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Wednesday, March 10, 2010
Mid Week Articles:
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

FTC RELEASES AGENDA FOR FINAL ROUNDTABLE ON CONSUMER PRIVACY
The Federal Trade Commission today released the agenda for its final roundtable on consumer privacy issues scheduled for March 17, 2010, at the FTC Conference Center, 601 New Jersey Ave,. NW Washington DC, 20001. The Roundtable is the last of three public events designed to explore the privacy challenges that are posed by technology and business practices that collect and use consumer data.
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

LOWER CREDIT CARD DEBT TRACED MAINLY TO CHARGE-OFFS
Americans cut more than $93 billion in credit card debt from 2008 to 2009. Good news, right?
read more

DEBT RESOLVE ANNOUNCES SIGNING OF TOP 5 GLOBAL BANK CLIENT
TARRYTOWN, NY - Debt Resolve, Inc. (OTCBB: DRSV) (the "Company"), a leading provider of the proprietary DebtResolve® software to major banks and other businesses with large consumer debt portfolios, announced the acquisition of a major new client, the continuing restructuring of its balance sheet and the completion of further financing.
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EXPERIAN BRINGS AFFORDABLE FRAUD PROTECTION TO SMALL AND MEDIUM-SIZED ENTERPRISES
Costa Mesa, Calif - Experian®, the global information services company, today announced the launch of Fraud ShieldSM Score Plus, a new predictive fraud score designed to provide small to midsize businesses with an effective approach to combat fraud with little to no IT investment or process change.
read more

FIRST DATA RELEASES FEBRUARY 2010 SPENDTREND™
ATLANTA, - First Data Corporation, a global leader in electronic commerce and payment processing, today released its First Data SpendTrend™ analysis for the full month of February 2010 compared to February 2009. SpendTrend tracks same-store consumer spending via credit, signature debit, PIN debit and EBT cards at U.S. merchant locations.
read more

MRS NAMES NEW CHIEF OPERATING OFFICER BILL BARNSHAW
Cherry Hill, NJ: MRS Associates, Inc. (MRS) announced the promotion of Bill Barnshaw to the position of Chief Operating Officer. Mr. Barnshaw joined MRS as Senior Vice President of Analytics and Strategy in August of 2006, after 8 years with Capital One.
read more

GARY D. TURNER JOINS SOUTHWEST CREDIT AS VICE PRESIDENT OF SALES
Carrollton, TX - Southwest Credit Systems, L.P. a national provider of accounts receivable solutions, is proud to announce the addition of Gary Turner to their senior management team. In this role, Gary will develop new business opportunities which directly contribute to the company's overall growth and industry diversification strategy.
read more

FDCPA AND OTHER CONSUMER RIGHTS LAWSUIT STATISTICS, FEBRUARY 16-28, 2010
There were about 463 lawsuits filed under consumer statutes in the second half of February. Here is an approximate breakdown:
read more

EQUIFAX STUDY SHOWS THE UPS AND DOWNS OF COMMERCIAL CREDIT TRENDS
When it comes to commercial credit trends, the story has two plots. According to an Equifax study on Q4 2009 data, there were both improvements and setbacks on the commercial bankruptcy, business failure and delinquency fronts.
read more

LIVEVOX ENHANCES HIGH BALANCE CONTACT SUITE WITH SCHEDULED CALLBACKS
SAN FRANCISCO - LiveVox Inc., the leading provider of hosted-dialer solutions, today announced the ability to schedule and execute account callbacks during dialing campaigns. Although this feature could be used valuable across the continuum of collection portfolios, tools such as scheduled callbacks and the previously announced manual and dynamic preview dialing capabilities allow more targeted approaches for higher balanced accounts.
read more

FORD FINANCE ARM TO CUT 200 JOBS IN FRANKLIN
Ford Motor Credit Co. plans to layoff 200 employees at its business center in Franklin by the end of March as part of a plan to cut 1,000 jobs nationwide this year.
read more

TOTAL DOLLAR VALUE OF AT-RISK AUTO LOANS DROPPED BY 10 PERCENT, ACCORDING TO EXPERIAN AUTOMOTIVE
SCHAUMBURG, Ill. - The total dollar value of at-risk automotive loans fell to $26.58 billion in Q4 2009, a 10 percent drop from $29.58 billion in Q4 2008, according to a quarterly analysis of automotive credit released today by Experian Automotive.
read more

