Debt collection

TechCrunch Disrupt Semi-Finalist SoloSuit Announces Nationwide Expansion of its Debt Collection Defense Resource

Retrieved on: 
Tuesday, September 15, 2020
Debt collection, Lawsuit, National debt of the United States, Debt, Economy, Bankruptcy, Finance, United States

The U.S. debt market is big business with debt collection agencies buying and selling debt for pennies on the dollar.

Key Points: 
  • The U.S. debt market is big business with debt collection agencies buying and selling debt for pennies on the dollar.
  • Research by Pew on debt collection lawsuits from 2010 to 2019 has shown that less than 10% of defendants have legal counsel compared to nearly all plaintiffs.
  • Simons adds that 52% of all debt collection actions in the United States include medical expenses and warns of a likelihood of increased debt collection lawsuits as a result of COVID-19.
  • Launched in 2018, SoloSuit is a Provo, Utah-based legal tech startup that provides debt collection defendants with an online resource to prepare a response to a debt collection lawsuit and provide filing instructions.

ENCORE CAPITAL GROUP ALERT: Bragar Eagel & Squire, P.C. is Investigating Encore Capital Group on Behalf of Encore Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, September 14, 2020
Finance, Financial markets, Money, Stock market, Corporate finance, Debt collection, Encore Capital Group, Stock, Security, NASDAQ

NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Encore Capital Group (NASDAQ: ECPG) on behalf of Encore stockholders.

Key Points: 
  • NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Encore Capital Group (NASDAQ: ECPG) on behalf of Encore stockholders.
  • Our investigation concerns whether Encore has violated the federal securities laws and/or engaged in other unlawful business practices.
  • On this news, the Companys share price fell sharply on September 9, 2020, to close at $42.99 per share.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Encore Capital Group, Inc.

Retrieved on: 
Friday, September 11, 2020
Legal, Professional services, Companies, Economy, Articles, Debt collection, Encore Capital Group, Limited liability partnership, Whistleblower

The law firm of Kirby McInerney LLP is investigating potential claims against Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ).

Key Points: 
  • The law firm of Kirby McInerney LLP is investigating potential claims against Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ).
  • The investigation focuses on the Companys possible violations of federal securities laws.
  • Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • Additional information about the firm can be found at Kirby McInerney LLPs website: http://www.kmllp.com .

CU Collections Notifies Customers of Data Security Incident

Retrieved on: 
Friday, September 11, 2020
Debt collection

MANASSAS, Va., Sept. 11, 2020 /PRNewswire/ --CU Collections, LLC ("CU Collections" or the "Company") announced today that it had suffered a data security incident and information in its possession may have been accessed or made public by unauthorized persons.

Key Points: 
  • MANASSAS, Va., Sept. 11, 2020 /PRNewswire/ --CU Collections, LLC ("CU Collections" or the "Company") announced today that it had suffered a data security incident and information in its possession may have been accessed or made public by unauthorized persons.
  • CU Collections works with several partner credit unions, including Wellspring Credit Union of Bridge City, TX to help collect unpaid loans and other delinquent accounts.
  • CU Collections has been working closely with cybersecurity experts to resolve this incident and to improve the security of their systems to prevent a similar incident from occurring in the future.
  • CU Collections is an agency headquartered in Manassas, Virginia, that helps partner credit unions to collect unpaid accounts.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Encore Capital Group, Inc. (ECPG) on Behalf of Investors

Retrieved on: 
Friday, September 11, 2020
Legal, Professional services, Finance, Debt collection, Encore Capital Group, Economy

Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) investors concerning the Companys possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) investors concerning the Companys possible violations of the federal securities laws.
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • Whistleblower Notice: Persons with non-public information regarding Encore should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.
  • Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Encore Capital Group, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

Retrieved on: 
Friday, September 11, 2020
Legal, Professional services, Finance, Money, Debt collection, Encore Capital Group, Consumer Financial Protection Bureau, Securities Class Action, Economy, Securities regulation in the United States

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • The Consumer Financial Protection Bureau ("CFPB") filed a complaint against Encore and its subsidiaries on September 8, 2020.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Encore Capital Group, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

Retrieved on: 
Thursday, September 10, 2020
Legal, Professional services, Finance, Money, Debt collection, Encore Capital Group, Consumer Financial Protection Bureau, Securities Class Action, Economy, Securities regulation in the United States

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • The Consumer Financial Protection Bureau ("CFPB") filed a complaint against Encore and its subsidiaries on September 8, 2020.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Encore Capital Group Statement on Consumer Financial Protection Bureau Suit

Retrieved on: 
Wednesday, September 9, 2020
Finance, Money, Debt buyers, Debt collection, Economy, Encore Capital Group, Consumer Financial Protection Bureau, Asset Acceptance

SAN DIEGO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Earlier today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Encore Capital Group , Inc. (NASDAQ: ECPG ) and its U.S.-based subsidiaries Midland Funding, LLC, Midland Credit Management, Inc. and Asset Acceptance Capital Corp.

Key Points: 
  • SAN DIEGO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Earlier today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Encore Capital Group , Inc. (NASDAQ: ECPG ) and its U.S.-based subsidiaries Midland Funding, LLC, Midland Credit Management, Inc. and Asset Acceptance Capital Corp.
  • The suit alleges that the defendants failed to implement certain practices required under a consent order entered with the CFPB in September 2015.
  • Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets.
  • For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.

PRA Group Announces Extension and Amendment of North American Credit Facility

Retrieved on: 
Monday, September 18, 2023
Finance, Money, Economy, Credit, Personal finance, Debt collection, PRA Group, Revolving credit

NORFOLK, Va., Sept. 1, 2020 /PRNewswire/ --PRA Group, Inc.(Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that it extended and amended its North American credit facility on August 26, 2020.

Key Points: 
  • NORFOLK, Va., Sept. 1, 2020 /PRNewswire/ --PRA Group, Inc.(Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that it extended and amended its North American credit facility on August 26, 2020.
  • A reduction in the aggregate commitments under the domestic revolving credit facility from $1.068 billion to $1.0 billion.
  • An increase in the aggregate commitments under the Canadian revolving credit facility from $50.0 million to $75.0 million.
  • With thousands of employees worldwide, PRA Group, Inc. companies collaborate with customers to help them resolve their debt.

Encore Capital Group Announces New Global Funding Structure

Retrieved on: 
Tuesday, September 1, 2020
Finance, Money, Financial services, Starz Entertainment Group, Debt buyers, Debt collection, Encore Capital Group, Starz Encore, Balance sheet, UBS

On September 1, 2020, Encore initiated a process to combine the two balance sheets into a unified funding structure.

Key Points: 
  • On September 1, 2020, Encore initiated a process to combine the two balance sheets into a unified funding structure.
  • In this configuration, Encore would become the parent of a restricted group consisting of all subsidiaries of Encore against which all covenant performance would be measured.
  • The resulting global balance sheet strength and funding diversity will position Encore to take advantage of attractive opportunities arising from an anticipated change in the credit cycle.
  • Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets.