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Wednesday, February 15, 2017
Mid Week Articles:
STUDENT LOAN DEBT COLLECTOR WILL PAY $700,000 FOR UNLAWFUL COLLECTION CALLS IN SETTLEMENT WITH FTC
GC Services, a large debt collector charged with using unlawful tactics to collect on federal student loans and other debts, will pay a $700,000 civil penalty under a settlement with the Federal Trade Commission.
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IT'S 'CODE RED' AS CYBER-SECURITY PROS GATHER
SAN FRANCISCO - Cybersecurity threats are now a household worry, putting the thousands of professionals who flock to the annual RSA cybersecurity conference here in an unusually influential position.
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CORELOGIC REPORTS 21,000 COMPLETED FORECLOSURES IN DECEMBER 2016
IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its December 2016 National Foreclosure Report which shows the foreclosure inventory declined by 30 percent and completed foreclosures declined by 40 percent compared with December 2015.
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HACKER CONVICTED FOR STEALING FROM MORE THAN 100,000 AMERICAN EXPRESS ACCOUNTS
SACRAMENTO, Calif. (AP) - A federal jury in Sacramento has convicted a hacker accused of breaking into more than 100,000 of American Express accounts and handing off funds to Russia.
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PREPARED REMARKS OF CFPB DIRECTOR RICHARD CORDRAY AT THE FINANCIAL LITERACY AND EDUCATION COMMISSION MEETING
Good morning. I am glad to welcome everyone here to the Financial Literacy and Education Commission for our first meeting of the year. The commission continues to be a valuable forum for promoting financial literacy and a catalyst for improving the financial well-being of consumers.
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FTC REPORTS ON 2016 ACTIVITIES TO COMBAT ILLEGAL DEBT COLLECTION PRACTICES
During the past year, the Federal Trade Commission has continued its efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and research and policy initiatives.
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CONSUMERS' BORROWING DECREASES FROM NOVEMBER TO DECEMBER
U.S. consumer credit increased $14.2 billion in December compared to an increase of $25.2 billion in November, according to the Federal Reserve Board's Consumer Credit Report released earlier in February.
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REPEATED AUTOMATED DEBT COLLECTION CALLS ARE A 'CONCRETE INJURY' UNDER SPOKEO, FEDERAL LAW, JUDGE SAYS
A Chicago federal judge has refused to dismiss a suit, brought by a woman against a debt collection company, ruling the woman could have suffered a "concrete" harm when the company allegedly violated the federal Telephone Consumers Protection Act, by repeatedly phoning her after she told them to stop.
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COMMUNITY BANKS HOPEFUL AS LAWMAKERS TARGET FINANCIAL RULES
NEW YORK - Community banks and small businesses are optimistic about changes the Trump administration and Congress have promised to laws that tightened supervision of the banking industry after the 2008 financial crisis.
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PAYTHINK OUTDATED SECURITY IS CAUSING A HOSPITALITY BREACH EPIDEMIC
Data breaches in the hospitality sector are becoming the norm, and outdated security processes in concert with human error are to blame.
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CONSUMER CAR FINANCE VOLUMES UP 8% IN 2016
New business in the point of sale (POS) consumer car finance market grew 12% by value and 8% by volume in 2016.
read more

AT&T, IBM, NOKIA JOIN TO MAKE IOT SYSTEMS SAFER
The group will study vulnerabilities and educate consumers and businesses on how to defend themselves
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Company Announcements, Product Launches and Product Info

ENCORE CAPITAL GROUP ACHIEVES PRESTIGIOUS INTERNATIONAL STANDARDS ORGANIZATION CERTIFICATION
SAN DIEGO, Feb. 15, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (ECPG), an international specialty finance company, today announced it has become ISO 27001:2013 certified as part of its continued efforts to protect consumer information.
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PAYPAL TO ACQUIRE TIO NETWORKS
TIO is a leading multi-channel bill payment processor in North America and processed more than $7 billion USD in consumer bill payments in fiscal 2016.
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CATHAY PACIFIC AND SYNCHRONY FINANCIAL LAUNCH CO-BRANDED VISA CREDIT CARD WITH EXCLUSIVE REWARDS FOR U.S. TRAVELERS
SAN FRANCISCO, CALIF. and STAMFORD, CONN. - U.S. travelers have a new way to experience exclusive flight benefits and rewards with the launchof the first Cathay Pacific Visa and Visa Signature cards issued by Synchrony Bank.
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DCM SERVICES, LLC ANNOUNCES ACQUISITION BY WILSQUARE CAPITAL
MINNEAPOLIS - DCM Services (DCMS), LLC, the industry leader in data and contact management solutions for the estate recovery market, has been acquired by WILsquare Capital, a private equity firm based in St. Louis, Mo. The deal closed January 25 2017, and the purchase price was not disclosed.
read more

ENT CREDIT UNION HAS ITS CRASHER!
COLORADO SPRINGS, CO (February 14, 2017) - Ent Credit Union is pleased to announce that Luke Northam has been selected to attend Crash the Governmental Affairs Conference (GAC) by The Cooperative Trust and Credit Union National Association and represent the Mountain West Credit Union Association!
read more

PEAPACK-GLADSTONE BANK PROMOTES CHIEF OPERATING OFFICER, NAMES REPLACEMENT
Peapack-Gladstone Financial Corp., parent of Peapack-Gladstone Bank, has promoted one C-suite executive and hired another, it announced recently.
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
$210,219.00     Retail
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7747  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$624,087.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7746  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$2,000,560.00     Retail
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7745  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$500,234.00     Medical
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7744  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$2,840,217.00     Credit Cards
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7743  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$1,712,673.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7742  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$956,727.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7741  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$309,856.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7740  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

Attorney
LANSAW CORPORATION
216-855-8762

LAW OFFICE OF KEITH SCOTT LEDERMAN
516-806-4363

MIDWEST DEBT SOLUTIONS
515-528-2364

DEL MAR ASSET SERVICES LLC
619-742-3821

Industry Events

ACA of Texas 69th Annual Conference, Expo & Legislative Summit
ACA International
Crowne Plaza
Austin, TX
February 20, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Courtyard Atlanta Downtown
Atlanta, GA
February 22 - 23, 2017
More Information

ACA International Spring Forum & Expo
ACA International
The Palazzo Las Vegas
Las Vegas, NV
March 13 - 15, 2017
More Information

CALIFORNIA MBA LEGISLATIVE DAY
California MBA
Sheraton Hotel
Sacramento, CA
April 3, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Four Seasons Hotel
Las Vegas, NV
May 8 - 9, 2017
More Information

Collection and Recovery Solutions 2017
Resource Management Services, Inc.
Four Seasons Hotel Las Vegas
Las Vegas, NV
May 10 - 12, 2017
More Information

ICG 2017 Annual Meeting
International Collector's Group
The Ritz Carlton
Montreal, Quebec, Canada
June 18 – 20, 2017
More Information

Collection Management Training
Resource Management Services, Inc.
Residence Inn Atlanta Airport North/Virginia Avenue
Atlanta, GA
June 21 - 22, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Chicago Marriott Southwest
Chicago, IL
July 19 - 20, 2017
More Information

Debt Connection Symposium and Expo 2017
Resource Management Services, Inc.
JW Marriott Starr Pass
Tucson, AZ
September 11 - 13, 2017
More Information
















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