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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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"Frequent Filer" FDCPA Cases Defeated With Trifecta of Victories

30 April 2014

Recent Enforcement Actions May Provide Guidance on CFPB Positions

29 April 2014

States Begin to Use UDAAP Provision in Enforcement Actions

28 April 2014

5 Ways to Make a Conference a Success

25 April 2014

State Court of Appeals: Out-of-State Debt Collectors Do Not Need a License

24 April 2014

Portfolio Recovery Associates to Announce First Quarter 2014 Results on April 30

24 April 2014

Executive Change: Encore Hires Barbara Kennedy as SVP of Human Resources

22 April 2014

Collector Settles Class Action for $50,000; Plaintiffs' Attorneys Take $40,000

21 April 2014

DBA International’s Introductory Survey Course on Debt Buying Available 24/7 Online

18 April 2014

Payday Lenders Gaining Share of Debt Collection Complaints

10 April 2014

Debt Buyers: The Search to Meet New Requirements in Debt Sales

10 April 2014

ARM Vets Charity Helps Single Dad Provide for His Daughters

10 April 2014

Encore Capital Group Earns Certified Debt Buyer Designation from DBA International

10 April 2014

More Consumers Complain About Wrongful Debt Collection Attempts in Q1

9 April 2014

Consumer Delinquencies Fall in Most Debt Categories in Fourth Quarter

9 April 2014

How Do You Tell Your Staff You Are Selling Your Business? The Better Question Might Be When Do You Tell Them?

9 April 2014

Portfolio Recovery Names IR Director, Announces Expanded Credit Facility for Aktiv Kapital Deal

9 April 2014

UK ARM Firm Lowell Group Creates 60 New Jobs, Moves to Bigger Offices

9 April 2014

Kaulkin Ginsberg's Spring Research Fellows Program in Full Swing

9 April 2014

Unifund Earns Designations Under DBA International Debt Buyer Certification Program

8 April 2014

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