Archive for October, 2011

Even Debt Collectors Are Struggling In This Economy

Posted on 31. Oct, 2011 by .

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You won’t likely shed any tears over this: Being a debt collector is harder than ever.

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Wells Fargo Cancels Pilot of Monthly Fee for Debit Cards

Posted on 31. Oct, 2011 by .

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Wells Fargo & Company WFC said today it is canceling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.

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First Data Selects VeriFone for Caribbean POS Product Offering

Posted on 31. Oct, 2011 by .

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VeriFone Systems, Inc. PAY, today announced it has been selected by First Data Corporation as the exclusive provider of Class A Point-of-Sale (POS) payment acceptance systems in the Caribbean region.

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Heritage Financial Announces Third Quarter 2011 Results and Declares Cash Dividend

Posted on 31. Oct, 2011 by .

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OLYMPIA, Wash., Oct. 28, 2011 /PRNewswire/ — HERITAGE FINANCIAL CORPORATION (NASDAQ GS: HFWA) Brian L. Vance, President and CEO of Heritage Financial Corporation (“Company” or “Heritage”), today reported net income for the quarter ended September 30, 2011 of $1.84 million compared to net income of $1.71 million for the quarter ended September 30, 2010 and $1.69 million for the linked-quarter ended June 30, 2011. The net income applicable to common shareholders for the quarter ended September 30, 2011 was $0.12 per diluted common share, compared to $0.15 per diluted common share for the quarter ended September 30, 2010 and $0.11 per diluted common share for the linked-quarter ended June 30, 2011.

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TransUnion asked to stop selling credit reports to employers

Posted on 28. Oct, 2011 by .

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If you can’t get hired for a job because of lousy credit, a coalition of advocacy groups is fighting for your right to work.

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U.S. Senator Wants Details on How MasterCard, Visa Use Customer Data

Posted on 28. Oct, 2011 by .

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The chairman of the Senate Commerce Committee asked top executives of Visa Inc. and MasterCard Inc. to detail how the companies collect and use information about customers, following a Wall Street Journal article detailing how the two companies are pushing into the new business of using information based on people’s credit-card purchases for targeting them with ads online.

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Portfolio Recovery Associates Reports Third Quarter 2011 Results

Posted on 28. Oct, 2011 by .

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Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial services company and market leader in the consumer debt purchase and collection industry, today reported results for the quarter ended September 30, 2011.

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Woman Scammed By ‘Debt Collectors’ Threatening Jail Time

Posted on 28. Oct, 2011 by .

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Local officials are advising people to be on the alert for telephone scams after receiving new reports of efforts to swindle residents out of money.

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Debt Firm Is the Target of a Probe Into Practices

Posted on 27. Oct, 2011 by .

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Encore Capital Group Inc., the nation’s largest buyer of consumer debts, said North Carolina regulators launched an investigation of its debt-collection practices.

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ALI Solutions to Present at Financial Services Collections & Credit Risk Conference

Posted on 27. Oct, 2011 by .

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ALI Solutions™ (“ALI”) announces that Tom Miller, president and chief executive officer, will present at the 19th Annual Financial Services Collections & Credit Risk (“FSCCR”) conference taking place at The Cosmopolitan in Las Vegas on November 2-4, 2011.

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