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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Powerful Senator Calls for FDCPA Reform in Letter to CFPB

5 June 2013

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4 June 2013

Encore Capital Sets Merger Date for Asset Acceptance Deal

4 June 2013

CFPB Expands Consumer Complaint Database; Debt Collection Up Next

3 June 2013

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3 June 2013

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30 May 2013

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30 May 2013

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30 May 2013

Federal Regulators Widening Probe on Bank Debt Collection Practices

29 May 2013

Debt Buyer/Collection Bill Passes California Senate

28 May 2013

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23 May 2013

ARMing Heroes Bestows Inaugural Award on Coast Professional for Support of Veterans

23 May 2013

Debt Collection Bills Advance in Western States

17 May 2013

Another Large UK Debt Collection Deal: Lowell Group Acquires Interlaken Group

16 May 2013

Americans with an Account in Third Party Collections Hits All-Time High...Again

15 May 2013

UK ARM Giant Cabot Sold in Private Equity Deal

15 May 2013

Encore Capital Group Announces Record Financial Results and Expanded Credit Facility

10 May 2013

Executive Change: Kaye Dreifuerst Named President of Security Credit Services

7 May 2013

Dismissed Lawsuit Against Debt Buyer Tried to Hop on Robo-Signing Bandwagon

3 May 2013