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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European ARM Giant Lindorff Acquires Collection Unit of Spanish Bank

28 July 2014

Debt Industry Responds to New York's New Rules for Collectors, Buyers

22 July 2014

Consumer Narratives Coming Soon to CFPB Complaint Database

17 July 2014

Where are the Collection Opportunities in Coming Years?

17 July 2014

Consumers Claiming Debt Isn't Theirs On the Rise

17 July 2014

New York Regulator Proposes Debt Collection Rules Based on Previous Comments

16 July 2014

Portfolio Recovery Completes Aktiv Acquisition; Rebrands as PRA Group

16 July 2014

Don't Forget About Your Marketing Goals

15 July 2014

CFPB Sues Debt Collection Law Firm Over Suit Volume, FDCPA Violations

15 July 2014

Circuit Court Holds that Filing a Proof of Claim on Time-Barred Debt Violates FDCPA

14 July 2014

See Exactly What You Get by Participating in Best Places to Work in Collections

9 July 2014

Australian Regulators Release New Guidelines for Debt Collection Activities

9 July 2014

Yet Another Selfless Vet Turns Down ARM Charity Grant to Help Another

9 July 2014

Collection Attorneys Must Conduct "Meaningful Review" of Suits Under FDCPA: Federal Judge

7 July 2014

Encore Capital Group Announces Commitment to Hire Veterans and their Spouses

7 July 2014

EOS CCA Announces New Healthcare Division

3 July 2014

Split Circuit Court Rules Against Debt Collector in FDCPA Letter Case

1 July 2014

Subprime Credit Card Borrowing on the Rise

1 July 2014

John McNamara Departs for the CFPB; Dusty Whitesell Rejoins LiveVox to Lead Marketing

1 July 2014

DBA International Thanks Executive Summit Sponsors

1 July 2014

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