Encore Newsroom

Encore 2nd Quarter Earnings

Encore Capital Group Posts 2nd Quarter Earnings

Read more >

Encore Acquires Atlantic Credit & Finance

Encore Capital Group Expands Capabilities with Atlantic Credit & Finance

Read more >

Jonathan Clark

Encore Announces the Appointment of Jonathan Clark as CFO of Midland Credit Management

Read more >

Propel Financial Services

Propel Financial Services urges 75% Lower Closing Costs Limits on Tax Lien Transfers

Read more >
  • News and Press
Propel Financial Services backs deeper cuts to closing costs on tax lien payment plans Lower limits would help homeowners and the tax lien financing industry

AUSTIN, Texas, Oct. 17, 2014 /PRNewswire/ -- Propel Financial Services President and CEO Jack Nelson said today, in conjunction with a public meeting in Austin, that state regulators' proposed reductions in closing costs for third-party property tax payment plans are a step in the right direction. But he urged them to adopt even steeper cuts in order to make the plans more affordable to more Texans.

Encore Capital Group Announces Appointment of Jonathan Clark as Chief Financial Officer of Midland Credit Management — Clark Expected to Succeed Paul Grinberg as Chief Financial Officer of Encore in early 2015 — Grinberg to Oversee European and Latin American operations and Corporate Development

SAN DIEGO, Oct. 13, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, today announced that former Sallie Mae Chief Financial Officer Jonathan Clark has been appointed to serve as Chief Financial Officer of Midland Credit Management, Inc., Encore's domestic operating subsidiary. Clark is expected to succeed Executive Vice President Paul Grinberg as Chief Financial Officer of Encore in February 2015. Following the transition, Grinberg will be tasked with continuing to grow and diversify Encore's business through M&A and will oversee Encore's European and Latin America operations

Propel Financial Services Urges 75% Lower Closing Cost Limits on Tax Lien Transfers

Propel Financial Services President and CEO Jack Nelson has told regulators in Austin that the state should modify existing rules to make it easier and even more affordable for Texans to pay their delinquent property tax bills using tax lien transfers.  Nelson recommends that the legal limits on closing fees for third-party property tax payment plans be reduced by as much as 75 percent. Nelson's comments in a Sept. 5 stakeholder meeting organized by the Office of Consumer Credit Commissioner (OCCC) stressed that Propel already charges closing fees well below the allowed maximums for its tax payment plans and that most leading firms in the industry voluntarily do the same.  But he advised the OCCC to set even stricter closing-fee limits to ensure that distressed property owners have access to the most affordable possible payment plan options from all tax lien transfer companies. Nelson further spelled out his recommendations in a letter to the OCCC.  

Financial Services Veteran Michael P. Monaco Joins Encore Capital Group’s Board of Directors

SAN DIEGO, Aug. 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced the appointment of Michael P. Monaco to its Board of Directors. Monaco, currently a senior managing director at CDG Group LLC and previously executive vice president and chief financial officer of the American Express Company, has an extensive background in finance, mergers and acquisitions, and the financial services industry. He will serve on the Board's Audit and Risk and Compensation committees.

Encore Capital Group Expands Credit Card Collections Capabilities through Purchase of Atlantic Credit & Finance – Acquisition Strengthens Encore’s Capabilities across the Account Lifecycle; Unites Two Companies Committed to Fair and Respectful Consumer Treatment –

SAN DIEGO, Aug. 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), a global specialty finance company (NASDAQ: ECPG), today announced that it has acquired Atlantic Credit & Finance (ACF), a leader in collecting fresh, higher-balance accounts, for approximately $70 million in cash. Encore also made additional payments totaling approximately $126 million to retire certain indebtedness and obligations of ACF.

