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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Portfolio Recovery Associates' Collections, Revenue and Earnings Soar in Q2

1 August 2013

FLOCK Launches Specialty Finance Company for Debt Buyers

31 July 2013

New York Proposes Tough New Debt Collection Rules

26 July 2013

Encore Capital Group Announces Private Placement of $22.5 Million Additional Convertible Senior Notes

24 July 2013

New Debt Buyer Law May Decrease Communication, Increase Litigation Between ARM Firms and Consumers

22 July 2013

ACA International Welcomes New President, Board Officers and Board Directors

22 July 2013

KirkpatrickPrice Continuing CFPB Audit Readiness Web Series on Consumer Complaint Resolution and Tracking

22 July 2013

DBA International Seeks Third Party Collection Agency for Certification Council

19 July 2013

Revenue, Earnings Down for Most Collection Agencies in 2012

19 July 2013

Senate Hearing on Debt Collection Could Provide Clues on FDCPA Reform

18 July 2013

Debt Buyer Lowell Group Will Build Smart Collections Platform on FICO Blaze Advisor for .NET

18 July 2013

Military Charity Now Accepting Grant Applications

17 July 2013

Recent Developments Lay Groundwork for New Debt Sales Rules for Banks

16 July 2013

Unifund Partners with Nighthawk Investigations for Exclusive Bank Location Services

15 July 2013

CFPB Tackles Debt Collection: Issues Bulletins for Collectors, Form Letters for Consumers, Warning for Banks

10 July 2013

Debt Collection Complaints Now Being Accepted by CFPB

10 July 2013

European Debt Collection Industry in Trouble: Wall Street Journal

8 July 2013

California Passes Fair Debt Buying Practices Act

3 July 2013

Encore Capital Closes Acquisition of Cabot Credit Management; Becomes Very, Very Large

2 July 2013

DBA International Appoints Consumer Representative to Debt Buyer Certification Council

2 July 2013

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