Thirty-eight state attorneys general are opposing a proposed class-action settlement with debt buyer Encore Capital Group Inc.'s Midland Funding LLC unit over robo-signed affidavits in collection cases.

Uamco Ltd., South Korea’s biggest buyer of bad debts from banks, plans an initial public offering by September 2013 as stricter capital rules and accounting standards encourage lenders to sell more troubled loans.

Bill Bartmann's fast rise and fall in the debt-buying industry is an epic tale that many thought ended nearly a decade ago. But Bartmann is determined to keep the story going.

Debt buyer NCO Group Inc., based in Horsham, Pa., reported Tuesday drops in revenue and income for the quarter ended March 31.

Debt buyer Asta Funding reported flat earnings and revenue Tuesday and a drop in cash collections for the quarter ended March 31. The Englewood Cliffs, N.J. firm also reported spending more on debt portfolios in the quarter.

Debt buyer Portfolio Recovery Associates (PRA) on Wednesday reported record net income, cash collections and revenue in the first quarter ended March 31.

For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable.

Encore Capital Group Inc., a San Diego-based debt buyer, reported net income of $13.7 million in the quarter ended March 31, up 26% from the year-ago period.

Shares of Portfolio Recovery Associates Inc. hit a 52-week high on Thursday. The stock traded as high as $87.78 during mid-day trading and last traded at $87.55. The stock previously closed at $85.17.

Debt buyer Asset Acceptance Capital Corp., based in Warren, Mich., on Thursday reported a drop in revenue and an uptick in cash collections for the first quarter ended March 31.

Debt buyer Asset Acceptance Capital Corp., based in Warren, Mich., on Thursday reported a drop in revenue and an uptick in cash collections for the first quarter ended March 31.

Are banks the Burger Kings of lending?

Five M&A deals were completed in the Accounts Receivable Management space in the first quarter for a total of $103 million in transaction value, making it the sixth consecutive quarter that has alternated between relatively high and low aggregate deal values, according to a report by Greenberg Advisors.

Steven Kusic, president and CEO at National Recovery Agency (NRA), announced this week that an agreement has been reached with the shareholder of ACA Receivables LLC - d/b/a American Agencies (AA) - to acquire the assets of the California-based consumer accounts receivable management firm.

Portfolio Recovery Associates (PRA) is the defendant in a class action lawsuit filed in Florida on behalf of consumers who received a non-emergency call to a cell phone from an automatic dialing system, without having given prior consent for such calls during the transaction that resulted in the debt owed.

H.I.G. Capital announced Wednesday that its portfolio company, National Asset Recovery Services Inc. (NARS), has acquired Integrity Financial Partners, a third-party collection company. Greenberg Advisors represented H.I.G. Capital and NARS in the transaction.

Just more than half of consumers, 51%, surveyed in March by the National Foundation for Credit Counseling (NFCC) said they would shop for another bank if their current bank raised checking account fees.

NCO Group Inc., based in Horsham, Pa. and one of the nation's largest accounts receivable management companies, reported revenues of $390.3 million in the fourth quarter ended Dec. 31, 2010. The company also reported a net loss of $155 million for the full year 2010 compared to a net loss of $84.2 million in 2009.