Credit Research News - May, 2007

Federal Tax Credit Program Extension Will Benefit First Advantage Tax Consulting Business

The Employer Services segment of First Advantage Corporation , a global risk mitigation and business solutions provider, today announced that the Work Opportunity Tax Credit (WOTC) program

KBR to Present at the 2007 Credit Suisse Engineering and Environmental Services Conference

Credit Suisse Engineering and Environmental Services Conference

Three Credit Unions Select Lending Solutions Inc. for Call Center Services

Partnership Provides Enhanced Customer Interaction, Extended Lending Services for Credit Union Members

Fluor to Present at Credit Suisse Engineering and Environmental Services Conference

Fluor Corporation’s Chief Financial Officer, Mike Steuert, will give a presentation to investors at the Credit Suisse Engineering and Environmental Services Conference in New York on Thursday

Scammers target credit card users

Attorney General Drew Edmondson warned Oklahomans on Wednesday to be on the alert for a possible telephone scam seeking private financial information.

American Airlines Federal Credit Union Names Angela K. Owens President

Key Appointment to Ensure Smooth Transition to Future CEO Position

Aeroflex Inc's 'B' corporate credit rating put on negative watch - S&P

Standard & Poor's Ratings Services said it has put Aeroflex Inc's 'B' corporate credit rating on negative watch

Waste Services Announces Presentations at Credit Suisse and JP Morgan Conferences

Waste Services, Inc. (Nasdaq: WSII) today announced that it will be presenting at the Credit Suisse Engineering & Environmental Services Conference in New York

Credit Crunch May Follow Mortgage Crisis, Warns Study

New mortgage laws that restrict access to certain loans would be an overreaction to the current foreclosure situation and deprive hundreds of thousands of Americans

Amscan's senior secured credit facilities affirmed after 50 mln usd shift - S&P

Standard & Poor's Ratings Services said it has affirmed loan and recovery ratings on Amscan Holdings Inc's 575 mln usd proposed senior secured credit facilities

Wachovia Card Services Reaches Millionth Customer Milestone

Less than a year since Wachovia Corp.'s re-entry into the credit card business, the company today announced it has reached one million credit card customers

International Speedway's credit ratings increased

Standard & Poor's Ratings Services raised its credit ratings for International Speedway Corp. to BBB from BBB-.

Supply Chain Finance with InStream Services

Michigan-based InStream Services (ISS), a provider of supply chain finance solutions, today announced a servicing agreement with the investment banking businesses of Credit Suisse.

Credit Counseling Caps Approved

The legislature has put limits on the amounts credit card counseling services can charge their clients.

Tips to ensure that your business reward credit card really rewards your business

Business reward credit card offer a lot to the small business in terms of savings, cashback, business travel, hotel stay, insurance, protection and other facilities.

CrystalTech Web Hosting Launches New Credit Promotion

CrystalTech Web Hosting introduced a new promotion of up to $200 for customers to use toward a new Microsoft adCenter search marketing campaign

PEOPLE ON THE MOVE

First Community Federal Credit Union announced three staff additions. Edward Case has joined the credit union as business development representative.

Rental Car Insurance: Making Use of Credit Card Benefits

You may not know this, but your credit card provides a lot of additional services in addition to letting you postpone payment

North County business briefs: Generating Contracting to expand services

Starting Friday, Generation Contracting and Emergency Services will offer Bio-Recovery Services, which include crime scene cleanup, decomposition and odor removal, sharps and hypodermic needle recovery and disposal

Credit scores sixth lowest in U.S.

The average credit score in Alabama was the sixth-lowest in the nation last year, meaning a greater percentage of state consumers may face difficulty getting loans

FED FOCUS-Fed nominee may face questions on credit practices

President George W. Bush's nominees made last week for the U.S. Federal Reserve, Larry Klane and Elizabeth Duke, would round out the central bank's board with banking expertise

Experian grows 14% in a year of transition

Experian saw revenues from continuing activities rise by 14% at constant currencies to $3.4 billion, while EBIT rose 16% to $825 million.

New service opens doors for local credit unions

North Star facilitates $6 million in commercial loans in its first six months

Allied Waste to Present at the Credit-Suisse Engineering & Environmental Services Conference

Allied Waste Industries, Inc. , a leading waste services company, announced today that it will participate in the Credit-Suisse Engineering and Environmental Services Conference being held in New York City.

