The U.S. Court of Appeals for the Second Circuit this week ruled that New York’s highest court will need to resolve the legal questions in a case brought by a debt collection law firm challenging a New York City statute that regulates certain activities of collection attorneys.
Atlantic Credit & Finance, a subsidiary of Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it helped raise $61,000 for the Boys & Girls Clubs of Southwest Virginia
The Sixth Circuit Court of Appeals Friday ruled against a debt buyer who it said violated the FDCPA when it sought interest charges for a credit card debt. The decision reversed a lower court ruling and included a sharp dissent from the third judge in the appellate panel.
DBA International (DBA) announced the first certified collection law firm under its expanded Certified Professional Receivables Company (CPRC) program. Within weeks of the program expansion, G. Reynolds Sims & Associates, P.C. completed the process and was approved at the October 16, 2014 meeting of the DBA Certification Council Administration and Budget Committee Meeting.
If you’re not in California, be sure to watch the webcast of an important FTC/CFPB roundtable on debt collection and the Latino community.
The CFPB this week finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which will primarily impact creditors and debt buyers, allows companies to post their GLBA-mandated annual privacy notices online rather than delivering them individually.
DBA International, the voice of the debt buying industry, announced the addition of Don Maurice as a legal consultant specializing in state and federal legislative activities.
PRA Group (Nasdaq:PRAA), a world leader in acquiring non-performing consumer debt, has been named to Forbes’ annual list of America’s Best Small Companies for the eighth consecutive year. It is one of only seven companies to have been featured on the Forbes list every year since 2007.
NPR Thursday on its “All Things Considered” program ran a segment focusing on the post-secondary debt purchasing and collection world through the eyes of an ex-con in Buffalo.
Critical mistakes are sometimes made during the selling process that could cost owners many millions of dollars in transaction value.