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Credit Research News - June, 2007















HOME :: RESEARCH :: CREDIT :: NEWS :: ARCHIVE

Credit Research News - June, 2007



Plastic replaces passing the plate

Growing number of churches taking credit, debit offerings



Discover takes on challenges as it goes public

Discover Financial Services, the underdog of the four major credit card networks, gets the chance to prove itself a force



Discover Financial Will Go Public Monday

Discover Financial Services, the underdog of the four major credit card networks



Barrier Therapeutics Establishes $12 Million Credit Facility

Barrier Therapeutics, Inc. (NASDAQ: BTRX), a pharmaceutical company that develops and markets dermatology products



High earners can still struggle

The car payment was due. Creditors kept calling. Every single credit card was at its maximum.



Consumer Watch: Report On Credit Monitoring Services -- Overrated

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



Refunds given to Ark. farmers

The four Farm Credit Services Associations (FCS) in Arkansas including AgHeritage Farm Credit Services, Delta ACA



S&P Affirms Best Buy Ratings

Credit-ratings agency Standard & Poor's Ratings Services on Thursday affirmed its ratings on Best Buy Co.



GE Antares Provides $101 Million Senior Credit Facility for a Leading Manufacturer of Wire, Cable

GE Antares Capital today announced it served as administrative agent for a $101 million senior secured credit facility in the recapitalization of NEPTCO Incorporated



S&P Changes Jo-Ann Outlook to Stable

Credit-ratings agency Standard & Poor's Ratings Services on Thursday revised its debt ratings outlook on apparel retailer Jo-Ann Stores Inc. to stable from negative.



Postilion Participates in Symitar's Vendor Integration Program

Postilion to leverage SymConnect interface to deliver enhanced member business services to credit unions



Alliance Data Signs Multi-Year Expansion And Renewal Agreement With Fortunoff

Alliance Data to launch co-brand credit card program; continues providing private label credit card services for leading New York-area retailer of fine jewelry and home furnishings



1st Global Financial Provides San Diego Sports Fishing Merchants with Credit Services and Unique Way

Charitable give-back program proving to be a successful component of financial services company’s pioneering business model.



Capital One to Cut Staff by 6%

Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.



Press Briefing on Health Care by Secretary of Health and Human Services Mike Leavitt

Press Briefing on Health Care by Secretary of Health and Human Services Mike Leavitt and Director of National Economic Council Al Hubbard



Fitch Places Fidelity National Information Services on Rating Watch Negative

Fitch Ratings has placed the following Fidelity National Information Services' (FIS) ratings on Rating Watch Negative:



Citizens Republic Bancorp Announces Second Quarter 2007 Credit-Related Charge

Citizens Republic Bancorp announced that its Audit Committee determined today that the company will record a second quarter of 2007 provision



Wells Fargo, Visa to offer consumers wireless credit card option

Wells Fargo & Co. is looking to give its credit card customers a way to pay for items at stores and restaurants with a wireless device through an agreement with Visa USA.



Montrose Travel and PSCU Financial Services Add Online Booking Capabilities & New Products

Montrose Travel, http://www.montrosetravel.com/, a TOP 50 nationwide, $100 million full-service travel agency headquartered in Los Angeles



Washington State Employees Credit Union Adds AT&T Network Services

AT&T Inc. has announced that the implementation of new reliable network services to support Washington State Employees Credit Union's (WSECU)



Credit Card Debt Services – Services To Get You Out Of Debt

If you want to know more regarding credit card debt services and the basics of the available services then read on.



Romancing the Credit-Card Holder

The next time a credit-card offer comes in the mail, it might be worth looking to see if the terms are any friendlier.



Identity Theft Coverage Gives Carriers the Edge

With help from third-party services, carriers are offering fraud coverage that includes restoration of stolen identities.



U.S. lawmaker: Bear Stearns woes won't cause meltdown

U.S. House Financial Services Committee Chairman Barney Frank told Reuters on Tuesday that subprime mortgage problems forcing a Bear Stearns Cos.