Alliance Data Signs Multi-Year Private Label Credit Card Services Agreement With Top 100 U.S.

Alliance Data Systems Corporation , a leading provider of loyalty and marketing solutions derived from transaction-rich data

Q1 2007 Credit Agricole Earnings Conference Call - Final

Good afternoon, ladies and gentlemen, and welcome to the Credit Agricole first quarter 2007 results conference call.

Credit Card Debt Management – A Management Plan For Your Rescue In Troubled Times

The demand for credit card debt management services is on the rise, just as the number of credit card users is increasing day by day.

Credit services company opens new location

Consumer Credit Counseling Services (CCCS) held a grand opening Wednesday for its second Gwinnett location.

CrystalTech Web Hosting Announces Credit Promotion Of Up To $200 Toward Microsoft adCenter

CrystalTech Web Hosting announces the launch of a new promotion in which customers can receive up to $200 that can be used to start a new Microsoft adCenter search marketing campaign

Credit card refund is sent

I need your help. I received an offer for a credit card from Union Workers Credit Services in Dallas, Texas.

Alliance Data Signs Multi-Year Private Label Credit Card Services Agreement With Furniture Retailer

Alliance Data Systems Corporation (NYSE: ADS) , a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that it has signed a multi-year agreement

American Express Announces a First for Credit Card Industry – Monthly Mortgage Payments

Capitalizing on Attractive, Affluent Cardmember Base, World’s Largest Issuer Offers Convenience and Rewards to Prime Borrowers

Fremont Receives Credit Upgrade

Shares of troubled lender Fremont General Corp. gained more than 23 percent Wednesday after Standard & Poor's Ratings Services said the firm’s decision

More Americans Know Creditworthiness Impacts APR Than Can Name Vice President of United States

More Americans know that their credit history impacts the rate at which they can finance a new car or truck than can name the Vice President of the United States

HSBC Builds Consumer and Commercial Credit Programs for Lumber Liquidators

HSBC Finance Corporation’s card and retail services business has formed a strategic alliance with Lumber Liquidators, the nation's largest direct retailer of hardwood flooring, to grow its credit programs.

AutoTrader.com Launches Credit Center

Feature provides dealers that offer special financing services to in-market, credit-challenged buyers with additional showroom traffic

Security Service Federal Credit Union Selects AT&T for Network Services Upgrade

AT&T Inc. today announced that Security Service Federal Credit Union (SSFCU), one of the leading credit unions in the United States

Credit Monitoring

Government agencies, banks, and businesses have improperly disclosed, and even lost, the personal information of 100 million Americans in the last three years.

American Telecom Services Reports $6.9 Million in Sales for Third Quarter of Fiscal 2007

American Telecom Services Inc. , a provider of converged communications solutions today announced financial results for the third fiscal quarter ended March 31, 2007.

GE Money Expands Lowe’s Credit Card Partnership Through 2016

Furthering its growth strategy, GE Money, the consumer lending unit of General Electric Company (NYSE:GE), today announced that it is the exclusive issuer of the Lowe’s Platinum Visa credit card portfolio

First American CREDCO Partners With CreditXpert

New products now available from mortgage industry's leading consumer credit information provider

Fed Nominee Would Add Expertise On Credit

In nominating Larry Allan Klane to the Federal Reserve Board last week, President Bush reached into the McLean executive suites of one of the nation's largest banks and credit card issuers, Capital One Financial.

U.S. 'working poor' superexploited

'BusinessWeek' warns of impending disaster

Federal credit union to move Melrose branch

Central Minnesota Federal Credit Union will relocate its Melrose branch to a new building this summer.

Hotung Café to undergo a second round of construction starting after Commencement

On the heels of the renovations to the kitchen and serving area of Hotung that were completed last month, the rest of the café will be remodeled this summer.

New farmers may get some seed money

A new public-private loan program may make it easier for beginning farmers to enter their chosen field.

Relentless Canam Credit CEO drives acquisitions

Acquisition of CDA and merger with Rogers Associate Financial Partners announced

Blackstone Acquiring Credit Card Services Firm Alliance Data

Private equity firm Blackstone Group agreed to acquire Alliance Data Systems Corp. for $81.75 per share, which amounts to about $6.43 billion in cash.

