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STAMFORD, Conn. — GE Money Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE: GE), today announced a multi-year renewal of the Walmart credit card program for Walmart stores in the United States and Puerto Rico, and on walmart.com. Since 1999, GE Money has been Walmart’s credit partner. The partnership started with [...]
WEST PALM BEACH, FL — Ocwen Financial Corporation (NYSE: OCN), a leading servicer of subprime mortgages, supports the Obama administration’s stepped-up effort to address the mortgage crisis through effective loan modifications. Ocwen was one of the first servicers to begin executing loan modifications under the Treasury Department’s Home Affordable Modification Program (HAMP) and one of [...]
Given the dramatic changes in the arbitration landscape, Debt Connection Symposium and Expo™ 2009 has announced the timely addition of a Round Table on Arbitration. “Arbitration – What Will You Do Now?” will be presented by Bev Evancic, Vice President, Resource Management Services, Inc. This session will examine the changing arbitration landscape, including pending litigation [...]
Monarch Recovery Management, which owns and operates Academy Collection Service, today announces the addition of Anthony Mazzacano as their Chief Information Officer. This addition will continue to enhance the service and performance provided by the company. “Anthony has the unique ability to effectively bridge the communication gap between IT and operations while continually enhancing production [...]
ENGLEWOOD CLIFFS, N.J. — Asta Funding, Inc., a consumer receivable asset management and liquidation firm, will report its financial results for the third quarter ended June 30, 2009 on Tuesday, August 4, 2009. Asta Funding, Inc.’s senior executives will hold a conference call for investors on Tuesday, August 4, 2009, at 2:00pm EDT to discuss [...]
Encore Capital Group, Inc. (Nasdaq: ECPG), a debt buyer and ARM firm, reported Thursday an increase in collections, total revenue and earnings for the second quarter of 2009. San Diego-based Encore reported net income of $6.6 million or $0.28 per share in the second quarter of 2009, up slightly from net income of $6.2 million [...]
Despite a rough second quarter and first half, Asset Acceptance Capital Corp. is looking to the future as it prepares to significantly ramp up hiring and debt buying in the second half of the year.
ADEL, IOWA — In his informative new e-book, Skills World’s chief learning officer, Gary Jensen, offers call center management a variety of innovative and creative ideas aimed at increasing employee engagement levels. “Employee turnover costs companies worldwide millions of dollars each year,” Jensen said. “And, it’s an especially big problem for call centers which are [...]
To assist small businesses and other entities, the Federal Trade Commission staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and [...]
IRVINE, Calif. – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2009 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona continued to document the nation’s highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest [...]