Archive for November, 2010

ER Solutions Meets Requirements For ISO 27001 Compliance

Posted on 30. Nov, 2010 by .

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Renton, Wash. – ER Solutions, Inc., a Convergent Company, announced today they have met the requirements for becoming ISO/IEC 27001 compliant. For this initiative ERS retained the services of Frazier & Deeter, LLC, Atlanta, GA. F&D conducted a risk assessment in accordance with the guidelines established for improving information security management in an organization, as outlined within ISO/IEC 27001. Their report concludes, “Based on the results, our conclusion is that ERS, as of the date of the risk assessment, has implemented the control objectives and controls outlined in ISO/IEC 27001 and meets the requirements identified in ISO 27002.

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Equifax Study Shows Small Business Bankruptcies Rise and Fall in Select Regions

Posted on 30. Nov, 2010 by .

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ATLANTA, Nov. 30, 2010 /PRNewswire/ — Equifax (NYSE: EFX) today announced the results of its Q3 2010 study on the state of small business bankruptcy – a key indicator of the financial health of business markets across the United States. Analyzing bankruptcy trends among the nation’s more than 24 million small businesses, Equifax found that the Western regions continue to experience economic turbulence with some decrease in bankruptcy rates across select MSA’s in California, Texas and Illinois. While bankruptcies have slowed in some regions, small business economic challenges continue to pressure many areas and impact the pace of recovery in certain markets.

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Heritage Financial Group, Inc. Completes Second Step Conversion and $65.9 Million Stock Offering

Posted on 30. Nov, 2010 by .

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Heritage Financial Group, Inc. (the “Company”) HBOSD, the holding company for HeritageBank of the South (the “Bank”), announced today that it has completed the conversion from a mutual holding company structure and the related public stock offering and is now a stock holding company that is 100% owned by public stockholders. The Company sold a total of 6,591,756 shares of common stock in the subscription, community and syndicated offerings, including 327,677 shares to the Heritage Financial Group employee stock ownership plan.

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J.P. Morgan to Drive Growth of Health Savings Account Business Through New Nationwide Broker Program

Posted on 30. Nov, 2010 by .

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J.P. Morgan Treasury Services, one of the largest administrators of Health Savings Accounts (HSA) in the United States, today announced that it is expanding its nationwide sales drive by launching an HSA broker program. In response to market demand, J.P. Morgan will provide brokers and third party administrators (TPAs) with a dedicated service and support unit. J.P. Morgan currently serves more than 550,000 HSA account holders, supports more than 10,000 employers and manages deposits approaching $1 billion.

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FDCPA and Other Consumer Lawsuit Statistics, November, 1-15, 2010

Posted on 30. Nov, 2010 by .

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Grand Rapids, MI (November 30, 2010) – The following statistics are provided to the ARM industry courtesy of WebRecon LLC.

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Bank of America, GMAC Suspend Foreclosures in Maine

Posted on 30. Nov, 2010 by .

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Nov. 24 (Bloomberg) — Bank of America Corp. agreed it won’t complete foreclosures in Maine and Ally Financial’s GMAC Mortgage unit said it will halt sales of foreclosed homes in the state, Maine Attorney General Janet T. Mills said.

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EOS Group Opens New ARM Company in Ukraine

Posted on 30. Nov, 2010 by .

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Hamburg, Germany and Kiev, Ukraine – From December 2010 on, the EOS Group (www.eos-solutions.com), an Otto Group company, enters the Ukrainian market. The new local company TOV EOS Ukraine offers debt collection and debt purchase to clients in Ukraine.

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Credit Card Delinquencies Continue to Fall to 1999 Levels as More Than 8 Million Consumers Stop Using General Purpose Credit Cards

Posted on 30. Nov, 2010 by .

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CHICAGO – TransUnion’s quarterly analysis of trends in the credit card industry revealed that the national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) decreased to 0.83 percent in the third quarter of 2010, down almost 9.8 percent over the previous quarter. Year over year, credit card delinquencies fell by 24.6 percent.

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Aktiv Kapital Signs Major Debt Buying Deal in Spain

Posted on 30. Nov, 2010 by .

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Aktiv Kapital has today signed a contract with an international financial institution acquiring a non- and semi-performing portfolio in Spain with a face value in excess of €350 million. The portfolio consists of approx. 70,000 accounts. The purchase represents the single largest investment in Aktiv Kapital since 2008.

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Professional Placement Services, LLC Receives 2010 Best of Milwaukee Award

Posted on 30. Nov, 2010 by .

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NEW YORK — For the second consecutive year, Professional Placement Services, LLC has been selected for the 2010 Best of Milwaukee Award in the Collection Agencies category by the U.S. Commerce Association (USCA).

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