GE CAPITAL REORGANIZES TO FOCUS ON GROWTH, COST SAVINGS
General Electric Co. (GE) plans to bring its financial-services businesses under a common umbrella on Jan. 1, a move the company expects will save $2 billion in 2009.
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WAMU JOB LOSSES COULD TOP 3,000
SEATTLE -- Washington Mutual's new owner, JPMorgan Chase, is expected to lay off thousands of Seattle workers over the next several months as it shifts operations to its New York headquarters and other business centers around the country.
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FINANCIAL ORGANIZATIONS MUST BE FOCUSED, PROACTIVE TO SUCCESSFULLY NAVIGATE REGULATORY ENVIRONMENT IN THE COMING YEAR
MINNEAPOLIS - As U.S. financial organizations plot their course for 2009, many are waiting to see how the federal government will handle the current financial crisis under a new presidential administration. Successful organizations will be those that are not only able to adjust to a changing regulatory landscape, but ones that can also demonstrate they are embracing the letter and the spirit of the law, according to experts at Wolters Kluwer Financial Services, a provider of compliance and operational risk management solutions to financial organizations.
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FDIC ANNOUNCES LOCATION OF TEMPORARY WEST COAST SATELLITE OFFICE
The Federal Deposit Insurance Corporation (FDIC) today announced it will open a temporary office in Irvine, California, to manage receiverships and to liquidate assets from failed financial institutions primarily located in the western states.
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EXPERIAN SHRUGS OFF ECONOMIC WOES
LONDON (Reuters) - Credit information provider Experian posted an 8 percent rise in first-half earnings and said revenue growth rates should hold up in the third quarter, propelling its shares 14 percent higher.
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EBUREAU NAMED TO COLLECTION ADVISOR'S LIST OF TOP 50
ST. CLOUD, Minn. - eBureau, an innovative provider of custom predictive scoring and information solutions, today announced that Collection Advisor, the widely-read collections industry trade magazine, has named the company's collection probability eScoresTM to its distinguished list of top 50 collection technology products for 2008. The announcement was made during the publication's annual conference, TECH'08, at the Loews Royal Pacific, Orlando, FL.
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FRAZEE-VERGAS DISTRICT REFERRING LUNCH DEBTS TO COLLECTION AGENCY
The Frazee-Vergas School District is taking drastic measures because of some bad debts.
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MASS. DELAYS ENFORCEMENT OF DATA SECURITY REGS
The Massachusetts' Office of Consumer Affairs and Business Regulation is postponing the compliance date for its identity theft data security regulations in light of the current economic crisis.
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PAULSON, BERNANKE DEFEND $700 BILLION BAILOUT
Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures.
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TRANSUNION EXPANDS COLLECTION VERTICAL WITH KEY HIRES; DEDICATED FOCUS ON FIRST-PARTY COLLECTIONS
CHICAGO - TransUnion today announced four strategic hires for its collection vertical, providing a dedicated focus into its first-party collection efforts. Scott Carter has joined the company as the division's group vice president.
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CITI SEES CONSUMER CREDIT LOSSES RISING $1 BILLION-$2 BILLION PER QUARTER
NEW YORK - Citigroup Inc. (C) said losses in its consumer loans could rise between $1 billion and $2 billion each quarter from now through the first half of next year, according to Chief Executive Vikram Pandit's speech notes released on the company's Web site.
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REGULATORS: BAILOUT IS WORKING
NEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the $700 billion bailout program was making progress despite increasing criticism of it in recent weeks.
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MRS ANNOUNCES FURTHER EXPANSION PLANS
Cherry Hill, NJ: MRS Associates, Inc. (MRS) announced today a major new hiring initiative that will add 150 new account representatives and managers to the company's existing Accounts Receivables Management Division.
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US GOVT BUYS $159 BN WORTH SHARES IN 30 AMERICAN BANKS
NEW YORK: The US government, under its $700-billion bailout plan, has purchased shares in 30 American banks for a total of over $150 billion, half of which have gone into Citigroup, JPMorgan Chase and Wells Fargo.
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EVEN DEBT COLLECTORS HAVE HIT HARD TIMES
This should be the best of times for America's debt collectors, since never has a society been so in hock. But ironically, much of the debt-collection industry is struggling because there's little cash left to squeeze from strapped consumers.
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OHIO LAWMAKERS DEMAND INFO ON NATIONAL CITY SALE TO PNC
CLEVELAND (AP) - Ohio lawmakers are demanding more information about National City's sale to Pittsburgh-based PNC Financial Services Group.
