HOUSE OF CARDS
The New York Times recently reported on page one that credit cards may be the next to go in the financial crisis. Danny Schechter published this similar warning last June in City Beat, a weekly newspaper in Los Angeles.
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NATIXIS ABANDONS PLANS TO SET UP CREDIT-DEFAULT SWAP COMPANIES
Natixis SA, France's fourth-biggest bank, abandoned plans to create two companies selling credit- default swaps.
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GMAC CEASES AUTO LOANS, LEASES IN PARTS OF EUROPE
GMAC Financial Services said Tuesday it is tightening its lending standards in Europe, making it harder for financially-strapped consumers to get loans to buy cars and trucks.
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AMERICA: STILL IN THE DRIVER'S SEAT
The United States is suffering the worst financial crisis since the Great Depression. The nation's reliance on the rest of the world to support its rampant spending is increasing and across the nation Americans are losing their jobs.
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WELLS FARGO RELEASES NEW ONLINE AUTOMATIC BUDGETING TOOL
Wells Fargo & Company (NYSE: WFC) today announced the release of the Wells Fargo Online®My Spending Report with Budget Watch, an expansion of the bank’s free, patent-pending online tool that gives customers a consolidated overview of their personal spending. The enhanced tool helps customers create a budget in as few as two clicks and monitor their progress toward meeting it, providing even more control over their finances.
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DISCOVER FINANCIAL SERVICES REACHES $2.75 BILLION SETTLEMENT AGREEMENT IN ANTITRUST DISPUTE WITH VISA AND MASTERCARD
RIVERWOODS, Ill. - Discover Financial Services (NYSE: DFS) said today that it has reached an agreement with Visa Inc. and MasterCard Inc. in the settlement of a lawsuit seeking damages for practices that suppressed third-party issuing on the Discover Network and the acceptance of its cards.
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KEY CONSUMER MEASURE AT ALL-TIME LOW
NEW YORK (CNNMoney.com) -- A key measure of consumer confidence fell to an all-time low in October as the financial crisis weighed on American household budgets.
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GLOBAL CONNECT OPENS OFFICE IN ARIZONA
The Phoenix-based office allows the telephone voice messaging and notification
services provider to provide personalized sales and service support to customers in the Southwestern United States.
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REGIONAL BANKS GET OVER $18 BILLION
NEW YORK (CNNMoney.com) -- A diverse group of roughly a dozen regional banks announced Monday that they will get more than $18 billion in federal funds under the bailout program aimed at resuscitating the ailing sector.
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AS CREDIT CRUNCH CONTINUES, PERSONAL BANKRUPTCY FILINGS RISE
In 2005, Congress passed a bill aimed at reducing the number of personal bankruptcy filings. But that was before a housing meltdown, a credit crunch and a global economic downturn.
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DEBT BUYER SMALL BUSINESS CARD STUDY BY THE DEBT MARKETPLACE, INC. CONTINUES
The Debt Marketplace, Inc., in conjunction with its sister company, Resource Management Services, Inc. (RMS), continues an innovative joint research project focused on Small Business credit card issues faced by debt buyers in today's financial environment.
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FED BEGINS BUSINESS LENDING PROGRAM
NEW YORK (CNNMoney.com) -- The Federal Reserve started buying so-called commercial paper on Monday to jumpstart a critical but faltering lending market used by banks and big businesses.
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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 | $42,000,000.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?629
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$39,000,000.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?628
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,800,000.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?627
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$4,000,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?626
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,700,000.00 Other
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?625
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$1,800,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?624
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$5,600,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?623
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$3,800,000.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?622
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$4,867,793.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?621
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$402,002,271.00 Telecommunications
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?620
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$8,443,597.00 Credit Cards
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?618
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250
| | Agency | MACKDELL FINANCIAL GROUP, LLC
718-705-7779
| | Debt Buyers | ASSET ACCEPTANCE CAPITAL CORP.
Debbie Everly
586-446-7826
More Information
HSW FINANCIAL RECOVERY, LLC
713-590-4172
| | Skip Tracing | FORENSIC ELUCIDATES / US RESPONSE INVESTIGATIONS
888-315-1113
| | Software | LATITUDE SOFTWARE
Rick Regan
866-396-2599
More Information
|
|
Industry Events
|
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
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| 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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