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

Last week Encore Capital Group (ECPG), reported its financial results for the first quarter of 2017. The company announced net income of $22.3 million, or $0.85 per fully diluted share, as compared to $28.9 million, or $1.12 per fully diluted share in the same period a year ago. Of note, the firm's CEO commented that issuers are selling much sooner than in the past.

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News and Opinion

from insideARM.com

» TECH LOCK’s Wright to Address Cybersecurity at CRS 2017

» “Maximizing the Value of IT” Webinar

» Collectors Are Missing the Benefits of the CFPB Complaint Portal

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

» Searching For The Meaning Of “Meaningful Involvement”

» Commercial Collection Agencies of America Gives Back

» Treasury Awards Contracts for Collection of Non-Tax Debt; Could Student Loans Be Next?

» U.S. Supreme Court Rejects “Meaningful Attorney Involvement” Case

Collectors Are Missing the Benefits of the CFPB Complaint Portal

The CFPB Complaint Process is a valuable tool for the CFPB (or Bureau), but it has also been a lightning rod issue for companies. Consumers benefit whether they participate in the complaint process or not. Companies, on the other hand, are predictably averse to their dialog with consumers being published publicly, and therefore are not positioning themselves to realize the benefits of the CFPB Complaint Process. While the Bureau has placed the Complaint Process at the center of its operations, companies are simply responding to complaints, and not always taking advantage of what the Bureau is handing to them. 

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A Candid Conversation about Compliance - Denver, Colorado

23 August 2017 at 10:00 a.m.

Join the Compliance Professionals Forum for a free meeting* where compliance professionals of all levels share their perspectives, accomplishments, and challenges. Problem-solve with local compliance professionals and walk away with strategies that you can implement right away. 

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» What Financial Services Can Teach Hospitals About Collections

» 2015 Cost of Compliance Survey Report

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