Encore Capital Reports Net Loss for 2023, but Says 2024 is Shaping Up to be a Banner Year
A $238 million impairment as a result of low purchase volumes by…
State Appeals Court Overturns Ruling in Favor of Debt Buyer on Grounds it Did Not Have Enough Proof it Bought Account in Question
In a ruling that could cause ripples throughout the debt buying and…
Mich. Utility Allowed to Sell Debt Portfolios, But Must Disclose Sales to State Regulator
A utility company in Michigan will be required to publicly disclose sales…
Wyoming Enacts Law Defining Debt Buyers, Will be Required to Obtain Licenses
In a development that was first pointed out by the team at…
N.C. Supreme Court Splits on Debt Collection Case
The Supreme Court of North Carolina voted three-to-three -- with one justice…
Appeals Court Revives Case for Debt Buyer Suing Creditor for Breach of Contract
The Court of Appeals for the Fifth Circuit has reversed a lower…
Portfolio Supply Remains Low, But Higher Default Rates are on the Horizon: PRA Group CEO
Decreasing supply of portfolios available to be purchased led to a marked…
Court Rules in Favor of OCC in ‘Valid When Made’ Suit
A District Court judge in California has sided with the Office of…
Debt Buyer Sues Citi for ‘Bait and Switch’ When Selling Portfolios
A debt buyer has filed suit against Citigroup, accusing the mega-bank of…
Debt Buyer Sued by CFPB Plans ‘Vigorous’ Defense
A debt buyer that was sued yesterday by the Consumer Financial Protection…