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Credit Research News - May, 2008















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Credit Research News - May, 2008



25 Firms With Data On Lost Tape Identified

The missing Bank of New York Mellon computer tape reported last week contained information about nearly 500,000 Connecticut residents



Farm Credit offices to offer free ice cream

To honor the dairy industry, the 91 Farm Credit Services of Mid-America offices have designated Thursday as Dairy Days.



Millions to get free credit reporting services

The settlement involves Transunion, one of the three powerful credit reporting agencies.



The Consumer Credit Counseling Service offers tips for surviving job loss

It’s never a good time to lose your job. However, the current economic environment has resulted in business closures



Card Services for Credit Unions distributes Visa windfall

Roughly 2,600 credit unions nationally will split $28.9 million received by Card Services for Credit Unions following the initial public offering of Visa Inc.



TransUnion settlement could mean free credit reports for millions

The preliminary settlement of a class-action lawsuit against TransUnion Corp. means almost 160 million Americans will be eligible for free monitoring services



TSC Ratings' Upgrades, Downgrades: Delta

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers.



Mid-Illini Credit Union Selects SEDONA MRM Technology and Services

SEDONA® Corporation (OTC Bulletin Board: SDNA - News; www.sedonacorp.com), a leading provider of Customer and Member Relationship Management



S&P raises McDermott to 'BB+' on performance

S&P upgrades McDermott and subsidiaries to 'BB+' with positive outlook, citing '07 performance



Gannett Loses Its S&P 'A-' Credit Rating: Industry Slump Hurting Even Best-Regarded Chains

Standard & Poor's Ratings Services cut Gannett Co. Inc.'s corporate credit rating and senior unsecured debt rating to "BBB+" from "A-,"



S&P lowers Group 1's corporate credit rating

S&P lowers Group 1 Automotive corporate credit rating on tough N. American sales conditions



FTC Nabs Company for Credit Repair Violations

A home-buying consulting business that offers credit repair and home-buying consulting services has agreed to settle with the Federal Trade Commission



Pendum Launches Combined Sales and Service of Kiosk for Shared Branching Credit Unions

Pendum, Inc., the nation's largest independent provider of cash automation and armored transport solutions, today announced that it has launched sales



Credit protection not fail-safe service

Identity theft has topped the Federal Trade Commission's annual list of top consumer complaints for several years running.



MyECheck Partners With Everpay Merchant Services

MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive alternative payment solutions to credit cards



Navy Federal Credit Union Opens Doors to Air Force and Army Personnel

Navy Federal Credit Union announced today the expansion of its field of membership to include all branches of the armed forces.



CEO Valorie Seyfert of CUSO Financial Services, LP Chosen as Finalist in Ernst & Young Entrepreneur

CUSO Financial Services, LP, (CFS) a full-service broker dealer and Registered Investment Adviser that provides customized investment



URS to Present at the Credit Suisse 2008 Engineering & Environmental Services Conference

URS Corporation (NYSE: URS) today announced that the Company will present at the Credit Suisse 2008 Engineering & Environmental Services



Lexington Law Offers Their Leading Credit Report Repair Service From Their New 50,000 Sq. Ft. Campus

Lexington Law, the nation's premier provider of credit repair services, announces their move to a newly completed 50,000 sq. ft. campus in North Salt Lake, Utah.



Fitchburg Federal Credit Union announces new services

Fitchburg Federal Credit Union announced it will provide members with trust, wealth management, and estate planning services



Harland Clarke unveils tool to help banks, credit unions acquire new accounts

Harland Clarke Marketing Services has launched a technology platform that financial institutions can use to acquire new deposit accounts.



My Social Security Number Is ...

None of your business! C'mon, did you really think I'd expose my financial privates to the world?



Bill allows payment for city services by credit cards

Kansans will be able to pay their bills from the city or town where they live by credit or debit card starting in July because of a bill signed by Gov. Kathleen Sebelius.



ID fraud-prevention firm LifeLock hit with customer lawsuits

Class actions charge that company is overstating what it does for subscribers



House Financial Services Subcommittee Reviews Credit-Based Insurance Scoring

The House Financial Services subcommittee on oversight and investigations conducted a hearing entitled "The Impact of Credit-Based Insurance Scoring on the Availability and Affordability of Insurance,"



Credit Crunch Not Hitting IT Spending

A new survey shows the tech industry continues to grow, with more than half those surveyed intending to spend more next year



Genesis Lending Services Expands Options for Credit-Challenged Students in Educational Programs

Expanding the Credit Spectrum in Financing Packages Allows Schools to Admit More Students



Allied Waste's Presentation at the Credit Suisse Engineering & Environmental Services Conference

Allied Waste Industries, Inc. (NYSE: AW), a leading waste services company, announced today that it will participate in the Credit Suisse Engineering & Environmental Services



S&P lowers Mothers Work corporate credit rating

Standard & Poor's Ratings Services lowered Mothers Work Inc.'s corporate credit rating Wednesday due to increased competition and other issues.



