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A debt buyer is a firm that purchases debt from another company, usually a creditor or bank, at a deeply discounted rate. The debt purchaser then attempts to collect the debt through its own operations or through the use of a third-party debt collection agency. Some debt buyers may sell all or part of the debt to another party at a profit. Most debt buyers are small and privately held, though there is a handful of publicly traded debt buying companies. Recent changes in law and legal rulings have seen the debt buying industry regulated like collection agencies, or servicers of debt, rather than creditors, or owners of the debt. Debt buyers must adhere to the FDCPA.

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State Legislature Committee to Consider Strict Debt Buyer Bill After Industry Input

17 April 2015

$25 Million Facility Expands InVenio's Debt Purchasing Capacity

17 April 2015

NY AG Settles with Major Debt Buyer Over Collection Lawsuits

16 April 2015

DBA International Offers Webinar on Understanding the New Risks in the Bankruptcy Claim Process

16 April 2015

FTC's Settlement with Two Debt Portfolio Brokers a Continuation of a Trend in ARM Industry

14 April 2015

PRA Group Receives Award for Global M&A Deal of the Year

7 April 2015

DBA International Recognized by Michigan Legislature with Senate Resolution

31 March 2015

DBA International Makes Appointments to Certification Council

30 March 2015

Unifund Group Announces Acquisition of First Resolution Investment Corporation

19 March 2015

CFPB Seeks Input on Credit Card Market, Including Collection and Debt Sales Practices

18 March 2015

DBA International Announces Launch of New Website

17 March 2015

CFPB's Winter Supervisory Report Reveals New Issues in Debt Collector Examinations

12 March 2015

Debt Buyer PRA Group Expands Norfolk Headquarters

9 March 2015

Consumer Advocate Wants to End Debt Sales with Warranty Disclaimers

6 March 2015

Circuit Court Rejects FDCPA Claim Based on Alleged Invalid Proof of Claim

4 March 2015

Debt Buying Giants Reach New Heights, But Disclose CFPB Investigations and Possible Impacts

3 March 2015

Legal Symposium with New York Regulators Clarifies New Debt Collection Rules in the State

27 February 2015

PRA Group to Announce Fourth Quarter and Full Year 2014 Results on March 2

24 February 2015

DBA International Thanks Annual Conference Sponsors

20 February 2015

Dennis Hammond Honored with Bud Reitzel Award, Debt Buying Industry's Highest Recognition

19 February 2015

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