Tag Archives: Encore Capital Group

The Attorney General of Massachusetts yesterday announced a $12 million settlement with a debt collection company yesterday that was accused of a number of violations, such as collecting on debts without sufficient proof that the debts were valid, violating state law limiting the number of calls that could be made …

SAN DIEGO — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced today that William C. Goings has been appointed to Encore’s Board of Directors effective September 1, 2022. Mr. Goings will serve on Encore’s Compensation Committee and Nominating and Corporate Governance Committee. Goings (64) has years …

SAN DIEGO, Aug. 08, 2022 — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that its President and CEO, Ashish Masih, has been reappointed by U.S. Secretary of Commerce Gina M. Raimondo to the U.S.-India CEO Forum. The Forum brings together top-level business executives from both nations to …

There does not seem to be a lot of cause for concern about the economy heading into a recession and that leading to consumers becoming unable to make payments on their unpaid debts, according to the Chief Executive of Encore Capital Group, who shared his feelings last week during a …

Inflation and rising gas prices have not yet started to impact consumers’ ability to pay their debts, and overall consumer strength is continuing, but maybe not at the levels seen during the pandemic, the chief executive of Encore Capital Group said last week during a conference call with analysts to …

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 …

The COVID-19 pandemic has turned more Americans pessimistic about their financial futures, while more than one-quarter of consumers feel their financial situations are worse now than they were about a year ago, according to a report released by Encore Capital Group, which surveyed its customers both here in the United …

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 …

A number of industry participants, as well as a group of consumer advocacy organizations have filed their comments on the Consumer Financial Protection Bureau’s proposal to delay the effective date of Regulation F by 60 days, pushing it out to January 29, 2022. And while the advocacy groups used their …

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 …