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Wednesday, November 05, 2008
Mid-Week Articles:
COLLECTION AGENCY/ATTORNEY 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 collection agencies and attorneys in today's financial environment.
read more

GMAC: RESCAP IN DANGER OF FAILING
GMAC Financial Services said today that its Fort Washington subsidiary, Residential Capital L.L.C., is in danger of failing without additional support from its parent.
read more

PLANNED JOB CUTS HIGHEST IN 5 YEARS
October was another awful month for jobs. Two key employment reports released Wednesday showed the largest number of planned job cuts in nearly five years, with private sector jobs falling by the largest amount in nearly seven years.
read more

WELLS FARGO TO LAY OFF FORT MILL WORKERS
FORT MILL, S.C. -- Wells Fargo & Co. will lay off workers at its mortgage center in Fort Mill, the bank confirmed to the Charlotte Observer on Tuesday.
read more

TOM NUSSPICKEL NAMED SVP/CMO AND EQUITY OWNER IN SIMM ASSOCIATES, INC.
NEWARK, DE - SIMM Associates, Inc., a Delaware-based collection agency founded in 1991 by Greg Simendinger, Jeff Simendinger, and Brad Simendinger is pleased to announce that Tom Nusspickel has been named an equity owner of the company.
read more

CR SOFTWARE LLC INTRODUCES TITANIUM ORE LITE
CR Software LLC (CRS), the leading financial software solutions provider to collections entities, is proud to introduce today its latest product, Titanium ORE Lite.
read more

U.S. BANK PROVIDES RECORD $503,912,300 IN SBA LOANS IN 2008
MINNEAPOLIS- U.S. Bank increased its U.S. Small Business Administration (SBA) loan dollar volume total by 3.6 percent for fiscal 2008, according to SBA information.
read more

CONSUMER BANKRUPTCIES IN OCTOBER TOP 100,000
The sagging economy sparked 106,266 consumer bankruptcy filings in October, the first time monthly filings topped 100,000 since the bankruptcy law changed in 2005, the American Bankruptcy Institute said Tuesday.
read more

WWR PARTNER CHUCK PONA ADMITTED TO PRACTICE BEFORE U.S. SUPREME COURT
Weltman, Weinberg & Reis Co., L.P.A. (WWR) is pleased to announce that WWR Partner Charles G. Pona was recently admitted to practice before the United States Supreme Court.
read more

USA FUNDS OUTLINES OPTIONS FOR STUDENT LOAN PAYMENT RELIEF
INDIANAPOLIS - USA Funds® , the nation's leading education loan guarantor, advises student loan borrowers who are having difficulty making their monthly loan payments that they have several options if they need temporary payment relief.
read more

THE OCTOBER 2008 SENIOR LOAN OFFICER OPINION SURVEY
The October 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months.
read more

SERVICE SECTOR SHRINKS TO LOWEST POINT THIS YEAR
The nation's service sector contracted in October, falling to the lowest reading so far this year, according to a survey of industry executives released Wednesday.
read more

GM'S SALES FURTHER COMPROMISED BY TIGHTENING AT GMAC
DETROIT -(Dow Jones)- Troubles at GMAC Financial Services have put General Motors Corp. (GM), which relies heavily on the lender to sell vehicles, at a disadvantage as the auto maker battles sinking sales.
read more

FIRST DATA AND INCOMM MUTUALLY AGREE TO TERMINATE ACQUISITION PLAN
DENVER & ATLANTA - First Data, a global leader in electronic commerce and payment processing services, and InComm, an industry leading marketer and distributor of stored value, gift and prepaid products, announced today that they have mutually agreed to terminate the planned acquisition of InComm.
read more

GLOBAL CONNECT SELECTS PAYMENT VISION TO OFFER PAYMENT GATEWAY SERVICES TO CUSTOMERS OF ITS VOICE MESSAGING SYSTEM
GAITHERSBURG, Md.--(EON: Enhanced Online News)--Global Connect, one of the leading providers of voice messaging and notification services, announced today that its customers will have access to the gateway services of Payment Vision, the popular payment gateway powered by Autoscribe Corp.
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FORRESTER RESEARCH AND SOUNDBITE COMMUNICATIONS TO HOST WEBINAR ON KEEPING CUSTOMERS ENGAGED WITH PROACTIVE COMMUNICATION STRATEGIES
BEDFORD, Mass. - Now more than ever, companies need to focus on controlling their expenses while maintaining a continuous revenue stream. Organizations should look towards proactive customer communications to enable more efficient interactions with customers - allowing faster payments and communicating special offers - while reducing operational costs and improving customer loyalty.
read more