Encore Capital Group Announces Second Quarter 2014 Financial Results; Strong Collections Drive Record Quarter

SAN DIEGO, Aug. 7, 2014 -- Encore deploys $328 million worldwide, $162 million in core U.S. market - Collections increase 47%, to record $409 million - Estimated Remaining Collections increase to record $4.9 billion - GAAP EPS increases 95% to record $0.86 - Non-GAAP Economic EPS increases 29% to record $1.10 - Encore acquires Atlantic Credit & Finance servicing platform and portfolio

Encore India Ranked 13 in Economic Times’ Great Places to Work Survey

New Delhi, July 09, 2014: Encore India, a wholly-owned subsidiary of Encore Capital Group, has earned 13th place in this year’s The Economic Times-Great Places to Work Study in India. The company was rated in the top position in the IT enabled services (ITeS) category for the second consecutive year.

Encore Capital Group Announces Commitment to Hire Veterans and their Spouses

SAN DIEGO, July 3, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, has made a pledge to Hiring Our Heroes to increase the number of military veterans and spouses it hires in the United States. Hiring Our Heroes is a nationwide program that helps veterans and their spouses find meaningful employment.

Encore Capital Group Announces Pricing of Securitized Notes

SAN DIEGO, April 30, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), through its Propel Financial Services subsidiary, yesterday priced $134 million of Texas Tax Lien Collateralized Notes, Series 2014-1 (the "Notes") issued in connection with the securitization of a pool of liens for ad valorem property taxes in the State of Texas ("Texas Tax Liens"). The Notes will be offered and sold in a private placement to qualified institutional buyers in the United States in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to qualified purchasers outside the United States who are non-U.S. persons (as defined under the Securities Act) in accordance with Regulation S thereunder.

Encore Announces Barbara J. Kennedy as Senior Vice President of Human Resources

SAN DIEGO – April 21, 2014 – Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Barbara J. Kennedy as senior vice president of Human Resources. Kennedy succeeds Steve Gonabe, who will be retiring in the third quarter of 2014.

Encore Capital Group Closes Acquisition of Controlling Interest in Grove Capital Management

SAN DIEGO, April 1, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has closed its acquisition of a controlling stake in Grove Capital Management (Grove), a management company that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The acquisition has received regulatory approval from the Financial Conduct Authority in the UK.

Encore Capital Group Agrees to Acquire Controlling Interest in Grove Capital Management

SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has entered into an agreement to take a controlling stake in Grove Capital Management (Grove), an investment group that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The transaction, which is subject to regulatory approval, is expected to close late in the first quarter or early in the second quarter of 2014.

Encore Capital Group Takes Controlling Stake in Refinancia

SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has taken a controlling stake in Refinancia, a leading debt purchaser in Colombia and Peru. Encore purchased 51 percent of the company in December 2013.

Encore Capital Group Announces Fourth Quarter and Full Year 2013 Financial Results; Diversifies and Expands Global Footprint

SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2013. In a series of related announcements, the Company stated that it has acquired a controlling interest in Refinancia, a debt buyer and market share leader in Colombia and Peru, and has entered into an agreement to acquire a controlling interest in Grove, a leader in the purchasing and servicing of Individual Voluntary Arrangements, or IVAs, in the U.K.

Encore Introduces New Board Chair and Directors, Announces Senior Executive Promotions

SAN DIEGO, Feb. 24, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Willem Mesdag as non-executive board chairman of the board and Laura Olle and Richard Srednicki as new directors. Additionally, the company announced the promotion of Ashish Masih, Jim Syran and Manu Rikhye to Executive Vice President positions.

Encore Capital Group Announces Expansion in U.K. through Purchase of Marlin Financial Services by Cabot Credit Management

SAN DIEGO, Feb. 10, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore) an international specialty finance company (NASDAQ: ECPG), today announced that its subsidiary, U.K.-based Cabot Credit Management (Cabot), has acquired Marlin Financial Group (Marlin), a leader in the U.K. debt purchasing market, for a cash purchase price of £295 million (approximately $481 million). The transaction was fully financed by debt incurred by Cabot. Encore acquired a controlling stake in Cabot in July 2013.

Encore Capital Group Launches Global Corporate Social Responsibility Program

SAN DIEGO, Dec. 17, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading provider of debt recovery solutions for consumers and property owners across a broad range of assets, has announced its new global philanthropic corporate social responsibility (CSR) program. The company's CSR efforts will focus on economic empowerment and helping consumers and communities that are most in need take control of their financial futures through better education, job training and basic support services.

