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. …
Read More »Encore Capital Keeps Flooding CFPB With Comments About Proposed Rule
Full credit goes to the folks at Encore Capital, which continues to flood the Consumer Financial Protection Bureau with comments supporting the agency’s proposed debt collection rule. Hundreds of more comments were submitted last week by employees at the company, many of which all took the same form and used …
Read More »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 …
Read More »Advocacy Digs Into CFPB Data to Rank Agencies With Most Complaints
A consumer advocacy group has stepped and taken the step usually performed by the Bureau of Consumer Financial Protection and published a list of the debt collection companies that have received the most complaints filed by consumers with the CFPB’s consumer complaint database. The CFPB published a Complaint Snapshot report …
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