Citi Launches an Exclusive Credit Card, New Citi Chairman American Express Card, to Smith Barney

Citi announced today the launch of a new exclusive credit card, the Citi Chairman American Express Card



Bernanke Stumbles as Lawmakers Bash Fed Over Lending

Federal Reserve Chairman Ben S. Bernanke is a hero on Wall Street; the same isn't true in Washington.



Lending Solutions Expands Loan Services for CommonWealth Central Credit Union

Lending Solutions, Inc. (LSI), a provider of lending center services and consulting programs for financial institutions across North America



Syniverse Technologies Announces Plans to Raise $489 Million of Senior Secured Credit Facilities

Syniverse Technologies (NYSE: SVR), a leading provider of technology and business solutions for the global telecommunications industry



Mortgage Originators Taught to Offer Credit Repair Services

Jamison Law Group has announced the launch of Credit CRM, a business opportunity and an out-of-the-box software solution



OpenLink Announces Newest Version of Findur's Credit Derivative Solution

OpenLink (www.olf.com), a leading provider of cross-asset trading, risk management and operations processing software solutions



Fighting ID Theft Can Cost You Plenty

Consumers are scared into spending money unnecessarily every day. The newest bogeyman is identity theft.



Bear Stearns bails out hedge fund

Bear Stearns Cos. Inc. on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages



Springboard Announces Grant from Chase to Increase Financial Literacy

Springboard Nonprofit Consumer Credit Management announced today it will receive a grant from Chase Card Services



New Hiring Tax Credit Guidelines Increase Appeal To Employers

Recent legislation impacts hiring tax credit programs, expanding their attractiveness to employers



CREDIT RATING: S&P cuts Furniture Brands rating 3 notches

Standard & Poor's Ratings Services cut the corporate credit rating of Clayton-based Furniture Brands International Inc. three notches, dropping it below investment grade.



Bear Stearns Comments on BSAM Structured Credit Strategies Funds and Will Hold a Conference Call

The Bear Stearns Companies Inc. (NYSE: BSC) announced today that it has offered to provide up to $3.2 billion in secured financing to The Bear Stearns High-Grade Structured Credit Fund



Sponsors Enjoy Unique Marketing Boost at Firefighters' Credit Union Conference

Exhibitors promote their products and services through video broadcast to all hotel rooms 24 hours a day throughout the conference.



La Salle University to Provide New Non-Credit Online Courses

La Salle University has partnered with Gatlin Education Services to provide online career training courses.



Credit Suisse Announces the Launch of Advanced PrimeSM

As part of Prime Services offerings, Advanced PrimeSM will give Hedge Funds efficient access to the multi-prime market beyond a single prime technology platform



Home Equity Lines of Credit vs. Credit Cards from Informa Research Services

While both sources of financing – home equity lines of credit and credit cards



Wal-Mart expands financial services

All 11 Wal-Mart stores in the Richmond area will start selling prepaid Visa debit cards that don't require a credit check or bank account, the company said today.



Discover Financial Services Reports Second Quarter Results

Discover Financial Services (NYSE: DFSWI) today reported net income of $209 million for the quarter ended May 31, 2007,



CES Credit Union hosts Business After Hours

A large group turned out to honor the soon-to-be-retired head of CES Credit Union, and to congratulate his successor



House committee to examine inaccurate consumer credit reports

A House committee was expected today to examine factors contributing to errors on consumer credit reports and how individual borrowers can correct such data.



Busy? How valuable is your “free” time?

Before answering that question, consider how much time you set aside for family, friends, shopping, exercising, sporting events or simply watching your favorite television show or movie.



Sage Credit Company Expands Services Through Sage Credit Escrow Company

Sage Escrow Company Serves Needs of Southern California Mortgage Community



PrivacyMatters Launches Identity Theft Blog, MyIdentityTheftExpert.com

Norwalk, CT, USA -- , a leading online destination for credit management and identity theft protection services, selects Neal O’Farrell as Privacy Matters’ Identity Theft Expert and introduces the blog.



Gordon Smith Appointed Head of JPMorgan Chase’s Credit Card

JPMorgan Chase (NYSE: JPM) announced today that it has appointed Gordon Smith to head its Chase Card Services group, effective immediately



Siemens Debt Ratings Upgraded

Standard & Poor's Ratings Services said today that it had removed its 'AA-' long-term and 'A-1+' short-term corporate



Romancing the credit-card holder

Congress is looking hard at how credit-card issuers do business. Issuers are responding with sweeter deals.