Liberty Business Services Delivers Dollars, Direction for Power Sports Retailer

Liberty Business Services recently secured valuable business capital for a local power sports retailer by directing the client’s focus toward development of a sound business plan.



Getting Reluctant Investors to Say Yes

When you raise capital for a startup, you risk rejection. But you can improve your chances, even if you don't have much of a track record



Oceanside church leaves building, moves services

An Oceanside church, which was foreclosed on after enduring an exodus of members and falling behind in its mortgage payments



Hurd Sees No Services Fall Out For HP Partners With EDS Deal

Hewlett-Packard (NYSE:HPQ) Tuesday released second quarter results, but the burning question from the channel was:



FTC unfurls largest-ever telemarketing fraud sweep

The Federal Trade Commission announced massive telemarketing fraud sweep, filing over 180 actions that represent 500,000 victims



Georgia's credit-freeze law goes into effect Aug. 1

Bureaus can't charge more than $3 for service under state's measure



Freddie Mac to Issue $8 Billion in Securities

Freddie Mac, the second-largest U.S. buyer and guarantor of home loans, said it planned to issue $8 billion in new mortgage-backed securities.



Texell Federal Credit Union Selects Goldleaf Web Hosting and Marketing Services

Goldleaf Financial Solutions, Inc. Jennifer-Robyn Meier, 678-336-6540 or Heather Cunningham, 678-264-8011 Goldleaf Financial Solutions Inc.



Credit Doctors Dole out Bad Medicine

Thanks to the credit crunch, lenders only have eyes for borrowers with near-perfect credit — and that comes as welcome news to Edward Jamison.



Experian Launches Business Credit Monitoring System

Experian(R), a global information services company, today announced the launch of Account Monitoring Service(SM),



Credit Card Abuse: To Be Continued?

On March 13, 2008 five credit card consumers were ready to testify at a House Financial Services subcommittee



Leisure Goods & Services

Good timing, an often easier-said-than-done investment goal, was the key to Justin Post's top ranking this year among leisure goods and services analysts.



Specialty Retailers & Services

Investing in for-profit education companies with strong growth prospects was a smart move for Alexander Paris Jr.,



New Consumer Advocacy Group Promises to Assist with Credit and Financial Recovery, Rebuilding

The National Association for Credit Responsibility and Advocacy (NACRA) was founded in 2007 by Luis O. Rodriguez and is headquartered in Coral Springs, Fla.



Big community banks take hits in credit, housing areas

Central Florida's largest community banks have taken a financial bruising this year as the real-estate slump and credit crunch have taken a toll.



Starwood Hotels & Resorts $400 mln senior debt rated 'BBB-' - S&P

Standard & Poor's Ratings Services assigned its 'BBB-' rating to Starwood Hotels & Resorts Worldwide Inc.'s



Post-Subprime Economy Means Subpar Growth as New Normal in U.S.

A normal U.S. economy is likely to look a lot different, and worse, after the credit crisis is over and financial markets settle down.



How credit cards boost gas prices

Card companies take a percentage of sales from stations. As gas prices continue to soar, consumers may have to bear more of the costs.



Bernanke Requests Power to Pay Interest on Reserves (Update3)

Federal Reserve Chairman Ben S. Bernanke asked Congress to give the Fed immediate authority to pay interest on reserves



Fannie Mae Bows to Pressure on Down Payment Standard (Update1)

Fannie Mae, backing down from pressure from homeowner and real estate groups, will allow buyers in markets with falling home prices



Macy’s, Inc. Board Elects Amy Hanson as Senior Vice President for Property Development

Areas of Responsibility to Include Energy Services, Sustainability, Licensed Operations, Purchasing and Foodservice



Addition of credit cards to benefit EMS, residents

Miami County Emergency Medical Services’ move to accept credit cards is a welcome benefit for residents who need or want that flexibility in paying their bills.



Credit Cards Cost, No Matter What

I should have known: Call people suckers and they'll take offense.