Encore Capital Group Announces Third Quarter Financial Results

SAN DIEGO, Nov. 7, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading global provider of debt recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the third quarter ended September 30, 2013.

Encore Capital Group, Inc. to Announce Third Quarter 2013 Results on November 7th

SAN DIEGO, Oct. 24, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the third quarter of 2013 on Thursday, November 7, 2013, after the market closes.

Encore Capital Group to Present at Industry Conferences

SAN DIEGO, Sept. 4, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be holding a group meeting with the investment community at the 4th Annual Credit Suisse Small/Mid Cap Conference on Tuesday, September 17, 2013 in New York, NY at 2:00 p.m. EDT.

Encore Capital Group Announces Second Quarter Financial Results

SAN DIEGO, Aug. 8, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the second quarter ended June 30, 2013.

Encore Capital Group, Inc. Announces Private Placement of $22.5 Million Additional Convertible Senior Notes

SAN DIEGO, July 23, 2013 /PRNewswire/ -- On June 24, 2013, Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") sold $150.0 million in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2020 (the "Firm Notes") in a private placement transaction.

Encore Capital Group, Inc. to Announce Second Quarter 2013 Results on August 8th

SAN DIEGO, July 22, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the second quarter of 2013 on Thursday, August 8, 2013, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results.

Encore Capital Group Closes Acquisition of Controlling Stake in Cabot Credit Management

SAN DIEGO and WEST MALLING, England, July 2, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading U.S. debt management and recovery company, announced today that it has closed its acquisition of 50.1% of the equity interest in Janus Holdings Luxembourg S.a.r.l. ("Janus Holdings"), an indirect holding company of U.K. and Ireland-based Cabot Credit Management Limited ("CCM").

Encore Capital Group Named One of India’s “Best Companies to Work For”

SAN DIEGO, July 1, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a global leader in consumer debt buying and recovery, has been selected for the third straight year as one of "India's Best Companies to Work For" by the Great Place to Work Institute.

Encore Capital Group, Inc. Prices Private Placement of Convertible Senior Notes

SAN DIEGO, June 19, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") yesterday priced $150,000,000 aggregate principal amount of 3.00% convertible senior notes due 2020 (the "notes") to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

Encore Capital Group, Inc. Announces Private Placement of Convertible Senior Notes

SAN DIEGO, June 17, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that it has commenced a private offering, subject to market and other conditions, of $110,000,000 aggregate principal amount of convertible senior notes due 2020 (the "notes").

Encore Capital Group Closes Acquisition of Asset Acceptance

SAN DIEGO, June 13, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) announced today that it has closed its acquisition of Asset Acceptance Capital Corp. All operating subsidiaries of Asset Acceptance are now part of Encore Capital Group.

Encore Capital Group Named to Barron’s 400(SM) Index

SAN DIEGO, June 4, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) today announced that the company has been named to the Barron's 400 for the fourth time since the index's inception in 1997.

Encore Capital Group Inc. to Ring the NASDAQ Stock Market Opening Bell

Company Release - 06/04/2013 10:00
ADVISORY, June 4, 2013 (GLOBE NEWSWIRE) -- Encore Capital Group Inc. [ECPG], a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, will visit the NASDAQ MarketSite in Times Square.

Encore Capital Group, Inc. Announces Merger Closing Date and Sets Merger Consideration Election Deadline

SAN DIEGO, June 3, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that the closing date of the proposed merger of Pinnacle Sub, Inc., a wholly owned subsidiary of the Company, with and into Asset Acceptance Capital Corp. ("AACC"), with AACC surviving the merger as a wholly owned subsidiary of the Company, has been scheduled for June 13, 2013.

Encore Capital Group Announces Agreement to Acquire Controlling Stake in Cabot Credit Management

SAN DIEGO and WEST MALLING, England, May 30, 2013 /PRNewswire/ -- Encore Capital Group, Inc., a leading U.S. debt management and recovery company (NASDAQ: ECPG), today announced an agreement to purchase 50.1 percent of the equity interest in Cabot Credit Management (CCM), held by funds advised by J.C. Flowers & Co. LLC ("J.C. Flowers & Co."), for £128 million (approximately $192 million).

