evaluated the transaction and recommended the transaction to the full Board.
read more

UNITED EUROPE OFFERS $2.3 TRILLION
PARIS - Europe put $2.3 trillion on the line Monday to protect the continent's banks, a figure that dwarfs the Bush administration's $700 billion rescue program, in its most unified response yet to the global financial crisis after a stumbling start.
read more

GOVERNMENT TO PUMP BILLIONS INTO BANKS, EXPAND DEPOSIT AND LOAN GUARANTEES.
NEW YORK (CNNMoney.com) -- The federal government on Tuesday announced an extraordinary and historic direct investment in the nation's banks - the biggest bet ever made with taxpayer dollars on the U.S. financial system.
read more

VISA AND MASTERCARD SETTLE DISCOVER LAWSUIT
Discover Financial Services has settled a long running anti-trust lawsuit that accused rivals MasterCard and Visa of blocking access to the bank-issued card market in the US.
read more

FINANCIAL RESCUE PLAN: WHAT'S IN IT
The federal government on Tuesday announced a historic plan to restore confidence in the U.S. financial system and to spur banks to begin lending again more normally - both to each other and to consumers and businesses.
read more

BUREAU OF COLLECTION RECOVERY (BCR) OPENS NEW 225 SEAT CALL CENTER
MINNEAPOLIS - Bureau of Collection Recovery (BCR) announced today the opening of a new 225 seat call center in Willmar Minnesota.
read more

BANK RESCUE PLAN TAKES SHAPE
A top Treasury official on Monday outlined the government's multi-prong effort to bail out the United States financial system and resuscitate the economy, though he offered few details on how the plan will be carried out.
read more

FDIC SIMPLIFIES COVERAGE RULES FOR MORTGAGE SERVICING ACCOUNTS
The FDIC Board of Directors today adopted an interim final rule, effective immediately, to simplify the deposit insurance rules for accounts held at FDIC-insured institutions by mortgage servicers.
read more

MONROE BANK & TRUST ACQUIRES ALL THE DEPOSITS OF MAIN STREET BANK, NORTHVILLE, MICHIGAN
Main Street Bank, Northville, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC approved the assumption of all the deposits of Main Street Bank, by Monroe Bank & Trust, Monroe, Michigan.
read more

NATIONAL BANK ACQUIRES ALL THE DEPOSITS OF MERIDIAN BANK, ELDRED, ILLINOIS
Meridian Bank, Eldred, Illinois, was closed today by the Illinois Department of Financial Professional Regulation-Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC approved the assumption of all the deposits of Meridian Bank by National Bank, Hillsboro, Illinois.
read more

MORGAN SEALS DEAL WITH MITSUBISHI
NEW YORK (CNNMoney.com) -- Morgan Stanley wrapped up plans to sell a part of itself to Mitsubishi UFJ for $9 billion, the two companies said Monday, reviving hopes that the Wall Street firm will be able to survive the credit crisis.
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

$4,564,187.00     Checks
Fairway Financial Solutions LLC
http://www.debtconnection.com/portfolio.asp?612
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3606

$56,100,000.00     Consumer Loans, Credit Cards
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?611
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690

$7,365,529.00     Other
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?610
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$6,626,822.00     Other
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?609
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250

$3,023,059.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?608
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826

Agency

LDG FINANCIAL SERVICES, LLC
678-225-1066

Debt Buyers

FOURSCORE RESOURCE CAPITAL, LLC
Acquisitions Department
952-253-6300
More Information

UNITED BUREAU
508-669-3133

Debt Sellers

FAIRWAY FINANCIAL SOLUTIONS LLC
Ken Hannold
972-869-7659
More Information

Skip Tracing

TRACEDATA, INC.
Matthew L. Johnston
888-316-3083
More Information

Industry Events

Women Advisors Forum-Chicago
American Bankruptcy Institute
The Art Institute of Chicago
Chicago, IL
October 15, 2008
More Information

Distressed Retailed Summit
Infocast
Digital Sandbox
New York, NY
October 16 - 17, 2008
More Information

NARCA 2008 Fall Collection Conference
NARCA
Omni Shoreham Hotel
Washington, DC
October 16 - 18, 2008
More Information

Financial Services Collections Conference
Collections & Credit Risk
Bellagio Hotel and Casino
Las Vegas, NV
October 22 - 24, 2008
More Information

7th Annual BITS/American Banker Financial Services Outsourcing Conference
SourceMedia, Inc.
Westin Alexandria
Alexandria, VA
October 27 - 28, 2008
More Information

Subprime Litigation & Enforcement
American Conference Institute
Millennium Broadway Hotel
New York, NY
October 28 - 29, 2008
More Information

US Hispanic and Latin American Markets: A World of Emerging Opportunities
Credit & Collection Symposium of the Americas
Hyatt Regency Hotel
Miami, FL
October 28 - 30, 2008
More Information

2008 International Insolvency Symposium
American Conference Institute
Hilton Frankfurt
Frankfurt, Germany
October 31, 2008
More Information

Advertise Here

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

At A Glance reports can be expected weekly or biweekly, depending on quantity of news and information to report. You may send this report, in its entirety, to others who may have interest.
Interested parties can also receive a complimentary subscription by registering at http://www.debtconnection.com/signup_ataglance.asp

Fill out your subscription information by clicking the 'Sign up - "At A Glance"' box on the DebtConnection.com homepage.

To unsubscribe use this link: Unsubscribe or send an e-mail to info@debtconnection.com requesting to be removed from the newsletter -- Send from the e-mail that you are subscribed with.

www.DebtConnection.com

At A Glance Archive 2007 20062005

At A Glance - Friday, January 02, 2009

At A Glance - Wednesday, December 31, 2008

At A Glance - Wednesday, December 24, 2008

At A Glance - Friday, December 19, 2008

At A Glance - Wednesday, December 17, 2008

At A Glance - Friday, December 12, 2008

At A Glance - Wednesday, December 10, 2008

At A Glance - Friday, December 05, 2008

At A Glance - Wednesday, December 03, 2008

At A Glance - Friday, November 28, 2008