Debt Buying

In debt-buying, as in clothes shopping, one size does not fit all. Realizing that it was leaving a portion of the debt buying market uncovered, Flock Finance last month launched a new product which is aimed at smaller portfolio purchases. The new product offers a new funding and profit-sharing structure …

The Maine State legislature has enacted new legislation that enhances consumer protections but does so in a way that the measures can be “operationalized by the receivables management industry,” the Receivables Management Association — formerly known as DBA International — said in a press release. Under the terms of the …

EDITOR’S NOTE: The following is an article brought to you by Bayview Solutions, LLC, a company that specializes in working with debt buyers and sellers. Learn more about Bayview at www.bvs-llc.net. If the debt-buying world was a sports movie, the musical montage would be crescendoing and the industry would be …

The Colorado legislature is considering a bill that would extend that state’s Fair Debt Collection Practices Act for another 11 years, avoiding the expiration of the law, which is set to occur on July 1, 2017. A hearing on the proposed legislation has been scheduled for next Monday, April 3. …

The following is an article brought to you by Bayview Risk Management Capital, a company that specializes in working with debt buyers and sellers. Learn more about Bayview at www.bvs-llc.net.  All eyes in the collections industry are glued to the next five days on the calendar. But what about the …

The courts have provided yet another reason why debt buyers should require account-level documentation for every portfolio they purchase. The 11th Circuit Court of Appeals last week reversed a summary judgment ruling in favor of a debt buyer related to how a debt is verified when it is disputed by …