Collections & Credit Risk

Deals & Pricing

• Tougher Debt Buying Rules Approved In California

  Collections & Credit Risk | February 1, 2012

  Legislators in California on Tuesday pushed through tougher regulations for the collection industry, approving a bill opponents say will create an unfair burden on debt buyers by requiring excessive documentation and restricting legitimate collection efforts.

• State Launches Local Government Collections Program

  Collections & Credit Risk | January 25, 2012

  Ohio Attorney General Mike DeWine's office has launched the Local Government Collections Services Program to help municipal and county governments collect debts.

• Target Suspends Card Receivables Sale, Ends Chase Deal

  Collections & Credit Risk | January 19, 2012

  Target Corp., which has tried for years to sell its credit card assets, is giving up for now, and it is spending more than $2.8 billion to divorce itself from JPMorgan Chase & Co.

• CFS II Approved For Incentives; Narrows List For Call Center Site

  Collections & Credit Risk | January 18, 2012

  CFS II, the collection company founded by industry maverick Bill Bartmann, is reviewing three states for a call center site that eventually could provide 2,000 jobs.

• RDK Collection Services Acquires Health Care, Telecom Specialist

  Collections & Credit Risk | January 17, 2012

  Collection agency RDK Collection Services Inc. on Tuesday announced the acquisition of a Michigan-based collection agency.

• Debt-Buying Giant Expands To UK With Acquisition

  Collections & Credit Risk | January 16, 2012

  Portfolio Recovery Associates Inc., a Norfolk, Va.-based debt buyer and collections giant, on Monday announced that it has acquired Mackenzie Hall Holdings Ltd., a large UK debt collection and purchasing group.