Collection Recon

American Airlines files for bankruptcy protection

Posted on 30. Nov, 2011 by Collections Recon.

DALLAS (AP) — The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.

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Complaint Filed in Class Action for Alleged Violations of the Servicemembers Civil Relief Act

Posted on 30. Nov, 2011 by Collections Recon.

Stamford, CT (PRWEB) November 22, 2011

Attorneys for plaintiff Sergeant Charles Beard have filed a class action complaint that alleges that Satander Consumer USA and Triad Financial Corporation illegally and routinely repossess automobiles belonging to active duty U.S. military personnel without first obtaining a court order, in violation of the Servicemembers Civil Relief Act (SCRA). The complaint, filed in U.S. District Court, Eastern District of California, also alleges that the defendants fail to reduce the applicable interest rate to six percent for any servicemember who provides them with notification under Section 527 of the SCRA. According to Sgt. Beard’s attorney, Sergei Lemberg, “While our sailors, airmen, and Marines are exhibiting unparalleled patriotism and sacrificing so much, unscrupulous companies are stealing their cars. Violating the SCRA is simply unpatriotic.”

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

Posted on 30. Nov, 2011 by Collections Recon.

There were about 536 lawsuits filed under consumer statutes in the first half of November 2011. Here is an approximate breakdown:

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RevSource Solutions Partners with CompuMail to Seamlessly Integrate and Accelerate Online Payments Utilizing RevExpress

Posted on 30. Nov, 2011 by Collections Recon.

Muncie, IN – November 30, 2011– RevSource Solutions, a leader in online personalized payment solutions for the collection industry and healthcare, announced a partnership with CompuMail, a leader in collection letter solutions, to seamlessly integrate customers with RevExpress, increasing and accelerating online payments for collections and early out self-pay. RevExpress’ personalized websites provide a simplified approach for online payments and custom branded websites for customers and their clients.

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HSBC to pay up to $62.5 mln to Madoff investors

Posted on 28. Nov, 2011 by Collections Recon.

LONDON -(MarketWatch)- HSBC PLC , Monday said that HSBC companies defending a class action by investors whose assets were invested with Bernard L Madoff Securities LLC have entered into an agreement to settle the claims against them under which HSBC will pay from $52.5 million up to a maximum of $62.5 million.

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TransUnion: Consumer Credit Risk Declining for Seventh Straight Quarter

Posted on 28. Nov, 2011 by Collections Recon.

CHICAGO, IL–(Marketwire -11/28/11)- TransUnion’s proprietary Credit Risk Index (CRI) declined for the seventh consecutive quarter as consumers continue to pay off their outstanding debt and maintain relatively lower delinquency levels on most of their credit obligations. Compared to one year ago, the CRI for the U.S. decreased 4.9 percent to 120.62.

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TALX Announces Two New Educational Webinars for December

Posted on 28. Nov, 2011 by Collections Recon.

Who:
Subject matter experts from TALX, provider of Equifax Workforce Solutions and a leader in human resource, payroll and tax-related services, along with industry leaders from Kelsey-Seybold Clinic, PDS Technical Services, Sigma Assessment Systems

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Collection Agency To Exhibit at Two Major Lawn Care Industry Events This Fall

Posted on 28. Nov, 2011 by Collections Recon.

(EMAILWIRE.COM, November 23, 2011 ) Marlborough, MA — American Profit Recovery, a collection agency based in Michigan and Massachusetts will be exhibiting at two major lawn care events coming up in the next few weeks, giving them an opportunity to showcase their very affordable and effective solutions for debt collection.

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U.S. Banks Had Most Profitable Quarter Since 2007, FDIC Says

Posted on 28. Nov, 2011 by Collections Recon.

Nov. 22 (Bloomberg) — U.S. lenders had net income of $35.3 billion in the third quarter, their best performance in four years, as loan-loss provisions and net charge-offs declined, the Federal Deposit Insurance Corp. said today.

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Two Professionals Join CBE Group’s Leadership Team

Posted on 28. Nov, 2011 by Collections Recon.

Cedar Falls, Iowa (PRWEB) November 23, 2011

CBE Group (CBE), a leader in the debt collection industry, recently hired two new experts to join CBE’s Leadership Team. Mr. Ryan Schimmel joined CBE as Vice President of Financial Service Operations and brings more than 12 years of industry experience. Mr. Stephen Ogunyemi has been appointed as CBE’s Vice President of Analytic Solutions Group and brings over 16 years of experience and education in the areas of analytics, risk management and project management.

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