Archive for July, 2011

MoneyGram International Reports Second Quarter 2011 Financial Results

Posted on 29. Jul, 2011 by .

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DALLAS–(BUSINESS WIRE)– MoneyGram International, Inc. (NYSE:MGI – News), a leading global payment services company, today reported financial results for the second quarter of 2011.

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Marion County rejects bids for court fine collections

Posted on 29. Jul, 2011 by .

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JASPER, Tenn. — Marion County commissioners have rejected bids for court fines collection in an effort to find a better deal.

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FDCPA and Other Consumer Lawsuit Statistics, July 1-15, 2011

Posted on 29. Jul, 2011 by .

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FDCPA and Other Consumer Lawsuit Statistics, July 1-15, 2011
There were about 524 lawsuits filed under consumer statutes in the first half of July 2011. Here is an
approximate breakdown:

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Navy Federal Offers Pay Advances for Active Duty Military & DoD Civilian Employees

Posted on 29. Jul, 2011 by .

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VIENNA, Va., July 27, 2011 /PRNewswire-USNewswire/ — Navy Federal Credit Union, the world’s largest credit union, reaffirmed it’s commitment to advance pay to members with direct deposit who are active duty military and DoD civilian employees in the event of a breach of the debt ceiling August 2.

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TSYS Reports Second Quarter 2011 Results

Posted on 28. Jul, 2011 by .

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COLUMBUS, Ga.–(BUSINESS WIRE)– TSYS (NYSE:TSS – News) today reported results for the second quarter of 2011 with total revenues of $447.6 million, an increase of 3.9% over 2010. Excluding a 2010 termination fee, total revenues were up 6.2%. Basic earnings per share from continuing operations were $0.28, an increase of 10.1% over 2010, and increased 25.4% excluding the 2010 termination fee.

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Ocwen Offering Mortgage Modifications That Restore Equity for Underwater Borrowers but Let Loan Investors Share in Appreciation When Market Recovers

Posted on 28. Jul, 2011 by .

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WASHINGTON, Jul 26, 2011 (GlobeNewswire via COMTEX) — Ocwen Financial Corporation /quotes/zigman/1496154/quotes/nls/ocn OCN -0.84% , servicer of residential mortgages, has initiated a loan modification program designed to help distressed homeowners who owe more than their houses are worth and, at the same time, mitigate the likelihood of “rewarding” borrower delinquency.

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TransUnion: Consumers Made $72 Billion More in Credit Card Payments Than Purchases

Posted on 28. Jul, 2011 by .

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Analysis Contradicts Belief That Balances Have Declined Primarily Because of Charge-Offs

CHICAGO, IL–(Marketwire – Jul 27, 2011) – A new TransUnion analysis found that consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010. This is in contrast to the belief that charge-offs (where creditors write off debt that they deem is uncollectable as a loss) were the primary driver of lower credit card balances.

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ACA International Supports FTC Policy on Collecting Debts of the Deceased

Posted on 28. Jul, 2011 by .

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MINNEAPOLIS, July 26, 2011 /PRNewswire-USNewswire/ — ACA International, the association of credit and collection professionals, supports the Federal Trade Commission’s recently finalized policy statement bringing clarity to the complexities of collecting on a decedent’s debt.

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Experian acquires LM Group (Riskdisk Ltd)

Posted on 26. Jul, 2011 by .

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Experian, the global information services company, announced today that it has acquired LM Group Ltd (“LM Group”), a leading provider of credit information to small to medium enterprises (SME) in the UK.

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ACA International Education Foundation Awards Annual Loomer-Mortenson Scholarships

Posted on 26. Jul, 2011 by .

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Three college bound students have been awarded a total of $5,000 in Loomer-Mortenson scholarships by the ACA International Education Foundation, ACA International’s philanthropic arm.

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