LOCATEPLUS BECOMES AFFILIATE MEMBER OF INTERNATIONAL ASSOCIATION OF CREDIT AND COLLECTION PROFESSIONALS
LocatePLUS Holdings Corp. (Pink Sheets: LPHC), a business-to-business and business-to-government provider of public information located in Beverly, MA, was recently accepted as an affiliate member of ACA International -- the Association of Credit and Collection Professionals -- formerly known as the American Collectors Association.
read more

IAT TO PRESENT FREE WEBINAR ON THE BENEFITS OF USING HOSTED DIALING TECHNOLOGY
Dialing Technology: More Right-Party Contacts = More Money Collected," on Wed. This one-hour webinar will be geared toward anyone anting to know more about hosted predictive dialing and broadcast messaging, and how these services can help them in the collection process.
read more

FIRST DATA SEAMLESSLY TRANSITIONS CHASE PAYMENTECH PORTFOLIO
DENVER - First Data, a global technology leader in electronic commerce and payments, today announced the successful termination of its joint venture, Chase Paymentech Solutions™, with JPMorgan Chase. Both companies now operate separate payment businesses.
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CITI SAYS CREDIT CARD LOSSES MAY RISE THROUGH 2009
NEW YORK (MarketWatch) -- Citigroup said that it lost $1.4 billion in the third quarter from credit card securitizations and that it expects such losses will continue, possibly reaching record levels in 2009.
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CHASE FURTHER STRENGTHENS ROBUST PROGRAMS TO KEEP FAMILIES IN HOMES, INCLUDING SYSTEMATIC REVIEW OF ENTIRE MORTGAGE PORTFOLIO
NEW YORK - Chase today announced it is expanding its already significant mortgage modification program by undertaking multiple initiatives designed to keep more families in their homes, including extending its modification programs to WaMu and EMC customers.
read more

AMERICAN EXPRESS WILL CUT JOBS, IMPOSE HIRING FREEZE
NEW YORK - American Express Co., the largest US credit card company by purchases, will slash 10 percent of its workforce to cut costs amid rising defaults as consumers squeezed by higher unemployment fail to repay their debts.
read more

FAIR ISAAC UNVEILS SUSTAINABLE ENTERPRISE INITIATIVE
Minneapolis, Minnesota, USA - In the firm belief that "going green" is more than a catch phrase, Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, formally announced its Sustainable Enterprise Initiative today. This company-wide program is designed to reduce Fair Isaac's carbon footprint through energy and natural resource conservation, while also delivering operational savings.
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
$306,023.00     Other
Pacific Healthcare Services, Inc.
http://www.debtconnection.com/portfolio.asp?631  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3122  

Agency
PRIVATE EYES INVESTIGATIONS INC.
GLENN STOUT
251-660-8147
More Information

ATHENA RECOVERY SOLUTIONS, LLC
818-518-1138

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

LOCATEPLUS
888-746-3463

Risk Management/Metrics
LOCATEPLUS
888-746-3463

Skip Tracing
LOCATEPLUS
Leeanne Nagle
888-746-3463
More Information

Industry Events
ACA Fall Forum 2008
ACA International
Westin Michigan Avenue
Chicago, IL
November 5 - 7, 2008
More Information

2008 Fair Lending Conference
Consumer Bankers Association
Ritz Carlton Pentagon City
Arlington, VA
November 5 - 7, 2008
More Information

PDG's 29th National Student Loan/Receivables Collection Conference
Professional Development Group II, Inc
Silver Legacy Resort Casino
Reno, NV
November 9 - 12, 2008
More Information

Collection Advisor TECH'08
Collection Advisor Magazine
Loews Royal Pacific
Orlando, FL
November 10 - 12, 2008
More Information

Detroit Consumer Bankruptcy Conference
American Bankruptcy Institute
Troy Marriott
Troy, MI
November 11, 2008
More Information

Buyer / Seller 101
The Debt Marketplace, Inc.
Embassy Suites
Downey, California
November 13 - 14, 2008
More Information

88th New York Meeting
Commercial Law League of America (CLLA)
Sheraton New York Hotel & Towers
New York, New York
November 13 - 16, 2008
More Information

6TH Annual Debt Sales Conference
SCORE STATISTICAL CONSULTING
Old Mill Inn and Spa
Toronto, ON
November 20, 2008
More Information
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Check us out at: http://www.debtmarketplace.com/

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THE DEBT MARKETPLACE, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235

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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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