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.

See all Topics

Filter by Location

Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Northern Mariana Islands Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas United States Virgin Islands Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming
[Image by creator LittleGallery from AdobeStock]

Whitepaper on Debt Collection Released by the Conference of State Bank Supervisors

13 February 2020
Image of road sign that says "Massachusetts Welcomes you" [Image by creator spiritofamerica from AdobeStock]

Mass. AG Enters $4M Settlement with PRA for Allegedly Violating Consumer Protection Laws

11 November 2019
US Capitol Building [Image by creator Gary from AdobeStock]

Three Hot Topics—and Some Partisan Squabbling—Highlighted at Kraninger's Congressional Hearing

17 October 2019
A judge's gavel sitting on a pile of cash [Image by creator Pakhnyushchyy from AdobeStock]

Court Trebles TCPA Damages Against Debt Collector for Using Skip-Traced Numbers, Awards ~$300k

2 October 2019
US Capitol Building [Image by creator Gary from AdobeStock]

In-Depth Discussion of Hot Topics from House Fin. Servs. Committee Debt Collection Hearing

30 September 2019
A spiral pad with the word "UPDATE" and a hand-drawn bar that is half filled and the word "loading" underneath [Image by creator Marco2811 from AdobeStock]

Lively Debt Collection Debate Likely in House Fin. Servs. Committee Hearing Tomorrow

25 September 2019
Referee indicating timeout [Image by creator sixdays from AdobeStock]

CFPB Fines Buffalo-Based Debt Collection Group $60M, Bans Them From Industry

29 July 2019
Image of hundreds of white rubber people figures in lines, with one red figure of a person sticking out from the line [Image by creator vchalup from AdobeStock]

RIP Medical Debt Featured Among Game-Changers

2 July 2019
[Image by creator atoss from AdobeStock]

Why is Now a Great Time to Enter or Expand in Debt-Buying?

13 June 2019
[Image by creator Argus from AdobeStock]

CFPB Sues Yet Another Collection Firm for Lack of Meaningful Attorney Involvement Despite Promises to End Regulation by Enforcement

21 May 2019
Toddler looking confused [Image by creator Chris Mautz from AdobeStock]

Credit Report Inquiry Could Be a Third Party Communication That Violates the FDCPA, Says N.D. Ohio

11 April 2019
A person pressing a red "full disclosure" button on a keyboard with white keys [Image by creator momius from AdobeStock]

11th Circuit: Letter Offering to “Resolve” Out of Stat Account Contains Implicit Threat of Litigation, Requires Out of Stat Disclosure

8 April 2019
File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

Debt Buyers in N.D. Illinois Beware: Purchase May Not Transfer Right to Collect Post-Charge Off Interest, According to Court

1 April 2019
[Image by creator beeboys from AdobeStock]

Third Circuit Rules Passive Debt Buyers are Debt Collectors, May Be on the Hook for Collection Agency's FDCPA Violations

25 February 2019
[Image by creator danielfela from AdobeStock]

What You May Not Know About The Practice of "Pay-for-Delete"

14 February 2019
A large Texas flag flying against a bright blue sky [Image by creator 33ft from AdobeStock]

New Texas Debt Buyer Legislation Would Require More Notices, Addresses Legal Actions

13 February 2019
Illustration of a man giving a presentation to 3 business people at a table [Image by creator Mangsaab from AdobeStock]

A Healthy Resale Market Is Vital To Our Industry – And We Need to Educate the CFPB’s New Leadership on This Important Issue

24 January 2019
[Image by creator iQoncept from AdobeStock]

Encore Enters $6M Settlement Agreement with 42 State AGs, DC AG in Affidavit Robosigning Matter

5 December 2018
File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

N.D. Illinois: Debt Buyer Cannot Collect Interest if Implicitly Waived by Original Creditor’s Actions; Finds Debt Buyer is Subject to FDCPA

27 September 2018
Image of road sign that says "Massachusetts Welcomes you" [Image by creator spiritofamerica from AdobeStock]

2 New Rules in Massachusetts Add to Requirements for Default Judgment

19 July 2018

About

News RSS Feed



insideARM is a publication of The iA Institute.

Copyright insideARM LLC. All rights reserved.