Tips For Availing Free Debt Consolidation Services

Availing free debt consolidation services is the best idea for those reeling under a huge debt.



Leading Technology Services Provider to Farm Credit System Organizations Standardizes on Tidal Job

Customer Service Goals Require Single Job Scheduling Solution for Success



What's your best defense?

Nancy White would like to think of the Concord Hospital computer security breach as a learning experience.



Bank Of The Sierra Announces Partnership With Elan Financial Services

Sierra Bancorp (BSRR | charts | news | PowerRating) announced a strategic partnership with Elan Financial Services, a wholly owned subsidiary of U.S. Bancorp



Credit union changeover could affect some services

Change is seldom easy and, when it concerns money, it can be even more difficult. Planning ahead can make change less stressful.



Credit Suisse Inks Deal With Hedge Fund Administrator

Credit Suisse has taken an equity position in Viteos Fund Services to offer its clients fund administration and middle office services



Magellan Health Services "neutral," target price raised

Analysts at Credit Suisse maintain their "neutral" rating on Magellan Health Services Inc (MAH1.BER)



Southwest and Chase renew credit card agreement

Southwest Airlines and Chase Card Services renewed their credit card agreement for the Rapid Rewards Visa Signature product line.



E.ON US 'BBB+' corporate credit rating affirmed with stable outlook - S&P

Standard & Poor's Rating Services said it affirmed E.ON US LLC's 'BBB+' ratings with a stable outlook.



CUBC, Postilion to offer business-services package to credit unions

CU Business Capital LLC and Postilion, a division of S1 Corp., have launched a joint sales and marketing effort to provide Postilion’s Member Business Services solution



New Cultivating Master Farmer Class is Named

Twenty Illinois farmers/couples will comprise the 2007-2009 class of Cultivating Master Farmers (CMF), a program designed to link young



Paychex launches new tax credit service for SMBs

Paychex, Inc. has introduced its new Tax Credit Services, a product that provides small and medium-sized businesses across the United States



DTN Launches New Agriculture Business Blog Minding Ag’s Business

DTN’s newest blog will focus on issues and topics relevant to the business needs of today’s agriculture producers



TransUnion Fights Identity Theft with Credit Monitoring Featuring a Credit Report Lock

Identity Theft protection services continue to evolve in order to provide consumers a higly effective weapon against Identity Theft.



State's credit outlook raised

California's credit rating got a boost Monday when a leading rating agency raised its outlook to "positive," saying the state's budget picture was encouraging.



Debt Consolidation Services – A Friend in Need

Being in debt is nothing new. With Americans getting credit cards as early as 18 years of age, many people land up in debt pretty often.



Regulators, lenders aim to tackle credit mooching

Credit scores have become such a vital part of our lives that some people will do anything to raise theirs.



Press Gaggle by Dana Perino

It's a short flight, and I thought I would just give you some color on the day and then answer any questions you might have.



Bank of Eastern Oregon opens Wallowa County loan office in Enterprise

Bank of Eastern Oregon, based in Heppner, is opening a lending office providing services in the Wallowa Valley.



Wachovia to Hire Nearly 300 Private Bankers

Wachovia, the fifth largest U.S. wealth manager, has named Morrison Creech as managing executive, Private Banking, and announced plans to expand the group’s presence



S&P Upgrades Hercules' Credit Rating

Standard and Poor's Ratings Services on Friday raised its corporate credit rating on Hercules Offshore Inc.



Services that let home buyers piggyback on others' credit concerns industry

Only a low credit score stood between Alipio Estruch and a mortgage to buy a $449,000 Spanish-style house in Weston, Fla., a few miles west of Fort Lauderdale.



