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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Weekly Wrap-Up Podcast - Week of October 24
30 October 2011
Debt Buyer Barred from Collection Activities in West Virginia
28 October 2011
Portfolio Recovery Associates Reports Large Gain in Net Income in Q3
28 October 2011
Encore Capital Discloses Another State Investigation as Profits Rise in Q3
27 October 2011
Acumen Insurance Services Expands Advisory Board with Addition of Leading ARM Industry Executive
27 October 2011
Encore Capital Group to Announce Third Quarter Results on October 26th
25 October 2011
Massachusetts Set to Overrule Past Foreclosures; Harbinger for ARM Industry?
25 October 2011
Portfolio Recovery Associates Named One of Forbes' Best Small Companies in America
25 October 2011
Executive Change: Matthew Saperstein Named SVP at PCA Acquisitions V
21 October 2011
State Agency Publishes New Rules for Debt Collectors
20 October 2011
Protester Believes He Was Thwarted By Judge in Arbitration Talks with Collection Agency
19 October 2011
Asset Acceptance to Host Third Quarter Conference Call November 1
19 October 2011
ACA International Proposes Major Changes to Governance Structure
18 October 2011
Portfolio Recovery Associates to Announce Third Quarter Results on October 27
18 October 2011
J.C. Christensen & Associates Recognized by Resurgent Capital Services for Performance Excellence
18 October 2011
Executive Change: Damon Edmondson to Flock Advisors as Chief of Analytics
17 October 2011
AUDIO: Weekly Wrap-Up Podcast - Week of October 10
15 October 2011
Bill Bartmann's Firm Announces Nationwide Expansion
14 October 2011
Lowell Group Tops European ARM Rankings for Fourth Year Running
7 October 2011
It is Time to Pay Attention to CFPB Developments and Credit Cards
6 October 2011
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