Expert Gains Industry's Respect
Manny Newburger is widely respected as one of the collection
industry’s most knowledgeable educators on Fair Debt Collection
Practices Act compliance.
Capital One Executive Joins Debt-Buying Company
Lowell Group, the UK’s largest debt-buying company, has recruited
Paul Thomas from Capital One Bank to become the company’s head of
Cards Unit Reports $306 Million Q4 Loss
JPMorgan Chase & Co.’s Card Services unit cited weakness in the
credit card sector and the effects of the recession as key contributors
to a $306 million net loss in the fourth quarter.
Outlook: Biding Time In The Bad-Debt Market
Historically low prices for the choicest portfolios of distressed
consumer debt would seem to point to a buyers’ market. Yet many
buyers are waiting.
Dismisses Up To 25,000 Collection Lawsuits; Giant Falls
An estimated 20,000 to 25,000 lawsuits filed in Maryland will be
dismissed as a result of the collapse of legal collection giant Mann
Name For Veteran Debt Buyer
Collins Financial Services, a consumer debt buyer and reseller that also
handles recoveries, is rebranding the business under the name Precision
Recovery Analytics Inc.