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Friday, March 12, 2010
This Weeks Article:
AUTOMATED COLLECTION CONTROL, INC./YOU'VE GOT CLAIMS AND CR SOFTWARE LLC TO HOST TECHNOLOGY SHOWCASES AT DCS2010
DCS2010 is excited to announce Automated Collection Control, Inc./You've Got Claims and CR Software LLC to host Technology Showcases at Debt Connection Symposium and Expo 2010, September 14-16 at the Red Rock Hotel in Las Vegas.
read more

ECONOMIC FALLOUT PROPELS COMMERCIAL, MULTIFAMILY DELINQUENCY RATES
The commercial real estate market continues to be negatively impacted by the economic fallout, and as a result, delinquency rates increased for most commercial/multifamily mortgage investor groups in the fourth quarter of 2009, the Mortgage Bankers Association (MBA) reported Thursday.
read more

REGULATORS SHUT LIBERTYPOINTE BANK IN NYC
Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
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BANK OF AMERICA REPORTS 21,000 PERMANENT HOME AFFORDABLE MODIFICATIONS COMPLETED
CALABASAS, Calif., - Bank of America has completed nearly 21,000 mortgage modifications under the federal government's Home Affordable Modification Program (HAMP), according to the bank's latest monthly progress report to the Department of Treasury.
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RETAIL SALES ROSE IN FEBRUARY
Retail sales rose in February, the government said Friday, surprising economists who expected a decline.
The Commerce Department said total retail sales edged up 0.3% to $355.5 billion last month. Economists surveyed by Briefing.com had anticipated that February sales would drop 0.2%.

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FIRST DATA REPORTS FOURTH QUARTER 2009 REVENUE OF $2.6 BILLION, FULL-YEAR 2009 REVENUE OF $9.3 BILLION
ATLANTA, March 11, 2010 - First Data Corp. today reported its financial results for the fourth quarter and full year ended Dec. 31, 2009.
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DISCOVER FINANCIAL SERVICES ANNOUNCES ACTIONS TO FURTHER ENHANCE LOAN LOSS RESERVE
RIVERWOODS, Ill., Mar 11, 2010 (BUSINESS WIRE) -- Discover Financial Services (NYSE:DFS) today announced that the company will record an increase in reserves of $305 million pre-tax in the first quarter 2010, which brings its reserve coverage to approximately twelve months of losses. This reserve addition results from a new analytical process that enhances management's ability to estimate incurred losses on non-delinquent accounts.
read more

U.K.: CREDIT CARD FRAUD LOSSES DROP 28%
LONDON, ENGLAND - According to data released earlier this week from the U.K. Cards Association, fraud loss on U.K. credit and debit cards dropped 28% in 2009, the first annual decline since 2006, the U.K. Payments Administration reports.
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PHILLIPS & COHEN HIRES NEW SITE DIRECTOR NICK CHERRY
Phillips & Cohen Associates (UK), Ltd., a full service debt recovery agency with headquarters in Manchester, UK announces industry veteran Nick Cherry joining their team as Site Director.
read more

CANADIANS CONTINUE TO USE THEIR DEBIT AND CREDIT CARDS WITH CONFIDENCE, DESPITE CONCERNS ABOUT FRAUD
In support of Fraud Prevention Month, TD Canada Trust provides tips and advice to help Canadians avoid debit and credit card fraud -
read more

COLORADO ATTORNEY GENERAL JOHN SETTLES DEBT COLLECTION SUIT
DENVER (Legal Newsline) - Colorado Attorney General John Suthers has reached a settlement with four law firms, three attorneys and one associated business barring them from violating the state's debt collection and consumer protection laws.
read more

NCCI NOW A CERTIFIED MINORITY OWNED BUSINESS
National Creditors Connection, Inc. has received official designation as a certified Minority Owned Business (MBE), joining 3,600 other leading, national companies (300 in Southern California) who share this special certification.
read more

CONSUMER PROTECTION WEEK SCAM OF THE DAY ALERT: CREDIT REPAIR
Jefferson City, Mo. - Attorney General Chris Koster said today difficult economic times have created profitable opportunities for credit repair scam artists.
read more

ASSET ACCEPTANCE CAPITAL CORP. REPORTS FOURTH QUARTER AND FULL YEAR 2009 RESULTS
WARREN, Mich. - Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced results for the quarter and fiscal year ended December 31, 2009.
read more

GARY MOORE NAMED ASSOCIATE PARTNER AT THE INTELITECH GROUP
Vancouver, Wash. - The Intelitech Group, a business consulting practice and technology solutions provider for the collection industry, today announced the appointment of Gary Moore as Associate Partner.
read more

INTEGRATED ASSET MANAGEMENT CORP. AND INTEGRATED PRIVATE DEBT CORP. ANNOUNCE THAT E. DENNIS MCCLUSKEY HAS JOINED INTEGRATED PRIVATE DEBT
Integrated Asset Management Corp ("IAM") (TSX:IAM) and John Robertson, President and Chief Executive Officer of its wholly-owned subsidiary, Integrated Private Debt Corp. ("IPD") are pleased to announce that on March 1, 2010 E. Dennis McCluskey joined IPD as Chief Risk Officer.
read more

MARILYN COOPER OF FORD MOTOR CREDIT COMPANY TO BE THE KEYNOTE SPEAKER AT CRS2010
Resource Management Services, Inc. is happy to announce Marilyn Cooper of Ford Motor Credit Company to be the Keynote speaker at the Collection and Recovery Solutions 2010 conference, being held at the Four Seasons Hotel, Las Vegas, Nevada, May 5-7, 2010.
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
$17,236,237.00     Credit Cards
PMD Financial Group, LLC
http://www.debtconnection.com/portfolio.asp?858  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4252  

$8,007,684.00     Credit Cards
PMD Financial Group, LLC
http://www.debtconnection.com/portfolio.asp?859  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?4252  

Various     Consumer Loans
Nirvanna Trading
http://www.debtconnection.com/portfolio.asp?857  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?3938  

$3,248,617.00     Payday Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?855  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999  

Agency
FMS INC.
918-581-5437

Bankruptcy
PRO RATA, LLC
847-962-2229

Skip Tracing
TRACKDOWNSERVICES.COM
610-374-2007

Industry Events

2010 Spring Forum & Expo
ACA International
DoubleTree Paradise Valley Resort
Scottsdale, AZ
March 17 - 19, 2010
More Information

14th Annual National Collections & Credit Risk Conference
American Banker
InterContinental Miami
Miami, FL
March 21 - 23, 2010
More Information

Collection and Recovery Solutions 2010
Resource Management Services, Inc.
Four Season Las Vegas
Las Vegas, NV
May 5 - 7, 2010
More Information

NARCA 2010 Spring Conference
NARCA
Grand Hyatt
Washington, D.C.
May 13 - 15, 2010
More Information
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