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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Third Party Debt Collection Accounts Jump in First Quarter

14 May 2014

CRS - Traditions are Maintained During a Time of Change

14 May 2014

6 Steps to a Prosperous Ad Campaign

13 May 2014

New York Bill Would Require Statewide License for Debt Collectors/Buyers

13 May 2014

FDCPA Amendment Would Limit Lawsuit Cost Awards to Debt Collectors

13 May 2014

Portfolio Recovery Associates Participates in Supportive Housing Development Groundbreaking in VA

13 May 2014

National Papers Take on Debt Collectors Over the Weekend

12 May 2014

Don't Operate in the Dark! Part 2 of Important ARM Webinar Series Scheduled for May 20

9 May 2014

Two Huge Debt Buyers to Vacate $16 million in Judgments in NY AG Action

8 May 2014

Why does Amazon Know More About Our Customers than the ARM Industry?

7 May 2014

Large Debt Collector Voluntarily Moves its Minimum Hourly Wage to $10.10

7 May 2014

ACA Urges CFPB to Scrap Proposed Consumer Debt Collection Survey

7 May 2014

Is the CFPB Position on Credit Reporting Consistent with Case Law?

6 May 2014

FBI Arrests Debt Buyer on $6.8 Million Bank Fraud Charges

5 May 2014

New NY Court Rules: Judicial Advocacy Gone Wild

2 May 2014

Consumer Group Claims Debt Buyers Routinely Scam Courts to Pursue Debts

2 May 2014

Best Places to Work in Collections 2014 Now Open for Registration

1 May 2014

New York to Change Rules for Debt Collection Lawsuits

1 May 2014

"Frequent Filer" FDCPA Cases Defeated With Trifecta of Victories

30 April 2014

Recent Enforcement Actions May Provide Guidance on CFPB Positions

29 April 2014

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