PRA Group (PRAA), Encore Capital (ECPG) Sell-Off on FTC Enforcement 'Fears Overblown', Compass Point Says

FTC and Federal, State and Local Law Enforcement Partners Announce Nationwide Crackdown Against Abusive Debt Collectors

The Federal Trade Commission and other law enforcement authorities around the country announced the first coordinated federal-state enforcement initiative targeting deceptive and abusive debt collection practices. This nationwide crackdown encompasses 30 new law enforcement actions by federal, state, and local law enforcement authorities against collectors who use illegal tactics such as harassing phone calls and false threats of litigation, arrest, and wage garnishment. The cases announced today bring to 115 the total number of actions taken so far this year by the more than 70 law enforcement partners in the Operation Collection Protection initiative.

[An infographic about Operation Collection Protection, the largest-ever... More

Encore Capital Group (ECPG) Hasn't Been Contacted by FTC - Bloomberg Citing Citi

Encore Capital Group (NASDAQ: ECPG) Hasn't Been Contacted by FTC - Bloomberg Citing Citi

FTC Plans to Announce Major Law Enforcement Initiative Related to Debt Collection Industry

The Federal Trade Commission will host a press conference in Washington, DC, tomorrow at 12:30 p.m. to announce a major law enforcement initiative involving the debt collection industry. FTC Chairwoman Edith Ramirez, Illinois Attorney General Lisa Madigan, and Minnesota Commerce Department Commissioner Mike Rothman will deliver remarks and be... More

PRA Group (PRAA), Encore Capital (ECPG) on Watch as FTC 'to Announce Major Law Enforcement Initiative Involving Debt Collection Industry'

Encore Capital Group (NASDAQ: ECPG) and PRA Group (NASDAQ: PRAA) are on watch amid news the The Federal Trade Commission will host a press conference in Washington, DC, tomorrow at 12:30 p.m. to announce a major law enforcement initiative involving the debt collection industry.