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TARGET'S PROFIT TUMBLES
NEW YORK (CNNMoney.com) -- Target Corp. reported a nearly 24% decline in third-quarter net income Monday as the weak economy continues to weigh on consumer spending.
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NEW YORK ECONOMIC CONDITIONS DECLINE IN FED SURVEY
Economic conditions in New York continued to deteriorate in November, with a survey of regional manufacturers released Monday coming in at its weakest level in its seven-year history.
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INDUSTRY EXECUTIVE JOINS ACCOUNTS RECEIVABLE MANAGEMENT, INC. (ARM)
ARM an industry leader specializing in collections First party, Third party receivables management, is proud to officially announce the appointment of Robert J Picone, a 25 year industry executive, as its President of Marketing & Business Development.
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ECONOMY WON'T PUT THE BRAKES ON THANKSGIVING TRAVEL OR TRADITION, ACCORDING TO DISCOVER(R) CARD SURVEY
RIVERWOODS, Ill.- Discover(R) Card today released the findings of its second annual Thanksgiving Survey that asks consumers how they plan to spend the holiday. Despite the state of the economy, seven out of 10 respondents, or 70 percent, said they will not cut down on Thanksgiving travel this year.
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FDIC LOSS SHARING PROPOSAL TO PROMOTE AFFORDABLE LOAN MODIFICATIONS
Although foreclosures are costly to lenders, borrowers and communities, the pace of loan modifications continues to be extremely slow (around 4 percent of seriously delinquent loans each month).
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CITIGROUP TO CUT MORE THAN 50,000 JOBS
NEW YORK (CNNMoney.com) -- Citigroup said Monday it planned to cut more than 50,000 jobs, the latest move by the struggling bank to cut costs in order to weather the credit crisis plaguing Wall Street.
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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 | $11,918,975.00 Credit Cards
Oliphant Financial, LLC
http://www.debtconnection.com/portfolio.asp?632
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?250
| | Agency | TRUSTMAN & CO
9312272269
SYNERGETIC COMMUNICATION, INC.
866-503-9755
MACKDELL FINANCIAL GROUP, LLC
718-705-7779
| | Attorney | GORDON & WEINBERG, P.C.
John Engel
484-351-0500
More Information
STEVEN C. FRASER, PA
Steve Fraser
904-622-8897
More Information
TRUSTMAN GROUP
Kaviraj SIngh
9312272269
More Information
THE FORWARDERS LIST OF ATTORNEYS
Gary Tier
800-638-9200
More Information
SYNERGETIC COMMUNICATION, INC.
Mark Savoie
866-503-9755
More Information
THIEBLOT RYAN
Pam Meyers
410-837-1140
More Information
VERIFACTS INC
Stephanie Clark
800-542-7434
More Information
THOMPSON & ASSOCIATES, P.C.
Steven B. Taylor
978-296-5913
More Information
FEIN, SUCH, KAHN & SHEPARD, P.C.
Chad Pedersen
973-538-4700
More Information
STENGER & STENGER, P.C.
Amanda McKendry
616-940-1190
More Information
FUTURE COMPUTER SYSTEMS, INC
John Maenza
800-946-3274
More Information
| | Debt Buyers | CAPITAL ALLIANCE FINANCIAL LLC
616-940-1190
| | Deceased | US CREDIT CORPORATION
800-331-6100
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Industry Events
|
6TH Annual Debt Sales Conference
SCORE STATISTICAL CONSULTING
Old Mill Inn and Spa
Toronto, ON
November 20, 2008
More Information
Financial Services Going Green
SourceMedia, Inc.
Hilton San Francisco
San Francisco, CA
December 2, 2008
More Information
2008 Student Lending Conference
Consumer Bankers Association
Ritz Carlton Pentagon City
Arlington, VA
December 3 - 5, 2008
More Information
20th Annual Winter Leadership Conference
American Bankruptcy Institute
Westin La Paloma Resort & Spa
Tucson, AZ
December 4 - 6, 2008
More Information
Collection Technology Summit 2009
Royal Media Group
Hilton La Jolla Torrey Pines
La Jolla, CA
January 14 - 16, 2009
More Information
14th Annual Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Westin Tabor Center
Denver, CO
January 22 - 23, 2009
More Information
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| At A Glance - Friday, January 02, 2009 |
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| At A Glance - Friday, September 05, 2008 |
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| At A Glance - Friday, August 29, 2008 |
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| At A Glance - Wednesday, August 20, 2008 |
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| 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 |
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| 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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