Sector Snap: Credit Card Services Rise

Shares of credit card service providers skyrocketed Thursday after Alliance Data Systems Corp. accepted a $6.43 billion offer from Blackstone Group, a private equity firm.

bellwetherreport.com: Market Commentary on Citigroup Inc

Citigroup, Inc., a multibank holding company, provides various financial services to customers in the United States and internationally.

Scholarship deadline is approaching

A May 31 deadline is approaching for applications for Farm Credit Services of Mid-America scholarships.

Debt relief companies must refund $517,000

Attorney General Darrell McGraw announced four debt relief companies have agreed to refund about $517,000 in fees and charges to 366 West Virginia consumers.

Smallcap Stock Newsletter QualityStocks Daily

The QualityStocks Daily Newsletter brings you the latest company News and Profiles featuring the "Top Movers and Shakers" from the Small Cap Market each trading day.

AgHeritage holds day for customers

Customer-owners and other guests joined the AgHeritage Farm Credit Services Searcy staff on Tuesday, May 1

Pentagon Federal Credit Union Extends Contract and Upgrades Infrastructure With AT&T

Highly Scalable, Cost-Effective and Secure Solution Delivers Expanded Capabilities

City backs community camaraderie

Do you ever wonder who the people are in your neighborhood? Rensselaer resident Mike Spangler does and that is why he and many of his neighbors plan to throw a Charles Street Block Party on May 27.

Consumer Portfolio Services Announces Withdrawal of LLCP Secondary Offering

Consumer Portfolio Services, Inc. (Nasdaq:CPSS) announced today that it has requested withdrawal of its Form S-3 registration statement originally filed June 27, 2006.

Bill would cut credit card costs

Federal legislation proposed Tuesday would outlaw some credit-card billing and interest-rate practices that critics say confuse consumers and can push them deeper into debt.

Missouri credit union to absorb local one

A Wichita credit union that was declared insolvent four months ago will be merged into a Joplin, Mo.-based credit union with Kansas ties, credit union officials said Tuesday.

Wachovia Celebrates 10 Years of Service in Russia

Company Marks Anniversary of Leading Correspondent Banking and Trade Services Franchise in Russia

Local wins scholarship

Caroline H. Beavers of Searcy was one of 10 students to be awarded a $500 scholarship from AgHeritage Farm Credit Services.

Mori Luggage & Gifts Leverages MegaPath VPN Services for Secure Credit and Debit Card Processing

MegaPath, the leading provider of Virtual Private Network (VPN) solutions and other managed IP services to businesses nationwide, today announced that Mori Luggage & Gifts has deployed MegaPath's Internet

Neighborhood Housing Services Of America Announces $2 Million Grant From Wachovia Foundation

Neighborhood Housing Services of America (NHSA) has received a $2 million grant from the Wachovia Foundation.

University of Michigan Credit Union Launches Identity Theft Education and Resolution Services

Program Protects Members Against America’s Fastest Growing Crime

GE Antares Provides $118MM Senior Secured Credit Facility for Leading Manufacturer and Marketer

GE Antares Capital and its sister business, GE Healthcare Financial Services, today announced the closing as administrative agent of a $118 million senior secured credit facility to support the acquisition of The Hygenic Corporation by Cortec Group Fund IV

Businesses warned of Internet credit card scam

Northern Territory businesses are being urged to be on the look out for a credit card scam.

No matter your ?eld, go for scholarships

With the end of the school year just around the corner, it’s likely that many graduating high school seniors already have set plans for their future.

Credit freeze gives consumers control over identity theft risk

Last month, we learned that Dallas-based Affiliated Computer Services lost a compact disc containing names, birth dates and Social Security numbers of 2.9 million Georgia citizens ...

Do You Need Efficient Credit Card Processing Services?

Advanced Merchant Services - Efficient Credit Card Processing and merchant Services

The hard truth about easy credit

It used to be that low-income consumers didn't stand a chance of getting a loan.

Movers & Shakers

Northeast Credit Union (NECU) announces that its new branch in Lee is now open to serve the community.

Simplifying auto financing

RouteOne LLC has four prominent owners and one basic mission. Based in Farmington Hills, RouteOne offers car dealers across the United States easy access to financing for new and used vehicles.

DSM Desotech wins safety/health/environment award

Chemical coatings supplier DSM Desotech Inc., at 1122 St. Charles St. in Elgin, has been named winner of its parent company's award for top performance in the areas of safety, health and environment.

