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

25 April 2017

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U.S. Supreme Court Hears Oral Arguments over Whether Debt Buyers are Debt Collectors under FDCPA

24 April 2017

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Appeals Court Affirms Ruling Against Debt Buyer for Misleading Out-of-Stat Collection Letter

30 March 2017

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Court Rules Debt Buyer’s Small Claims Court Judgment Waived Right to Arbitration in Class Action Suit

29 March 2017

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CFPB Quietly Issues 2017 FDCPA Report to Congress

28 March 2017

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SquareTwo Announces Portfolio Asset Sale To Resurgent Holdings

20 March 2017

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FDCPA Caselaw Review for February 2017

9 March 2017

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Encore Capital Announces Q4 and Full Year 2016 Results, Comments on Pricing, Supply, and TCPA

2 March 2017

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PRAA Reports 4th Quarter Loss

1 March 2017

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SCOTUS Hears Oral Arguments on FDCPA Out-of-Statute Debt Case

18 January 2017

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FTC Charges Joel Tucker in Fake Debt Sales Scheme; Brother Scott Tucker Ordered to Pay $1.3B in Separate 2016 Case

10 January 2017

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HS Financial Group Becomes Certified Debt Buyer/ Third Party Collection Agency by DBA International

10 January 2017

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Massachusetts Proposes New Rules for Collection Litigation on Credit Card Debt

15 December 2016

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Court Holds That Interest Reference in Dunning Letter is Not FDCPA Violation

12 December 2016

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Controversial Industry Veteran Bill Bartmann Dies at 68

30 November 2016

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9th Cir. Holds Debtor’s Acknowledgement of Debt Does Not Excuse Untimely Proof of Claim

28 November 2016

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NY Judge Sanctions Plaintiff Attorney for Making Mountain Out Of Molehill

15 November 2016

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CFPB and NY Attorney General Take Action Against Network of Sham Collection Companies

3 November 2016

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Coming Soon: A Big Debt Collection Deadline in New York

26 October 2016

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U.S. Supreme Court Agrees to Hear FDCPA Case

12 October 2016