Chad Franklin's Legend Suzuki of Kansas City Passes Consumer Credit Compliance Review

Dealership receives commendation from CSC Credit Services for efforts to protect privacy.



Imaging Science and Services, Inc. (ISSI) Streamlines Credit Department Workflow with TEAMS Express

Imaging Science and Services, Inc., will be presenting its sales tax exemption certificate management (ECM) system, TEAMS Express, at the NACM's 112th Credit Congress Exposition.



TEXT-S&P release on Copano Energy LLC

Standard & Poor's Ratings Services today affirmed its 'BB-' corporate credit rating on Copano Energy LLC.



Standard & Poor's affirms HP's credit ratings

Standard & Poor's affirms Hewlett-Packard's credit ratings following EDS deal



Cypress Software Systems Joins the American Financial Services Association

Cypress Software Systems, LP today announced that it has joined the American Financial Services Association (AFSA),



S&P raises Hanesbrands credit rating

Standard & Poor's Ratings Services has raised its corporate credit rating for apparel company Hanesbrands Inc.



Navy Federal Credit Union Selects VINtek for Title Management Services

VINtek, a provider of automotive collateral management services for banks, credit unions and other automotive finance lenders



TEXT-S&P release on SandRidge Energy Inc

Standard & Poor's Ratings Services said today that it assigned its 'B-' rating to SandRidge Energy Inc's (B/Positive/--)



MBIA Shares Rise, Despite Big Loss

Shares of MBIA(MBI - Cramer's Take - Stockpickr) were rising Monday, even after the company posted a $2.4 billion first-quarter loss



Regulators' moves to stop credit card tricks deserves vocal support

Consumers should be applauding and pushing rules proposed by the Federal Reserve and other regulators to rein in some



AgCountry elects directors

Shareholders of AgCountry Farm Credit Services recently elected its board of directors.



Farm Credit Reports Strong First Quarter Earnings

Farm Credit Services of Mid-America, an agricultural lender serving farmers throughout Kentucky, Ohio, Indiana and Tennessee



Credit-card reform: Proposed regulations on lending practices would benefit consumers

Many Americans have nobody but themselves to blame for their credit-card misery.



GARDINER 2 credit unions announce plan to merge

Riverview Federal Credit Union members recently voted to approve a merger with Gardiner Federal Credit Union.



Marilyn Bland of North Garland: Dual credit, multiple purposes

Embracing a new concept or idea is not so easy under the best of circumstances. Doing so when surrounded by troubling situations is much harder.



Credit union forced to move as Wichita VA campus expands

A reshuffling of services at the U.S. Veterans Affairs campus in Wichita is pushing the agency's credit union into uncharted waters.



Online Resources Announces Two Key Internet Banking Wins

Online Resources Corporation (Nasdaq:ORCC), a leading provider of web-based financial services, today announced that National Penn Bancshares



Peak 10 expands credit line to pay for growth

Peak 10 Inc. has amended and expanded its credit facility to $60 million, the company announced.



NW Farm Credit Services posts strong first quarter

Despite huge increases in crop and livestock production costs, the future looks bright for agriculture, given the soaring global demand



S&P cuts Citizens Communications Ratings On Credit Measures

S&P lowers Citizens Communications Ratings To 'BB' Due To Ongoing Weak Credit Measures



Peltz's Trian Is Eying Debt Fund, Sources Say

Activist investor Nelson Peltz's firm is in talks with a group of debt investors at New York-based Trimaran Advisors over some manner of partnership



Charlotte Metro Credit Union expands services

Charlotte Metro Credit Union is expanding its services to include business banking.



TEXT-S&P release on U.S. Auto ABS

In today's credit market, when consumer delinquencies and losses are rising and most economists are predicting a recession



AutoInfo, Inc. Announces Increase in Credit Facility With Wachovia Bank

AutoInfo, Inc. (OTCBB: AUTO), a non-asset based supply chain logistics company, today announced that it has increased its credit facility



Petrohawk Energy's $500 mln notes rated 'B'; 'B+' rating affirmed - S&P

Standard & Poor's Ratings Services said it assigned its 'B' rating to Petrohawk Energy Corp.'s proposed issue of $500 million in 7-year unsecured senior notes



Sector Wrap: Financial services stocks fall

Financial services stocks fall as Paulson forecasts more bumps in the road for credit markets



CIT Provides Line of Credit to CHF Industries

CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it has provided a $50 million revolving line of credit to CHF Industries



A tax credit for home buyers?

