COURT PROHIBITS FINANCE COMPANY FROM UNFAIR AND DECEPTIVE COLLECTION TACTICS
Under the terms of a federal court order announced by the Federal Trade Commission today, a finance company that the Commission charged with unfairly collecting on equipment leasing contracts and misrepresenting consumers' obligations to pay cannot engage in similar conduct in the future.
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| ARKANSAS SUPREME COURT DECLARES CHECK CASHERS ACT UNCONSTITUTIONAL
The Arkansas Supreme Court yesterday declared the Check-Cashers Act "Unconstitutional in its entirety." The court held that the Check-Cashers Act "clearly authorizes loans charging usurious rates of interest in contravention of the limits set forth in article 19, section 13, we hold that the Act, in its entirety, clearly and unmistakably conflicts with our constitution and is unconstitutional. We, therefore, reverse the order of the circuit court and remand for entry of an order consistent with this opinion."
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DISCOVER(R) U.S. SPENDING MONITOR(SM) POSTS 6-POINT DROP TO 80.4
RIVERWOODS, Ill.--(BUSINESS WIRE)--Nov. 6, 2008--The Discover U.S. Spending Monitor fell a record six points in October to 80.4 (based off of 100), as consumers' economic confidence reached record lows and views of their personal finances deteriorated.
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NEW OSMA PARTNER OFFERS PROFIT RECOVERY SYSTEM
In an effort to help physician practices resolve outstanding insurance claims and unpaid self-pay balances, the Ohio State Medical Association recently partnered with Transworld Systems, a revenue collection company. OSMA members will have access to Transworld's GreenFlag Profit Recovery product and will receive special pricing with no transaction minimums.
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TRANSUNION REVENUE MANAGER ADDRESSES 'RED FLAGS REGULATIONS'
CHICAGO - As financial institutions and other creditors prepare for the Federal Trade Commission's Red Flags Regulations, requiring, among other things, the implementation of an identity theft prevention program, TransUnion has enhanced its identity verification and authentication tools in its Revenue Manager solution to assist hospitals in complying with these guidelines.
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NEW LAW HELPS FURTHER PREVENT IDENTITY THEFT
Banks around the United States are now complying with a new law stating they must check identification before a customer can make a transaction. The Fair and Accurate Credit Transaction Act (FACT Act) will help bankers prevent identity theft. It went into effect Nov. 1. This law will help businesses and banks send up "red flags" if they suspect identity theft.
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FAIR ISAAC AND INFOSYS TECHNOLOGIES ACCELERATE GLOBAL DELIVERY OF DECISION MANAGEMENT SOLUTIONS
In response to escalating demand for critical decision management tools and applications, Fair Isaac, a leading provider of analytics and decision management technology, is teaming with Infosys Technologies Ltd, a world leader in consulting and information technology services, to leverage its global delivery methodology and integration network.
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JOBS LOST IN 2008: 1.2 MILLION
NEW YORK - The government reported more grim news about the economy Friday, saying employers cut 240,000 jobs in October - bringing the year's total job losses to nearly 1.2 million.
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NO. 1 AUTOMAKER POSTS HUGE LOSS - SAYS IT HAS MADE CASE TO WASHINGTON FOR RESCUE.
NEW YORK - General Motors shook an already embattled auto industry Friday as it reported a huge loss that was much worse than expected and warned it is in danger of running out of cash in the coming months.
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COLLECTION AGENCIES RIDING OUT THE STORM
You won't find many bill collectors twiddling their thumbs these days. But while collection workloads expand as the economy declines, a longer account list hardly spells a profit windfall, agency owners say.
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BETTER BUSINESS BUREAU FIELDS MORE QUESTIONS ABOUT DEBT COLLECTORS
ROCKFORD - As the sour economy squeezes consumers, collection agencies are feeling the pinch, too.
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MORTGAGE COMPANY SETTLES DATA SECURITY CHARGES
A Texas-based mortgage lender has settled Federal Trade Commission charges that it violated federal law by failing to provide reasonable security to protect sensitive customer data.
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PAYDAY LENDER ANNOUNCES OHIO CLOSINGS IN RESPONSE TO VOTE
At least one payday lender is moving quickly to scale back its Ohio operations after Tuesday's vote capping interest rates on the short-term loans.
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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 | MAD COLLECTION AGENCY, LLC
603-357-2922
| | Consultants | FAIRWAY FINANCIAL SOLUTIONS
Ken Hannold
972-869-7659
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LOCATEPLUS
888-746-3463
| | Debt Buyers | CAPIO PARTNERS, LLC
Douglas Sawyer
678-682-3680
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NATIONAL JUDGEMENT RECOVERY
603-357-2922
CAPSTONE FINANCIAL, LLC.
847-780-4742
| | Debt Sellers | WORLDWIDE DEBT EXCHANGE
Mandy L. Silva
866-332-8648
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| | Risk Management/Metrics | LOCATEPLUS
888-746-3463
| | Skip Tracing | LOCATEPLUS
Leeanne Nagle
888-746-3463
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Industry Events
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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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