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.

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New York Legislature Making Even More Debt Collection Changes with Bills

12 January 2015

New York AG Announces Settlement with Encore Capital Over Collection Lawsuits

9 January 2015

Working with New York's Latest Debt Collection Regulations

8 January 2015

American Red Cross Receives $50,000 Donation From PRA Group to Support Disaster Relief

7 January 2015

Court Allows FDCPA Suit Where Assignment of Judgment Failed to List Current Balance of Debt

24 December 2014

Complaints About Medical Debt Collection On the Rise

17 December 2014

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

17 December 2014

Developments in 1099-C Case Against BofA Should be Closely Watched by ARM Firms

8 December 2014

New Year's Resolutions for Your Marketing

8 December 2014

DBA International Recommendations Incorporated in New York's Final Debt Collection Rules

4 December 2014

Two Leaders in Russian Debt Collection Market Combining to Create Massive ARM Firm

3 December 2014

New York Adopts New Statewide Regulations on Debt Collection

3 December 2014

DBA International Discusses Global Debt Buying Industry at UK Conference

25 November 2014

ACA and DBA Issue Support for Federal Action Against Rogue Collectors

21 November 2014

Fallout Growing from FDCPA Decision on Proof of Claim on Time-Barred Debt

18 November 2014

DBA International Applauds New FTC Security Measure on the Sharing of Portfolio Data

14 November 2014

Feds Investigating Banks' and Debt Buyers' Treatment of Bankruptcy Accounts

13 November 2014

FTC Details Data Security Steps for Debt Buyers and Sellers

13 November 2014

PRA Group Reports Big Q3 with Aktiv Kapital Integration

11 November 2014

DBA International Announces Team Expansion

10 November 2014

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