LIFELOCK WILL PAY $12 MILLION TO SETTLE CHARGES BY THE FTC AND 35 STATES THAT IDENTITY THEFT PREVENTION AND DATA SECURITY CLAIMS WERE FALSE
LifeLock, Inc. has agreed to pay $11 million to the Federal Trade Commission and $1 million to a group of 35 state attorneys general to settle charges that the company used false claims to promote its identity theft protection services, which it widely advertised by displaying the CEO's Social Security number on the side of a truck.
read more

ADVANCED COLLECTION SERVICES (ACS) KEEPS WORK LOCATIONS FLEXIBLE WITH IAT'S CT IMPACT HOSTED SERVICES. COLLECTION AGENTS CAN CONTACT ACCOUNTS VIA CT IMPACT FROM ANY LOCATION, WHICH HAS IMPROVED ACS' BOTTOM LINE.
Salt Lake City, Utah - Advanced Collection Services (ACS) keeps work locations flexible with IAT's CT Impact Hosted Services. Collection agents can contact accounts via CT Impact from any location, which has improved ACS' bottom line.
read more

COLLECTION AGENCY TO EXPAND, HIRE 1,200 WORKERS IN OVERLAND PARK
A Denver-based collection agency is expanding in Overland Park and plans to hire 1,200 employees over the next five years.
read more

TOBIAS BOYLAND FACES DECADES IN PRISON
In June of 2009, Tobias Boyland was arrested during raids on 12 area debt collection agencies. The New York State Attorney General's Office was acting on accusations of illegal practices, including harrassment and threats.
read more

DEBT AND THE RECESSION LEAD TO MASSIVE INCREASE IN BANKRUPTCY RATE IN CANADA
The bankruptcy rate in Canada increased by 31% in 2009, the largest increase in recent memory. In 2009 116,381 Canadians filed personal bankruptcy in Canada, and a further 35,331 filed a consumer proposal. That's a total of 151,712 filings, as compared to 115,789 in 2008. These are obviously massive growth numbers, which raises the logical question: why?
read more

CREDIT UNIONS' NET WORTH REMAINS STRONG; SHARES EXPAND, LENDING SLOWS IN 2009
According to call report data released last week by the National Credit Union Administration (NCUA), credit unions finished 2009 with nearly 10-percent net worth. Membership in the nation's 7,554 federally insured credit unions increased to nearly 90 million, and shares grew at a rate of 10.5 percent.
read more

CRISIS LEFTOVERS: FANNIE, FREDDIE FORCE MORE MORTGAGE BUYBACKS
Fannie Mae and Freddie Mac are forcing the nation's biggest lenders to buy back more of the badly-written mortgages that served as a trigger for the financial crisis, and a dash for cash has ensued.
read more

BANK FAILURES ON PACE THIS YEAR TO SURPASS 2009 TALLY
Propelled by a still unfolding commercial real estate loan crisis, bank failures this year are on pace to surpass last year's tally of 140, with 26 institutions seized so far this year by the Federal Deposit Insurance Corp.
read more

FDIC TO PROVIDE QUICK TIPS FOR CONSUMERS OVER THE INTERNET
At any age or stage in life, it's important to stay informed about ways to save and protect your money. The FDIC, in observance of National Consumer Protection Week (NCPW) March 7-13 and its theme of helping people of all ages exercise their consumer rights, announced today that the agency will begin to regularly deliver timely tips on money management on the agency's Web site and through an e-mail subscription service.
read more

A NEW HORIZON CREDIT COUNSELING SERVICES SEE ANNUAL CREDIT CARD FEES RETURNING WITH THE NEW CREDIT CARD ACT IN PLACE
Fort Lauderdale, FL (Vocus) March 8, 2010 -- A New Horizon Credit Counseling weighs in on the new Credit Card Act and what this will mean to consumers.
read more

NCO ANNOUNCES THE EXPANSION OF ITS HEALTHCARE REMITTANCE PROCESSING SERVICE SOLUTION
HORSHAM, PA, 03/04/2010 - NCO Group, Inc. (NCO), one of the nation's largest providers of business process solutions announced the expansion of its Healthcare Remittance Processing Service solution.
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
REVENUE FINANCIAL GROUP, LLC.
256-503-8545

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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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