Latest Debt Buying News
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…
California Legislature Passes AB1020
The California state Senate has followed the Assembly in passing AB1020, a…
Joel Tucker Sentenced to 12 Years in Prison for Role in Debt Selling Scam
Joel Tucker was ordered to immediately begin serving a prison term of…
Minn. Gov. Signs Omnibus Bills into Law, Include Provisions For Debt Buyers
The governor of Minnesota has signed a number of omnibus bills into…
