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.

See all Topics

Filter by Location

Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Northern Mariana Islands Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas United States Virgin Islands Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming
File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

5th Circuit Rules Against Collector For Not Making Disclosures in Time-Barred Debt Case

14 September 2016
Small statue of lady justice [Image by creator sebra from AdobeStock]

DC Circuit Rejects FDCPA ‘Meaningful Involvement’ and Related State-Law Claims

7 September 2016

4th Cir. Holds Time-Barred Proof of Claim Does Not Violate FDCPA

7 September 2016
[Image by creator dpyancy from AdobeStock]

Former Regulator Accuses CFPB of Targeting the Biggest Companies and Imposing "The Maximum Fines They Can Afford to Pay”

30 August 2016

Small Business Representative Shares Her Thoughts About Yesterday’s Debt Collection SBREFA Hearing

26 August 2016
Photo of a person about to jump off a diving board into a pool [Image by creator wellphoto from AdobeStock]

Massachusetts Jumps into the Active Debt Collection Regulation Pool

25 August 2016

CFPB Debt Collection Proposals Would Create Problematic New Substantiation Standard

25 August 2016

7th Cir. Deepens Split on FDCPA Liability for ‘Time-Barred’ Claims

11 August 2016

PRAA Announces Financial Results for Q2 2016; Comments On CFPB Outline of Proposed Debt Collection Rules

10 August 2016

Encore Capital Group Announces Financial Results for Q2 2016

8 August 2016
[Image by creator kentoh from AdobeStock]

insideARM Perspective on CFPB Outline of Proposed Rules – Litigation and Time-Barred Disclosures

3 August 2016

Real Time Resolutions, Inc. Becomes Certified Debt Buyer

3 August 2016
Arms of 5 business people holding up different colored large "quote" marks [Image by creator Sergey Nivens from AdobeStock]

15 ARM Industry Experts React to CFPB Outline of Proposed Debt Collection Rules

2 August 2016

DBA Announces New Version of Certification Program, Effective August 1, 2016

1 August 2016
[Image by creator kentoh from AdobeStock]

CFPB Outlines Debt Collection Rulemaking Proposals

28 July 2016
[Image by creator iQoncept from AdobeStock]

Midland Credit Management, Inc. Settles Multidistrict TCPA Class Action

26 July 2016

Filing Proof of Claim on Time-Barred Debt Not an FDCPA Violation, 8th Circuit Court Rules

12 July 2016

Debt Buyer PRA Group Acquires Payment Portal eGov Systems

11 July 2016

Supreme Court Denies Certiorari Petition in Madden v. Midland Funding, LLC Case

27 June 2016
[Image by creator ar130405 from AdobeStock]

New Credit Bureau Reporting Requirements for Debt Collection Agencies and Debt Buyers Become Effective This Week

13 June 2016

About

News RSS Feed



Copyright Auriemma Roundtables, Inc. All rights reserved.