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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M&A in the ARM Industry Mirrors Broader Market
5 June 2013
Powerful Senator Calls for FDCPA Reform in Letter to CFPB
5 June 2013
Multi-State Investigation Into Debt Collection Reportedly Underway
4 June 2013
Encore Capital Sets Merger Date for Asset Acceptance Deal
4 June 2013
CFPB Expands Consumer Complaint Database; Debt Collection Up Next
3 June 2013
Don't Forget About the ACA's Scholarship Program for ARM Professionals
3 June 2013
Encore Capital to Acquire UK ARM Firm Cabot for $192 million
30 May 2013
Agenda and Panelists Announced for FTC/CFPB Debt Collection Roundtable
30 May 2013
Fitzgerald Equity Partners Teams With Harvest Strategy Group
30 May 2013
Federal Regulators Widening Probe on Bank Debt Collection Practices
29 May 2013
Debt Buyer/Collection Bill Passes California Senate
28 May 2013
Debt Collectors Face Six Figure Fines in New York City: Is Your Agency Next?
23 May 2013
ARMing Heroes Bestows Inaugural Award on Coast Professional for Support of Veterans
23 May 2013
Debt Collection Bills Advance in Western States
17 May 2013
Another Large UK Debt Collection Deal: Lowell Group Acquires Interlaken Group
16 May 2013
Americans with an Account in Third Party Collections Hits All-Time High...Again
15 May 2013
UK ARM Giant Cabot Sold in Private Equity Deal
15 May 2013
Encore Capital Group Announces Record Financial Results and Expanded Credit Facility
10 May 2013
Executive Change: Kaye Dreifuerst Named President of Security Credit Services
7 May 2013
Dismissed Lawsuit Against Debt Buyer Tried to Hop on Robo-Signing Bandwagon
3 May 2013