Tag Archives: Encore Capital Group

Numbers up at Encore Capital

Collections, revenue, and net income were all up in 2021 at Encore Capital Group, compared with 2020, according to the company’s financial results, which were released yesterday. For the fourth quarter of 2021, net income was twice as high as the same quarter a year earlier, while collection totals and …

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Encore Hires New Chief Risk and Compliance Officer

Encore Capital Group yesterday announced that it has hired Steve Carmichael to be its Chief Risk and Compliance Officer. Carmichael, who will report directly to Encore Chief Executive Ashish Masih, most recently was the head of enterprise and financial risk management at Discover Financial Services. “Bringing on a person of …

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Profits For 2020 Up at Encore Capital Group

Profits for all of 2020 were up at Encore Capital Group even though it made less money in the fourth quarter than it did in the same period a year earlier, according to the company’s quarterly financials that were released yesterday. Even though the company spent 34% less on portfolio …

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New California Regulator Launches Investigation Into Collection Industry; Subpoenas 12 Companies

The California Department of Financial Protection and Innovation (DFPI) came out swinging yesterday with its first major action, issuing subpoenas to a dozen companies in the accounts receivable management industry, investigating consumer complaints about alleged unlawful, unfair, deceptive, or abusive collection practices. The companies that were issued subpoenas are: Portfolio …

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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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