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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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Supreme Court Case About Debt Buying and Interest Rates Now in Question

1 April 2016

Headline The ARM Industry Should Like to See: “Closing Time for a Fake Debt Collector”

31 March 2016

Collectors, the FTC Wants You to Know: Do Not Buy, Sell, or Collect on These Debts

21 March 2016

Bank of America Debt Securitization Case is Actually Round Two

18 March 2016

Bank of America Hit With Class Action Over Debt Collection Litigation on Securitized Accounts

17 March 2016

Wisconsin Governor Signs Debt Collection-Friendly Bill

1 March 2016

DBA International Installs New President and Elects New Officers at Annual Conference

22 February 2016

Bankruptcy Code Precludes FDCPA Claim for Filing POC on Time-Barred Debt, Fla. District Court Holds

27 January 2016

Class Certification Rejected in Alleged FDCPA/RICO Suit Against Sherman Financial Group

26 January 2016

Debt Buyer Loses Round Two in FDCPA Class Action Case

11 December 2015

Missouri AG Koster Proposes Reforms to Debt-Collection Practices

4 December 2015

DBA International to Hold Elections for Three Open Seats on the Board of Directors

30 November 2015

DBA International Launches Version 3.1 of the Receivables Management Certification Program

20 November 2015

Actions Speak Louder Than Words: FTC Debt Dialogues Come to a Close in Atlanta

19 November 2015

Illinois Bill Provides Welcome Fix to Illinois Collection Agency Act

19 November 2015

Judge Accepts $59 Million Settlement in Sykes vs. Mel S. Harris and Associates, Pending Fairness Hearing

18 November 2015

Encore Adjusted EBITDA Up 7% But Net Income Down Due to CFPB Settlement

9 November 2015

PRAA Net Income Down 65% From Q3 2014 Due To CFPB Settlement

9 November 2015

Executive Change: Debt Management Partners Introduces Darlene Hirsch As Chief Compliance Officer

9 November 2015

California Reaches $100M Settlement with JP Morgan Chase Regarding Debt Collection Practices

3 November 2015

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