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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insideARM.com Announces the Best Places to Work in Collections 2010
1 October 2010
Franken Introduces Bill to Amend FDCPA, Raise Fines for Violations
30 September 2010
Executive Change: Deborah Giambruno Appointed CCH In-House General Counsel
30 September 2010
Executive Change: Kim Patmore Joins SquareTwo Financial's Board of Directors
30 September 2010
Intrum Justitia Adjusts Organizational Structure
30 September 2010
ARM Vet Charity: Rule to Cuomo?s Recent Exception?
30 September 2010
Take Advantage of the First Ever Virtual ARM Networking Lounge on 10.6.10
30 September 2010
Media Reports Blacken Eye of Entire ARM Industry
29 September 2010
Fightin' Words: MSN Money Sucker Punches Debt Collectors
28 September 2010
Portfolio Recovery Associates Execs to Present at JMP Securities Conference in New York, Sept. 29
28 September 2010
FDCPA and Other Consumer Lawsuit Statistics, September 1-15
27 September 2010
Majority of ARM firms May Qualify for Tax Credit in Health Reform Law
27 September 2010
ACA International Files Comments on FTC Proposed Rule
24 September 2010
Link Financial to Partner with Funding Circle, the Newly Launched Social Lending Platform
23 September 2010
ARM Pros Stand Up in Support of Military Veterans
23 September 2010
VION Receivable Investments Announces Acquisition of Interest in $1.5B Pool of Performing Receivables
23 September 2010
Inc. Magazine Names Accelerated Financial Solutions to its Prestigious Inc. 5000 List
22 September 2010
Encore Capital Group Announces $50 Million Private Placement and Enhancements to its Revolving Credit Facility
22 September 2010
Executive Change: Mark Parsells to Global Debt Registry as Executive Chairman
22 September 2010
Persolvo Delivers Creditors, Debt Buyers and Collection Agencies Agreeable Settlement Options by Deploying Actuate and BIRT
21 September 2010
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