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Latest News:

New Study Shows Third-Party Debt Collection Substantially Impacts Michigan's Economy
LANSING, Mich., Feb. 1, 2012 /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Michigan's economies, according to a new study by ACA International and global advisory firm Ernst and Young (www.acainternational.org/impact) based on 2010 data...

New Study Shows Third-Party Debt Collection Substantially Impacts Massachusetts' Economy
BOSTON, Feb. 1, 2012 /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Massachusetts' economies, according to a new study by ACA International and global advisory firm Ernst and Young (www.acainternational.org/impact) based on 2010 data...

Business Wire - Fitch Upgrades Hodgkins, IL's TIF Rev Bonds to 'A'; Outlook Stable
February 2, 2012 -- NEW YORK -- Fitch Ratings has taken the following actions on the Village of Hodgkins, IL's (the village) tax increment revenue...

Market Wire - PRA Acquires Mackenzie Hall Holdings, Expands Presence to United Kingdom
January 16, 2012 -- Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial and business services company and market leader in the consumer...

New Study Shows Third-Party Debt Collection Positively Impacts Louisiana's Economy
BATON ROUGE, La., Feb. 1, 2012 /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Louisiana's economies, according to a new study by ACA International and global advisory firm Ernst and Young (www.acainternational.org/impact) based on 2010 data...

FTC Announces $2.5 Million Fine for Unfair Debt Collection Practices
WASHINGTON, Jan. 30, 2012 /PRNewswire/ -- The Federal Trade Commission announced a $2.5 million fine against one of the largest debt buyers in the country for using deceptive practices to collect old ...

Business Wire - Fitch Affirms Pontiac TIFA #2, MI Bonds at 'CCC'; Outlook Stable
January 20, 2012 -- NEW YORK -- Fitch Ratings takes the following rating action on Pontiac Tax Increment Finance Authority, Michigan (TIFA): ...

Market Wire - Clairvest to Invest in the Meadowlands Race Track
January 20, 2012 -- Clairvest Group Inc. (TSX:CVG) ("Clairvest"), Clairvest Equity Partners IV Limited Partnership and Clairvest Equity Partners IV-A Limited...

Business Wire - A.M. Best Affirms Ratings of The Progressive Corporation and Its Subsidiaries
February 1, 2012 -- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings...

US Gets Tougher on Debt Collecting - Wall Street Journal

US Gets Tougher on Debt Collecting
Wall Street Journal
The settlement with Asset Acceptance Capital Corp., one of the nation's largest buyers of soured consumer debts, is the second-biggest penalty ever levied by the FTC against a debt collector. Officials said they are investigating other companies for .

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