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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CFPB Releases Debt Collection Complaints Data, and Here It Is

6 November 2013

Military Family’s Struggle to Own a Home Spotlighted with Just 5 Days Left in Charity Drive

6 November 2013

CFPB Begins Rulemaking Process for Debt Collection Industry

5 November 2013

OCC Issues Bulletin to Banks on Risk Management Guidelines for Third-Party Relationships

5 November 2013

FDCPA Reform Bill Introduced in House; Focuses on Time-Barred Debt

4 November 2013

Who is Driving Change in the ARM Industry: Regulators or Creditor Clients?

1 November 2013

Top Predictions for the ARM Industry

1 November 2013

Portfolio Recovery Associates Reports Record Revenue and Income; Moves Collection Jobs Back to U.S.

31 October 2013

State AG Sues Debt Buyer Over "Robosigning" of Affidavits

31 October 2013

Portfolio Recovery Associates UK Wins Credit Excellence Award in Compliance

30 October 2013

Buried in Chase's Legal Battles is a Game-Changer for Debt Collection

30 October 2013

New York City Tries to Ban Collection Agency

28 October 2013

FTC Has Court Shut Down Collector of Fake Payday Loan Debts

24 October 2013

When Is The Best Time To Sell A Business?

24 October 2013

TCPA Lawsuits Really Are Growing Compared to FDCPA Claims

22 October 2013

Amidst ARM Market Changes, M&A Strategies are Being Refined

22 October 2013

New York Regulator Proposes Strict New Standards for Debt Collection

21 October 2013

YGC Solutions Data Standard Now Available in Public Domain

18 October 2013

Appeals Court Defines FDCPA Suit Filing Period in Split Decision

11 October 2013

Consumer Group Issues Scathing Report on Debt Collection Laws; ACA Responds

10 October 2013

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