Collection Recon

JPMorgan Chase Appoints Jeff Urwin as Worldwide Head of Investment Banking

Posted on 30. Jun, 2011 by Collections Recon.

JPMorgan Chase & Co. (JPM), this year’s top adviser on corporate takeovers, appointed Jeff Urwin to be global head of investment banking as it seeks to coordinate operations across regions.

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How Wal-Mart Swiped JPMorgan in $16 Billion Debit-Card Battle

Posted on 30. Jun, 2011 by Collections Recon.

Jennifer Cavallaro’s Twitter feed usually deals with matters like the free-range egg salad she serves at her Beehive Café in Bristol, Rhode Island. On May 17, 2010, she blasted a different message to her followers.

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Fake debt collectors scare victims out of money

Posted on 30. Jun, 2011 by Collections Recon.

I received a phone call from an attorney who said I was delinquent on a payday loan and would be arrested within hours if I didn’t make a payment. He knew my name, address, credit card and bank account names.

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Consumer spending in May weakest in a year

Posted on 29. Jun, 2011 by Collections Recon.

For the first time in a year, Americans have stopped spending more.

Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually dropped 0.1 percent last month, the Commerce Department reported Monday.

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Bankruptcy Certificates to be Provided by Nonprofit Credit Counseling Agency

Posted on 29. Jun, 2011 by Collections Recon.

Debt Management Credit Counseling Corp (http://www.dmcconline.org), a nonprofit charitable organization (“DMCC”), is now providing bankruptcy certificates for the pre-filing counseling and pre-discharge education required under the U.S. Bankruptcy Code. Consumers are not required to pay for the counseling or education course in advance. Open accounts are provided to attorneys to expedite the issuance of bankruptcy certificates for their clients.

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Encore Capital Named One of India’s Best Places to Work

Posted on 29. Jun, 2011 by Collections Recon.

SAN DIEGO, June 27, 2011 /PRNewswire/ — Encore Capital Group, Inc. (Nasdaq:ECPG – News), a leader in distressed consumer debt buying and recovery, has been selected as one of “India’s Best Companies to Work For” by the Great Place to Work Institute, in partnership with The Economic Times. Located outside of New Delhi, Encore Capital’s Indian facility ranked 37th out of the 480 companies that participated in the 2011 survey. In addition to Encore, some of this year’s winners included Google India, Intel Technology India, Marriott Hotels India and AMEX India.

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FMA Alliance Raises More than $500 in Just Two Days to Help Military Veterans

Posted on 29. Jun, 2011 by Collections Recon.

Collingswood, NJ: “I am pleased to support ARMing Heroes because 33,000 U.S. troops are coming home from Afghanistan between now and next summer,” stated Curt Jones, a U.S. Army veteran who served from 1986 to 1990 and has been a collector with FMA Alliance (www.fmaalliance.com) since 2007. Why does Curt stand behind FMA’s recent involvement with ARMing Heroes? “ARMing Heroes provides support and encouragement to some of our warriors who may need a little assistance to re-establish themselves in their communities,” Jones said.

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Kenner debt collector booked with theft

Posted on 28. Jun, 2011 by Collections Recon.

A Houma man who owned a Kenner debt collection company has been booked with theft after allegedly collecting more than $65,000 from numerous delinquent accounts and then pocketing the money, Kenner police said.

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Credit Card Collections to Continue

Posted on 28. Jun, 2011 by Collections Recon.

NEW YORK (TheStreet) — A recent decision by JPMorgan Chase(JPM_) to drop more than a thousand credit card debt collection cases has thrown a spotlight on another area of potential trouble for the banking industry.

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Experian Expands Footprint in Healthcare, Acquires Medical Present Value

Posted on 28. Jun, 2011 by Collections Recon.

COSTA MESA, Calif., June 28, 2011 /PRNewswire/ — Experian®, the leading global information services company, today announced that it has signed a definitive agreement to acquire Medical Present Value, Inc. (MPV), a leading provider of revenue cycle management software, data and analytics to more than 75,000 U.S. physicians. Experian’s existing healthcare solutions optimize payments from patients to hospitals. With the acquisition of MPV, Experian now will be able to optimize payments from all revenue sources (including patients, commercial payers and government programs) to both hospitals and physician practices.

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