The total number of lawsuits against ARM firms filed in 2012 by consumers claiming violations of the Fair Debt Collection Practices Act (FDCPA) is now projected to fall under the number filed in 2011, according to a company that tracks the cases.
Debt buyer Portfolio Recovery Associates, Inc. (NASDAQ: PRAA) late Tuesday reported results for the third quarter of 2012 marked by large increases in cash collections, revenue, and net income.
Mercantile Adjustment Bureau, LLC, one of the fastest growing companies in the ARM industry, is pleased to announce their acquisition of Creditors Interchange Receivable Management, LLC.
Ontario Systems’ Board of Directors unanimously elected Ron Fauquher as its new CEO. The change is effective immediately.
Empereon Marketing, LLC and Constar Financial Services, LLC (Empereon-Constar), today announced that the Company has achieved certification of Payment Card Industry Data Security Standards (PCI-DSS), the most rigorous industry-recognized payment-card security standard available globally.
Van Ru Credit Corporation Tuesday announced that its Largo, Florida collection center will close at the end of the year.
Recently, the ARM world was hit with news of a new patent which may affect much of the debt purchasing industry. TriCap – a company which has typically dealt with medical receivables – recently patented a process by which debt can be bought and sold online.
The patent protects a process that a handful of other debt brokers more or less already do and have done for years.
Asset Acceptance Capital Corp. (NASDAQ: AACC), a purchaser and collector of charged-off consumer debt, Monday reported results for the quarter ended September 30, 2012 marked by declines in total revenues and net income.
Automated Collection Services, Inc. (ACSI), a national accounts receivable management company located in Nashville, Tennessee, has announced it has recently hired a new chief information officer and a new director of training.
Continental Service Group, Inc., d.b.a. ConServe was selected as one of Rochester N.Y.’s Top 100 Fastest Growing Companies, ranking 24th on the list. This is the 10th time ConServe has been named to the Rochester Top 100.