Looking for debt help?

Aileen Pendleton has held a steady job at Sam's Club in Greensboro for 15 years .

S&P Lowers J.B. Hunt Credit Rating

The credit agency Standard & Poor's Ratings Services lowered its rating on J.B. Hunt Transport Services Inc.

Wake Technical Community College Names Vice President of Curriculum Education Services

Dr. Stephen Scott, president of Wake Technical Community College, has named Bryan Ryan as Vice President of Curriculum Education Services.

Seven Individuals and Four Companies Indicted for Operating Illegal Credit Card Transaction

Defendants Allegedly Provided Services to Disguise Credit Card Charges for Internet Gambling

Credit Card Debt Reduction – Reduce Debts And Creditors’ Calls

Are you stressed out from the constant rise in debts and fall in credit standing? Then, a credit card debt reduction program can give you some relief.

S&P upgrades Remington's credit rating

Corporate credit watchdog Standard & Poor's Ratings Services upgraded Remington Arms Co. Inc.'s credit rating to B- from CCC+.

Sub-Prime Woes Not Spilling Over To Over Other Credit Areas

Below is an excerpt from the first quarter earnings press release of a consumer lender that serves lower end customers, including some who would be classified as sub-prime borrowers, but is not involved in the mortgage market:

CIN Legal Data Services Releases Industry's First One-Page Bankruptcy Due Diligence & Compliance

Continuing to develop new & innovative product features, CIN Legal Data Services, a division of Credit Infonet Inc., has announced the release of its one-page Bankruptcy Due Diligence Summary.

State might give credit to parents who adopt

Parents who adopt children could soon see their taxes lowered as a means of helping defray adoption-related expenses.

Basic Energy Services Announces First Quarter Results

Basic reported net income of $22.1 million, or $0.56 per diluted share, for the first quarter of 2007, compared to $19.7 million, or $0.53 per diluted share, in the same period in 2006.

McKinney-based RMCN Credit Services purchases 26,000 sf headquarters in McKinney

RMCN Credit Services purchased and closed on a 26,000 square foot building on more than 2 acres located at 1611 Wilmeth Rd., one block east of U.S. 75 in McKinney.

Media Advisory: Details of Ford Motor Credit Company Presentation at AFSA Conference

Neil Schloss, Ford Motor Company vice president and treasurer, will address fixed income investors in Boston, Mass., on Wednesday, May 16.

United FCS Board Reaches Unanimous Agreement on Association Issues

At a recent board meeting, the Board of Directors of United FCS, ACA, reached unanimous agreement on various issues related to the Association's governance and organizational structure.

Books to Briefcase - Consolidated Credit Counseling Services, Inc. Provides Money Management Tips

Most new grads will have to look for an apartment, possibly a car, and their first real job. Then six months after graduation most student loan repayments start. Talking about a juggling act and an introduction to managing money! Consolidated Credit Counseling Services offers advice.

Insight Financial expands services into Villages area

Almost two years ago Insight Financial Credit Union received permission to offer banking services to Villagers.

Credit Suisse Joins OpenFabrics Alliance

Leading Wall Street Firm Takes a Leadership Role in the Development of an Open-Source, High-Performance Interconnect Software Stack

Chase Donates $38,500 Grant to George Washington University to Support Research for Successful Debt

Grant Is the Second Donation Made by Chase to a Two-Part Study, Titled "Evaluating the Effectiveness of Credit Counseling"

TSA Statement on Credit Monitoring Services

Today the Transportation Security Administration (TSA) announced a benefit package to provide employees and former employees affected

Open Solutions Hosts Successful Credit Union

Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial services providers across the United States, Canada and other international markets

Numerica Credit Union Selects TraceSecurity to Ensure Compliance and to Protect 70,000 Accounts

Vulnerability Assessments, Penetration Testing and Use of TraceSecurity's ASP-Based Compliance Manager Part of Three Year Contract with Numerica

Portfolio Recovery Associates Closes on Expanded $150 Million Credit Line

Expanded Line Is a Component of Previously Announced Capital Structure Optimization Program

ABA commits to credit-card improvements

The American Bankers Association in April pledged the industry’s commitment to working with Congress to make credit cards better for consumers.

