Debt Buying News RSS Feed

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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31 July 2014

More than 35 Percent of American Adults are Currently in Collections: Report

29 July 2014

European ARM Giant Lindorff Acquires Collection Unit of Spanish Bank

28 July 2014

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22 July 2014

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16 July 2014

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15 July 2014

CFPB Sues Debt Collection Law Firm Over Suit Volume, FDCPA Violations

15 July 2014

Circuit Court Holds that Filing a Proof of Claim on Time-Barred Debt Violates FDCPA

14 July 2014

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9 July 2014

Australian Regulators Release New Guidelines for Debt Collection Activities

9 July 2014

Yet Another Selfless Vet Turns Down ARM Charity Grant to Help Another

9 July 2014

Collection Attorneys Must Conduct "Meaningful Review" of Suits Under FDCPA: Federal Judge

7 July 2014

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7 July 2014

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3 July 2014

Split Circuit Court Rules Against Debt Collector in FDCPA Letter Case

1 July 2014

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