Rep. Lee Terry, R-Neb., has what he hopes will prove to be the cure for the country's ailing housing market -- a $10,000 income tax credit for those who purchase a home.



Randolph-Brooks Federal Credit Union extends ATM agreement with PULSE

Randolph-Brooks Federal Credit Union has renewed its agreement with the PULSE ATM/debit network, the financial institution said Wednesday.



CMA Announces MCDX Price Capture and Verification Services

CMA, the credit information specialist, today announced that QuoteVision, its market leading price discovery service for the OTC credit derivatives market,



Fidelity National Information Services Announces Processing Relationship with St.George Bank

Fidelity National Information Services, Inc. NYSE: FIS, the worldwide leader in processing and technology solutions for financial institutions



Ahead of the Bell: Consumer Credit

Government data due out Wednesday is expected to show that the rate of consumer borrowing edged up in March as Americans



US Financial-Services Sector Continues Streak Of Losses

The nation's financial sector isn't out of the woods just yet.



S&P may cut Freddie Mac credit rating on profit concern

S&P may cut Freddie Mac credit rating on concern of increased losses, capital needs



Target trumpets credit card deal, Wall St unsure

Target Corp on Tuesday likened the credit card deal the discount retailer reached with JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to devising a dream



Emergency Medical Services Announces $0.40 Diluted EPS for First Quarter 2008

Emergency Medical Services Corporation (NYSE:EMS) (EMSC or the Company) today announced results for the first quarter ended March 31, 2008.



DIY identity-theft protection: A 12-step program

You don't have to spend $100 to $200 a year to defend yourself from identity theft at the level of protection that a paid service offers.



InfoSonics Secures New Credit Facility of $45 Million

InfoSonics Corporation (NASDAQ:IFON), one of the premier providers and distributors of wireless handsets and accessories serving Latin America



Heartland Payment Systems, Inc. Signs Definitive Agreement to Acquire the Network Services Business

Acquisition of Major Petroleum Industry Payment Processor Expands and Diversifies Heartland’s Market Reach and Capabilities



H&R Block's 'BBB-' counterparty credit ratings put on positive watch - S&P

Standard & Poor's Ratings Services said it placed the ratings on H&R Block Inc., including the 'BBB-' long-term counterparty credit rating



US gets Grameen micro-credit bank

Grameen Bank, the micro-credit financier initially set up to help the poorest in Bangladesh, has opened its first branch in the United States.



Customers' delinquent loans burn Harley Davidson

The slow U.S. economy continues to bite Harley-Davidson Inc.



Creative Consumer: Using New Tools to Combat Identity Theft

I've spent the past month infiltrating the Internet underworld to show viewers how identity thieves actually operate.



Credit Crunch Sends More Consumers To the Sidelines

As hundreds of companies reported earnings during the past two weeks, their chief executives had a common refrain:



U.S. aims to rein in 'unfair' credit cards

Addressing "unfair" and "deceptive" practices in the credit card business, the Federal Reserve on Friday proposed sweeping new rules



Wells Fargo buys Flatiron insurance premium finance company

Wells Fargo & Co. has purchased Flatiron Credit Co. Inc. and its operating subsidiaries from TD Banknorth N.A., one of the nation's largest insurance premium finance



Harley getting burned by loan crash

The slow U.S. economy continues to bite Harley-Davidson Inc.



Federal Reserve Backs Proposing Reforms On Credit Card Rules

Credit card fees, which a lot of consumer groups, have called out as unfair and abusive are in the news again.



LA police credit crackdown with a changing Skid Row

Crack users openly suck on glass pipes, gang members deal drugs on sidewalks and streets are speckled with human feces.



Card Services for Credit Unions (CSCU) to be Featured on Alexander Haig's 21st Century Business

Multi-Media Productions (USA), Inc. announces that Card Services for Credit Unions (CSCU) will be featured on 21st Century Business, hosted by General Alexander Haig.



S&P cuts Sprint Nextel credit rating to non-investment grade

Standard & Poor's Rating Services said Thursday it lowered its corporate credit and senior unsecured ratings on struggling wireless carrier



Duane Reade raised to 'CCC+' as credit metrics improve - S&P

Standard & Poor's Rating Services raised the corporate credit rating on New York City-based pharmacy chain Duane Reade Inc.



American Internet Services Helps Expedite Customer PCI DSS Audits

AIS is proud to aid their data center customers in their PCI DSS assessment process and to ensure data integrity through proven physical security measures.


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