Tag Archives: Encore Capital Group

Collection Agencies: Under the Gun From the New Consumer Financial Protection Bureau? Portfolio Recovery Associates (PRAA), Asset Acceptance Capital (AACC) & Encore Capital Group (ECPG)

Posted on 09. May, 2012 by .

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Collection agency stocks Portfolio Recovery Associates (NASDAQ: PRAA), Asset Acceptance Capital (NASDAQ: AACC) and Encore Capital Group (NASDAQ: ECPG) have recently been strong performers but there are dark clouds on the horizon coming in the form of Consumer Financial Protection Bureau (CFPB), the 2010 Dodd-Frank financial oversight law and increased government scrutiny of the debt collection industry itself.

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Encore Capital Group, Inc. Announces the Closing of the Public Offering of Common Stock by Selling Stockholder

Posted on 10. Nov, 2011 by .

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SAN DIEGO, Nov. 8, 2011 /PRNewswire/ — Encore Capital Group, Inc. (NASDAQ: ECPG) (the “Company”) today announced the closing of the previously announced underwritten public offering of 3,610,000 shares of its common stock by JCF FPK I LP (the “Selling Stockholder”), one of the Company’s stockholders, at a price to the public of $24.35 per share. The Company did not receive any proceeds from the sale of the shares by the Selling Stockholder.

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Encore Capital Group, Inc. Announces Public Offering of Common Stock by Selling Stockholder

Posted on 04. Nov, 2011 by .

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SAN DIEGO, Nov. 2, 2011 /PRNewswire/ — Encore Capital Group, Inc. (NASDAQ: ECPG) (the “Company”) today announced that JCF FPK I LP, one of the Company’s stockholders (the “selling stockholder”), intends to offer an aggregate of 3,610,000 shares of common stock in an underwritten public offering. The selling stockholder also expects to grant the underwriter a 30-day option to purchase up to an additional 361,315 shares to cover over-allotments, if any. The Company will not receive any proceeds from the sale of the shares by the selling stockholder.

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Debt Firm Is the Target of a Probe Into Practices

Posted on 27. Oct, 2011 by .

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Encore Capital Group Inc., the nation’s largest buyer of consumer debts, said North Carolina regulators launched an investigation of its debt-collection practices.

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Encore Capital Group to Present at the 2011 JMP Financial Services and Real Estate Conference

Posted on 22. Sep, 2011 by .

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SAN DIEGO, Sept. 21, 2011 /PRNewswire/ — Encore Capital Group, Inc. (Nasdaq:ECPG – News), a leader in consumer debt buying and recovery, announced today that Paul Grinberg, Chief Financial Officer, will be making a presentation to the investment community at the 2011 JMP Financial Services and Real Estate Conference to be held in New York City Monday, September 26th, 2011. During the course of this presentation, the Company may disclose material developments affecting its business and financial performance.

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Encore Capital Group Wins 2011 “San Diego’s Healthiest Company” Award

Posted on 20. Sep, 2011 by .

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SAN DIEGO, Sept. 20, 2011 /PRNewswire/ — Encore Capital Group has been named “San Diego’s Healthiest Company” for 2011, a recognition awarded by the San Diego Business Journal at its annual awards ceremony last week. Encore was one of fourteen finalists considered by a four-judge panel selecting winners in the “Large Company” category.

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Robbins Umeda LLP Announces an Investigation of Encore Capital Group

Posted on 20. Sep, 2011 by .

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SAN DIEGO–(BUSINESS WIRE)– Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Encore Capital Group (NYSE:ECPG – News).

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Encore Capital Group Wins Settlement Approval

Posted on 14. Aug, 2011 by .

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Encore Capital Group, and its wholly owned subsidiaries Midland Credit Management, Inc. and Midland Funding, LLC, has obtained a favorable federal court ruling approving the settlement of a national class action lawsuit involving the Company’s legacy affidavit process.

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Encore Capital Group Announces Second Quarter 2011 Financial Results

Posted on 02. Aug, 2011 by .

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SAN DIEGO, Aug. 1, 2011 /PRNewswire/ — Encore Capital Group, Inc. ECPG, a leader in consumer debt buying and recovery, today reported consolidated financial results for the second quarter ended June 30, 2011.

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Encore Capital Group, Inc. to Announce Second Quarter Results on August 1

Posted on 15. Jul, 2011 by .

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SAN DIEGO, July 14, 2011 /PRNewswire/ — Encore Capital Group, Inc. (NASDAQ:ECPG – News), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the second quarter of 2011 on Monday, August 1, 2011, after the market closes. The Company will also host a conference call the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results.

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