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

31 October 2017

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Court Rules Verification Docs Fulfill “Least Sophisticated Consumer” Standard

21 September 2017

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

8 August 2017

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

3 August 2017

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Massachusetts Attorney General Announces Consent Agreement with Debt Collection Law Firm

27 July 2017

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Oregon Debt Collection Bill Passes House and Senate

26 July 2017

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RMA Expands Certification Program; Includes Judgments

25 July 2017

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Flock Deployments Hit $13 Million in June

17 July 2017

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House Subcommittee Considers Bills, Including Debt Collection

13 July 2017

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Oregon Passes New Debt Buyer Legislation

6 July 2017

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Maine Adopts New Law for Debt Buyers

21 June 2017

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

13 June 2017

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Industry Association Urges Caution When Interpreting Santander Decision

13 June 2017

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Court Sides With Collector on Out-of-Stat Disclosure

7 June 2017

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

17 May 2017

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PRA Group Announces Settlement with IRS

16 May 2017

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

11 May 2017

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

10 May 2017

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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