PRA Group Purchases DTP in Poland
Debt-buying giant PRA Group Inc. announced Wednesday the completion of its public tender offer to purchase shares of Warsaw, Poland-based DTP S.A., a mid-size debt buyer and collection agency active in Poland.  more »
U.S. home sellers in March sold their homes for $30,500 more than the purchase price, a 17% average gain in price and the highest average gain for home sellers since December 2007, according to RealtyTrac’s Q1 U.S. Home Sales report. more »
Debt buyer PRA Group (Nasdaq:PRAA), a global firm that acquires and collects nonperforming loans, has named Chris Burroughs as its new chief technology officer. more »
A Meridian, Miss.-based collection agency told the Lauderdale County (Miss.) Board of Supervisors last week that they have the expertise to collect $7.2 million in unpaid fines and fees owed to the county since 1984. more »
Todd Lansky
DBA International has elected Todd Lansky as president of the association's board of directors. He replaces Patricia Baxter, who has been a board member since 2013 before resigning this week. more »
The total balance of new first mortgages originated in 2015 reached $1.82 trillion, a year-over-year increase of 42.9%, while the total number of new first mortgages originated in that same time was 7.71 million, an increase of 31.6%, according to Equifax. more »
The Alabama Senate has voted in favor of legislation that would extend payday loan repayment periods to six months. more »
Officials in Pittsylvania County, Va. are seeking proposals from firms to provide collections and billing services for the county's medical transport system. more »
ITT Technical Institute exaggerated its job-placement rates by counting "any job graduates got that somehow involved the use of a computer" and misled prospective students about the quality of its programs, according to a lawsuit filed Monday. more »
Poplar Bluff, Mo. city officials are looking into hiring a collection agency to pursue more than $200,000 in debt owed by a former internet provider. more »
Two large national groups want a federal court to force the Department of Education to release documents showing how it oversees private collection agencies and collects student loan debt. more »
Thousands of students who were defrauded by Corinthian Colleges could receive billions in debt forgiveness from the federal government, the U.S. Department of Education announced Friday. more »
A year ago, the U.S. Department of Education announced it would be severing ties with five private collection agencies. Currently, all of them are doing work for the government agency. more »

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