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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$25 Million Facility Expands InVenio's Debt Purchasing Capacity
17 April 2015
NY AG Settles with Major Debt Buyer Over Collection Lawsuits
16 April 2015
DBA International Offers Webinar on Understanding the New Risks in the Bankruptcy Claim Process
16 April 2015
FTC's Settlement with Two Debt Portfolio Brokers a Continuation of a Trend in ARM Industry
14 April 2015
PRA Group Receives Award for Global M&A Deal of the Year
7 April 2015
DBA International Recognized by Michigan Legislature with Senate Resolution
31 March 2015
DBA International Makes Appointments to Certification Council
30 March 2015
Unifund Group Announces Acquisition of First Resolution Investment Corporation
19 March 2015
CFPB Seeks Input on Credit Card Market, Including Collection and Debt Sales Practices
18 March 2015
DBA International Announces Launch of New Website
17 March 2015
CFPB's Winter Supervisory Report Reveals New Issues in Debt Collector Examinations
12 March 2015
Debt Buyer PRA Group Expands Norfolk Headquarters
9 March 2015
Consumer Advocate Wants to End Debt Sales with Warranty Disclaimers
6 March 2015
Circuit Court Rejects FDCPA Claim Based on Alleged Invalid Proof of Claim
4 March 2015
Debt Buying Giants Reach New Heights, But Disclose CFPB Investigations and Possible Impacts
3 March 2015
Legal Symposium with New York Regulators Clarifies New Debt Collection Rules in the State
27 February 2015
PRA Group to Announce Fourth Quarter and Full Year 2014 Results on March 2
24 February 2015
DBA International Thanks Annual Conference Sponsors
20 February 2015
Dennis Hammond Honored with Bud Reitzel Award, Debt Buying Industry's Highest Recognition
19 February 2015
Bankruptcy Filings Down Nearly 12% in 2014; ARM Firms Well-Represented in Cases
18 February 2015