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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Supreme Court Denies Certiorari Petition in Madden v. Midland Funding, LLC Case

27 June 2016
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New Credit Bureau Reporting Requirements for Debt Collection Agencies and Debt Buyers Become Effective This Week

13 June 2016

DBA International Responds to “Last Week Tonight with John Oliver” Segment on the Debt Buying Industry

7 June 2016
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HBO's John Oliver Skewers Debt Buying Industry

6 June 2016

Maryland Debt Collection Litigation Bill Signed Into Law

24 May 2016
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Baltimore Jury Delivers $38 Million Verdict in Debt Collection Case

23 May 2016

Appeals Court Affirms that FDCPA Does Not Require Debt Collector Intent to Proceed to Trial When Filing Lawsuit

20 May 2016
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Consent Order Compliance: Navigating The CFPB’s Unofficial “Rules” Governing Debt Collection

19 May 2016
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Court Finds Settlement Offers on Time-barred Debts Without Disclosure of the Fact That the Debt is Time-Barred to be FDCPA Violation

12 May 2016

Encore Capital Group Announces First Quarter 2016 Financial Results

11 May 2016

PRA Group Reports Q12016 Results; Revenue, Income Fall Compared to Same Period in 2015

10 May 2016
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Debt Collection Litigation in the Cross Hairs: CFPB's Consent Order Against New Jersey Law Firm Creates More Problems Than Solutions

29 April 2016
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Portfolio Recovery Associates to Pay $18 Million to Settle TCPA Class Action

27 April 2016
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CFPB Announces Consent Orders Against Law Firm and Debt Buyer

26 April 2016

CFPB Targets ARM Industry -- Which Practices Should Your Company Avoid?

22 April 2016

United Debt Holding Becomes Certified Buyer

18 April 2016

4th Cir. Confirms Entity Is Not FDCPA ‘Debt Collector’ Merely Because It Purchases Defaulted Debt

12 April 2016

Encore Capital Group Wins Motion to Compel Arbitration in Putative FDCPA Class Action

6 April 2016

Supreme Court Case About Debt Buying and Interest Rates Now in Question

1 April 2016

Headline The ARM Industry Should Like to See: “Closing Time for a Fake Debt Collector”

31 March 2016

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