Encore Capital Group Announces $100 Million Credit Facility for the Purchase of Tax Lien Certificates

SAN DIEGO, May 20, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported the successful closing of a $100 million asset-backed credit facility (the "Facility") with Wells Fargo Bank, N.A. (the "Lender").

Encore Capital Group Announces Record First Quarter 2013 Financial Results And Expanded Credit Facility

SAN DIEGO, May 9, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, today announced consolidated financial results for the first quarter ended March 31, 2013.

Encore Capital Group to Present at the JMP Securities 12th Annual Research Conference and the SunTrust Robinson Humphrey Financial Services Unconference

SAN DIEGO, May 8, 2013 /PRNewswire/ -- – Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President, and Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the JMP Securities Financial Services and Real Estate Conference to be held in San Francisco, CA on Monday, May 13, 2013 at 3:00 p.m. EDT.

Encore Capital Group, Inc. Announces Upcoming Investor Day on June 5

SAN DIEGO, April 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, announced today that it will host its seventh annual investor day on Wednesday, June 5, 2013, in New York City, following the conclusion of business at its annual meeting of stockholders. Presentations by Encore's management team are scheduled to begin at approximately 10:00 a.m. Eastern Time and conclude by 11:45 a.m. Eastern Time.

Encore Capital Group, Inc. to Announce First Quarter 2013 Results on May 9th

SAN DIEGO, April 26, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the first quarter of 2013 on Thursday, May 9, 2013, 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.

Financial Services Veteran Ken Vecchione to Become President and CEO of Encore Capital Group

SAN DIEGO, April 8, 2013 /PRNewswire/ -- Encore Capital Group (Nasdaq: ECPG) today announced that its board of directors has elected Ken Vecchione, 58, to succeed Brandon Black as chief executive officer.  To effect the transition, Vecchione will serve as president while Black will continue serving as chief executive officer up through May 31, 2013, after which Black will remain available to the board and management on a consulting basis...

Encore Capital Group Announces Acquisition of Asset Acceptance

SAN DIEGO and WARREN, Mich., March 6, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG) and Asset Acceptance Capital Corp. (Nasdaq: AACC) today announced that Encore has entered into an agreement to acquire Asset Acceptance Capital Corp. Based in Warren, Michigan, Asset Acceptance has decades of experience in buying consumer receivables across a broad range of asset classes, as well as a tenured workforce. Combined, Encore and Asset Acceptance have purchased over 60 million individual consumer accounts, including credit card, telecommunications, consumer loans and other related assets, with a face value of over $130 billion...

Encore Capital Group, Inc. to Announce Fourth Quarter and Full Year 2012 Results on February 13th

SAN DIEGO, Jan. 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the fourth quarter and full year of 2012 on Wednesday, February 13, 2013, 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. Members of the public are invited to listen to the event via a telephone conference call line...

Encore Capital Group, Inc. Announces Private Placement of $15 Million Additional Convertible Senior Notes

SAN DIEGO, Dec. 11, 2012 /PRNewswire/ -- On November 27, 2012, Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") sold $100,000,000 in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2017 (the "Notes") in a private placement transaction. The Notes were issued pursuant to an Indenture, dated November 27, 2012, between the Company and Union Bank, N.A., as trustee. On December 6, 2012, the initial purchasers exercised, in full, their option to purchase an additional $15,000,000 in aggregate principal amount of the Notes (the "Additional Notes").  The Company today announced the closing of the sale of the Additional Notes. In connection wi...

Payoff.com and Encore Capital Group partner to promote consumer financial recovery

LOS ANGELES and SAN DIEGO, Dec. 3, 2012 /PRNewswire/ -- Personalized financial motivation company Payoff.com and Encore Capital Group, the leader in consumer debt buying and recovery, announced today the formation of a strategic partnership to provide Payoff.com's services to the 34 million distressed consumers Encore works with, each of whom owes one or more unsecured debts (serviced by wholly-owned Encore subsidiary Midland Credit Management). The Federal Reserve estimates that U.S. consumers held unsecured debt totaling $2.6 trillion in 2011, a number that is projected to grow in coming years. Consumers are increasingly looking for robust and reliable tools to help them manage thei...