Power Financial Credit Union Adds Shared Services To All Miami-Dade County Branches

Area Credit Union Members Able to Make Transactions at Power Financial

PENTAGON-FEDERAL-CREDIT-UNION, one of the best credit unions in the US Posted

PENTAGON-FEDERAL-CREDIT-UNION is one of the largest credit unions in the US with 700,000 members

Exxon Cancels State's Gas Credit Cards

Oil Giant In Tax Dispute With State Of Connecticut

www.RepairMyCreditNow.com Has a New Facility

"Due to explosive growth, the company decided to acquire the additional space. "

Credit Card Debt Consolidation Counseling - Key To Rescue Your Credit

Credit card debt consolidation counseling services are the saviors of the people who have a poor record of maintaining their credit card debts.

Credit reports are free for the asking

I tried calling a free credit-report service to get a free credit report, and I think it’s a fraud because it’s $12.95 if you don’t cancel it in 30 days. Do you have a better number?

Citi expects more Md. jobs despite cuts

About 4 percent of Citi's 5,900 Maryland employees will be cut or moved under a plan for restructuring.

Bob Panzer column Taking control: Manage risk before it overwhelms you

Life is full of risk. Some people manage it and others let it manage their reactions.

Exxon-Mobil cancels state's credit cards amid tax dispute

Exxon Mobil has canceled the Connecticut government's gasoline credit cards as part of a tax dispute with the state.

Mitchell named new FCS customer service rep for Dickson County

Farm Credit Services of Mid-America (FCS) announces the hiring of Abby Mitchell as customer services representative.

Free Credit Card Debt Consolidation – A No Cost Way To Get Relief From Debts

Free credit card debt consolidation is now easily available both online and offline. Several debt consolidation companies offer these services with an objective to help people

Credit for classes offered through college CLEP testing

As the semester comes to an end, and summer and fall schedules are falling into place, those eagerly anticipating graduation may be searching for a shortcut.

Wooing Small Business With Business Credit Cards

A few weeks ago (April 18, 2007), Discover Financial Services launched a new business credit card

ID Theft Prevention Efforts Come Up Short

Some credit-monitoring services that promise to protect consumers from identity theft fall short, Consumer 10's Kevin Landers reported.

Recovering from foreclosure requires patience, fiscal responsibility

Rebounding from a foreclosure can be difficult, but it is possible.

GoldStar Debt Relief Services, Inc., A Company Specialized In Credit Repair Announces its Grand Open

According to the 2006 Federal Reserve statistics report, every American has approximately $8,000 of consumer debt. Concerned consumers who want to settle debts and repair credit scores have a new ally; GoldStar Debt Relief Services, Inc.

Radian CEO to Present at Lehman Brothers Tenth Annual Financial Services Conference in London

Radian Group Inc. (NYSE: RDN), a global credit risk management company, today announced that S.A. Ibrahim, chief executive officer

Fiserv Provides Processing Services to Aequitas Capital’s CarePayment Program

CarePayment offers hospital patients a private-label, interest-free, extended-term finance solution

First South Credit Union Selects Open Solutions COWWW Software

Credit union extends online e-Statement capabilities to attract and grow membership

H&R Block Survey: Many Moms Unaware of Child Tax Credit

More Than 6 in 10 Taxpayers Unsure How Much Valuable Benefit is Worth

Marlin Business Services Corp. Reports First Quarter 2007 Earnings

Marlin Business Services Corp. (Nasdaq:MRLN) today reported net income of $5.0 million for the first quarter ended March 31, 2007

Surcharge-free ATMs for Pa. credit unions

The Pennsylvania Credit Union Association and Co-Op Financial Services, operator of 25,000 surcharge-free ATMs

bellwetherreport.com: Shareholders alert for Merrill Lynch & Co. Inc

Merrill Lynch & Co., Inc., together with its subsidiaries, provides broker-dealer, investment banking, financing, wealth management, advisory, asset management, insurance, lending, and related products and services worldwide.

Home Remodeling Financial Tips from Informa Research Services to Make Everyday Seem Like Earth Day

While homeowners continue to invest their money in improvements to increase the resale value of their existing homes, many are turning toward “green materials” to make their living space more eco-friendly, according to a leading Minneapolis design firm.

Iowa farmers markets lead the nation in food assistance and credit card access

April 23 Fresh fruits and vegetables are not the only things coming into season at this year's Iowa's farmers markets; you can expect a 'bumper crop' of electronic benefit machines which can increase access to market goods.