Caci Receives $75.6 Mln Task Order For Knowledge Management And Visualization Services

Caci (CAI) announced that it has received $75.6 million task order, under the $19.25 billion U.S. Army Strategic Services Sourcing



Paychex Rolls Out Tax Credit Services

Payroll and benefits outsourcing provider Paychex, Inc. has unveiled Tax Credit Services, a product that provides small and mid-sized businesses



Wachovia To Hire Nearly 300 Private Bankers

Wachovia, the fifth largest U.S. wealth manager, has named Morrison Creech as managing executive, Private Banking,



Credit Suisse Provides Access to Advanced Execution Services and to CrossFinder Pool via Townsend

Latest addition to Townsend's multi-broker order routing network offers access to one of the world's deepest 'dark' pools



Farm Credit hosts customer appreciation event

Farm Credit Services of Mid-America, an $11 billion financial lending cooperative spanning the four states of Kentucky, Ohio, Indiana and Tennessee,



Paychex Launches Tax Credit Services

New product to help businesses find, qualify and apply for state and federal wage-based tax credits



District hires company to collect for services rendered

After several months wrangling over debt collection for emergency services, the South Walton Fire District agreed at Monday’s meeting to contract with Financial Credit Services to assist with EMS billing



TraceSecurity Announces Exclusive Partnership With Credit Union Resources, Inc., a Service Org

TraceSecurity's Data Security Compliance Services Available to League's 600 Not-for-Profit Credit Unions and Their Seven Million



VSoft Corporation Announces Leadership in Credit Union Remote Deposit Capture

Innovative Solutions Serve More Than Forty Percent Share of Credit Union Market



Study: Credit services roiling the industry

Only a low credit score stood between Alipio Estruch and a mortgage to buy a $449,000 Spanish-style house in Weston, Fla., a few miles west of Fort Lauderdale.



AECOM to Present at 2007 Credit Suisse Engineering and Environmental Services Conference

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world



McDermott to Present at the Credit Suisse Engineering & Environmental Services Conference

McDermott International, Inc. (“McDermott”) (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Credit Suisse Engineering & Environmental Services



1st United Services Credit Union Outsources Collections Services to Gila Group

Gila Corporation, through its Gila Group business unit, has signed an agreement with 1st United Services Credit Union to outsource its delinquent accounts.



Truston Offers Discounted Upgrade of ID Theft Protection Services for LifeLock Customers

Truston Helps Victims and Potential Victims of ID Theft Gain Control of their Identity Without Requiring the Disclosure of Personal Information



Sheetz Rewards credit card Blinks into being

US convenience store chain, Sheetz, and Chase Card Services (the credit card division of JPMorgan Chase) have launched an enhanced Sheetz MasterCard with blink (a contactless payment method).



Lending Solutions' Call Center Services Selected by Three Credit Unions

Lending Solutions Inc. (LSI) has been chosen to provide its 24/7 call center services to three credit unions.



Fight Identity Theft With Credit Monitoring Services?

There are many counselors suggesting their clients to resort to credit monitoring services in order to fight identity theft.



Job fair Monday to offer range of work

A job fair from 9 a.m. to noon Monday at the WorkOne Center, 851 S. Marietta St., will offer a range of white- and blue-collar jobs.



USA Federal Credit Union Announces ``Envelope-Free ATM Check Imagin (2º)

Business Wire in San Diego, USA Federal offers a full range of financial services including business services and consumer savings



USA Federal Credit Union Announces ``Envelope-Free'' ATM Check Imaging

USA Federal Credit Union announces San Diego’s first credit union ATMs with “envelope-free”, advanced check imaging technology.



Financing the Big Bill for the Big Day from Informa Research Services

June is again upon us, and with it comes the beginning of the wedding season. The average amount of money spent on weddings has been increasing over the past several years



Shaw to Present at Credit Suisse Engineering and Environmental Services Conference

The Shaw Group Inc. (NYSE:SGR) today announced that J.M. Bernhard, Jr., Chairman, President and Chief Executive Officer will give a presentation to investors and other interested parties at the Credit Suisse Engineering and Environmental Services Conference in New York City



US convenience store chain, Sheetz, and Chase Card Services (the credit card division of JPMorgan

California Water Services Group entered into an unsecured agreement for an up to $75 million revolving line of credit, the company said late Thursday.



Agile development aligns tech, business better

Studies show agile development works, and yet few companies follow its principles.


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