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

7 April 2014

Up to 400 New Jobs Coming to Portfolio Recovery Associates UK

7 April 2014

Executive Change: Portfolio Recovery Associates Names Chief Compliance Officer

2 April 2014

Encore Capital Group Closes Acquisition of Grove Capital Management

2 April 2014

Banks Band Together and Fire Back at Policy Makers. Can the ARM Industry Follow their Lead?

1 April 2014

Portfolio Recovery Recognized as Certified Employer of Virginia Values Veterans (V3) Program

1 April 2014

Debt Buyers Can Testify on Purchased Account Records: Appeals Court

31 March 2014

Service Provider Compliance Is Key - Are You Ready?

31 March 2014

Multi-Stakeholder Panel Discusses Debt Collection Voicemail, Compliance Cost, and Dispute Handling

27 March 2014

Court Ruling Impact - Debt Collection Settlements Are Dead; Long Live Litigation

26 March 2014

Executive Change: Raymond Conta Joins Debt Resolve's Board; Appointed SVP

26 March 2014

CFPB Turns Focus to Payday Loans with New Report, Cordray Speech

25 March 2014

ARM Professionals, Mark Your Calendars for May 20

25 March 2014

Debt Collection Complaints Decline in February as FDCPA Suits Rise

24 March 2014

CFPB Issues Annual FDCPA Report to Congress with Focus on Complaints

21 March 2014

CFPB Speech to Chamber of Commerce Hints at Direction of Collection Rulemaking

20 March 2014

Collectors Often Win FDCPA Cases Without Going to Court

19 March 2014

Now is the Time to Bring Everyone to the Table

19 March 2014

Appeals Decision Supports CFPB-FTC View on Out-of-Statute Debt Collection

17 March 2014

ACA International’s Political Action Committee Hosts Fundraiser for GA Congressman

17 March 2014

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