Debt Buying News

Collections & Recovery

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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Perfect Storm Coalesces as Division of Banks, Debt Buyers and Consumer Lawyers Await Decision in Massachusetts

16 January 2018

Indiana District Court Adopts Supreme Court's Analysis of Definition of a Debt Collector

31 October 2017

Court Rules Verification Docs Fulfill “Least Sophisticated Consumer” Standard

21 September 2017

Encore Capital Group Announces Q2 Results, Provides Views on State of the Industry

8 August 2017

Two FDCPA Class Actions Dismissed, Citing Supreme Court Ruling in Midland v. Johnson

3 August 2017

Massachusetts Attorney General Announces Consent Agreement with Debt Collection Law Firm

27 July 2017

Oregon Debt Collection Bill Passes House and Senate

26 July 2017

RMA Expands Certification Program; Includes Judgments

25 July 2017

Flock Deployments Hit $13 Million in June

17 July 2017

House Subcommittee Considers Bills, Including Debt Collection

13 July 2017

Oregon Passes New Debt Buyer Legislation

6 July 2017

Maine Adopts New Law for Debt Buyers

21 June 2017

U.S. Supreme Court Holds Debt Purchaser Collecting Its Own Debt Is Not Subject to FDCPA

13 June 2017

Industry Association Urges Caution When Interpreting Santander Decision

13 June 2017

Court Sides With Collector on Out-of-Stat Disclosure

7 June 2017

U.S. Supreme Court Rejects FDCPA Liability in Bankruptcy Proceeding

17 May 2017

PRA Group Announces Settlement with IRS

16 May 2017

PRA Group Reports Q1 Results, Discusses Supply, Pricing, TCPA and Regulatory Environment

11 May 2017

Encore Capital Reports Q1 Results, Comments on Supply, Pricing, Portfolio Mix, TCPA

10 May 2017

Colorado's FDCPA Adds Media Requirements, Removes its Collection Agency Board

25 April 2017