Collections & Credit Risk articles from November 2004

Collections & Credit Risk archives from November 2004

Progress Ahead? Election Year Speculation.
November 1, 2004... This November the dominant topic of conversation regarding the country's political and economic future revolves around the presidential elections on Nov. 2. Because we are publishing this issue of Collections & Credit Risk in mid-October, we...

Letters To The Editor.(Letter to the Editor)
November 1, 2004... Many Advantages To the Editor: I see many advantages to allowing collection firms to recover $120 billion in back taxes. The top three are: 1. Sends a message to the public that these debts must be paid and cannot go unresolved....

Survey Results.(Brief Article)
November 1, 2004... Here's how visitors to Credit & Collections World, Collections & Credit Risk's website, voted on this month's Instant Survey: One of the more significant legislative issues for many collections agencies is the proposal that the Internal...

Credit Scores Misunderstood.
November 1, 2004... Americans are largely ignorant about credit scores, even though these measures of credit risk affect everything from whether they qualify for insurance to the interest charged on mortgages, a consumer group found. A survey of more than...

What's New.(PD Recovery Inc.)(new products in credit card industry)
November 1, 2004... Fair Isaac/London Bridge Integration Fair Isaac Corp., a San Rafael, Calif.-based provider of analytics and decision technology, announces the first product integration initiative resulting from its recent acquisition of London Bridge...

Sallie Mae Buys Arrow.(Arrow Financial Services L.L.C.)(SLM Corp.)
November 1, 2004... Sallie Mae bought a majority interest in Niles, Ill.-based Arrow Financial Services, a debt buyer and accounts receivable management firm. The price wasn't disclosed. Sallie Mae has an option to buy the remaining interest in Arrow over a...

The High Cost of Sarbanes-Oxley: The deadline for Sarbanes-Oxley compliance looms, but many creditors are learning that the true cost of compliance is just beginning.
November 1, 2004... Since the Sarbanes-Oxley Act passed in 2002, publicly held lenders and creditors have scrambled to add the technology needed to help them meet an end-of-year 2004 compliance deadline. As the date nears, they're discovering that the mammoth and...

Fine-Tune Your Business Practices For A Changing Enviroments!(Annual Credit Card Collections Conference)
November 1, 2004... Welcome We are delighted to welcome you - attendees, exhibitors, sponsors, and speakers - to the 13th Annual Credit Card Collections Conference, co-sponsored by Collections & Credit Risk, our website, CreditAndCollectionsWorld.com, and our...

Keynote Speakers.
November 1, 2004... Robert R. Box, Consumer Risk Operations Group Executive BANK OF AMERICA CORPORATION Robert R. Box is the Consumer Risk Operations Group Executive for Bank of America. Consumer Risk Operations (CROG) performs collections, recovery, and...

Agenda.
November 1, 2004... Wednesday, October 20, 2004 3:30 PM - 5:00 PM Industry Specific Town Hall Meetings Each discussion gives participants the opportunity to share their thoughts, ideas, and experiences with a group of peers to discuss the...

Exhibitors.(Illustration)
November 1, 2004... Company Booth Number 1st Credit of America 233 AACA 101 Aargon Collection Agency 401 Absolute Resolutions 340...

Riding OutThe Economy: Credit card issuers retool as the economy improves and rising interest rates present new challenges. What lessons have they learned for future ups and downs?
November 1, 2004... With recoveries on the mend, and bankruptcies and chargeoffs dropping, the economy seems to be in better shape than this time last year. But the question remains whether card issuers learned any lessons from the recent economic slide and...

Collecting from Uncle Sam: Collecting from the federal government is getting easier for firms set up for electronic invoicing. But for those who are not, collecting can be tedious - and it's likely to become more difficult.
November 1, 2004... As anyone who has been in the commercial collections profession for very long knows, collecting from the U.S. government is a unique experience. The process can be fraught with so many challenges that some collections people want to throw up...

WAWF Resources.(Wide Area Work Flow )(Brief Article)
November 1, 2004... If WAWF sounds appealing, but you don't know how to get started, Defense Finance and Accounting Service, the finance and accounting organization of the Department of Defense, has a number of resources to offer. "We are very willing to help...

Washington Report 2004: Legislation in Holding Pattern: From bankruptcy reform to third parties collecting for the IRS, most legislative and regulatory initiatives have been sidelined in an election year. What issues seem primed to make headway now?
November 1, 2004... It's an even-numbered year, following the November election, so that means 'tis the season for a "lame duck" session of Congress - when issues that have languished in a kind of "pre-election limbo" can become unstuck and move forward before...

Funding Student Loans: As Congress ponders reauthorization of the Higher Education Act, debate centers on the pros and cons of consolidation loans. What can be done to prevent depletion of funding for future students?
November 1, 2004... The student loan funding dilemma facing Americans resembles one of those exercises from Philosophy 101 about too many people competing for seats on the lifeboat, and how to decide which ones to save. With the existing federal funds that...

What's the Score in Credit Scoring?: The credit-scoring business has widened its reach in recent years - from moving into new financial fields to going international. What's driving the expansions?
November 1, 2004... The business of credit scoring has been a boom industry the last five years, growing from largely the domain of banks and financial institutions for use in consumer lending decisions to today's widespread use by a wide variety of organizations...

Credit Scoring Vendors (partial list).(Brief Article)(Directory)
November 1, 2004... Predictive Metrics Inc. SCORE Statistical Consulting Scoring Solutions Inc. Sigma Analytics Tele-track Inc. The Intelitech Group TransUnion Location Austin, Texas Princeton, N.J. Lake Bluff, Ill....

Pondering Election Economics: Federal budget deficits and the possible consequences for interest rates are hot topics in this presidential election year. While the winner will have limited financial flexibility, thanks to the deficit, the near-term should see no adverse effects on rates. Why?(Column)
November 1, 2004... The Bush administration tax reforms are helpful to the formation of small businesses, and to the continued health of larger corporation. The decline of the U.S. dollar, in particular, has been helpful to multi-national corporations...