General News

Encore Sells Last Non-U.S., U.K. Unit

In an effort to help it continue to focus on its key markets, which include the United States, Encore Capital Group has completed the sale of Baycorp to Credit Corp Group. Baycorp specialized in the “management of non-performing loans in Australia and New Zealand,” and provided “portfolio management services for …

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Blog Urges Consumers To Oppose Text Messages From Collectors

A fairly popular mainstream media blog is urging consumers to file comments over the Consumer Financial Protection Bureau’s proposed debt collection rule, specifically recommending that the comments indicate that consumers don’t want to receive text messages from debt collectors. And, coincidentally enough, a number of new comments were published yesterday …

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Consumers Flood CFPB With Comments Opposing Proposed Rule

More than 3,000 comments opposing the proposed debt collection rule were published yesterday, filed by consumers who voiced their concerns and dislike for the Consumer Financial Protection Bureau’s proposal, while not necessarily getting into specifics and containing some rhetoric that even the director of the CFPB has sought to quash. …

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Profits Up at Encore Capital Group

Encore Capital Group reported net income of $36.8 million for the second quarter of 2019, up from $26.9 million in the same period a year ago, with the release of the company’s quarterly financials. During the second quarter, the company purchased $243 million in portfolios, $180 million of which was …

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