Encore Capital Group, Inc. Prices Private Placement of Convertible Senior Notes

SAN DIEGO, Nov. 21, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") yesterday priced $100,000,000 aggregate principal amount of 3.00% convertible senior notes due 2017 (the "notes") to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.  In connection with the offering, the Company has granted the initial purchasers an option to purchase up to an additional $15,000,000 aggregate principal amount of such notes to cover sales in excess thereof. The notes will be senior unsecured obligations of the Company.  The notes will bear interest at a rate of 3.00% per year payable semiannually in arrears on M...

Encore Capital Group, Inc. Announces Private Placement of Convertible Senior Notes

SAN DIEGO, Nov. 19, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that it has commenced a private offering, subject to market and other conditions, of $100,000,000 aggregate principal amount of convertible senior notes due 2017 (the "notes"). In connection with the offering, the Company expects to grant the initial purchasers an option to purchase up to an additional $15,000,000 aggregate principal amount of such notes to cover sales in excess thereof. The notes will be convertible, if certain conditions are met, into cash and, in certain circumstances, shares of the Company's common stock, based on a volume-weighted average price of the c...

Encore Capital Group Announces $50 Million Share Repurchase Program

SAN DIEGO, Nov. 15, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today announced the approval of a $50 million share repurchase program by its Board of Directors. The share repurchase program is expected to be executed over the course of the next year. "Our continued solid financial performance, together with our new $575 million credit facility and strong balance sheet, will enable us to take the fullest advantage of market opportunities and return capital to shareholders," said Paul Grinberg, Execu...

Encore Capital Group Announces $575 Million, Five-Year Credit Facility

SAN DIEGO, Nov. 5, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported the successful closing of a $575 million credit facility (the "Facility"). "Especially in this challenging credit environment, we are pleased to increase and extend our facility with additional flexibility that will help us drive towards our growth goals," said Paul Grinberg, Executive Vice President and Chief Financial Officer.  "Looking at the industry landscape, we believe that the companies that will thrive will be t...

Encore Capital Group Announces Record Third Quarter 2012 Financial Results

Earnings Per Share From Continuing Operations Increased 37% to $0.82 per Fully Diluted Share; Quarterly Gross Collections Increased 30% to $246 Million SAN DIEGO, Nov. 1, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the third quarter ended September 30, 2012. "For the quarter, we delivered strong financial results, including record earnings, collections and operating cash flow," said Brandon Black, the Company's President and Chief Executive O...

Encore Capital Group, Inc. to Announce Third Quarter 2012 Results on November 1st

SAN DIEGO, Oct. 26, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the third quarter of 2012 on Thursday, November 1, 2012, 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. Members of the public are invited to listen to the event via a telephone conference call line or the Internet.  To access the live listen-only telephone conference call, please dial (877) 670-9781 or (408) 940-3818.  To access the live webcast via the Internet, log on at t...

Encore Named to Fortune’s 2012 List of ‘100 Fastest Growing Companies’

in-the-news-version-5FORTUNE Magazine Names Encore Capital Group to '100 Fastest-Growing Companies' List for Second Consecutive Year

Read More >

Encore Capital Group, Inc. Announces the Exercise of Underwriter’s Over-Allotment Option From Selling Stockholders’ Shares

SAN DIEGO, Sept. 12, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the "Company") today announced that the underwriter of the previously announced public offering has exercised its over-allotment option to purchase an additional 182,000 shares of the Company's common stock from Red Mountain Capital Partners II, L.P. and Red Mountain Capital Partners III, L.P. (the "Selling Stockholders"). Together with the shares sold pursuant to the over-allotment option, the Selling Stockholders have sold a total of 1,395,799 shares of the Company's common stock in the underwritten public offering. The Company did not receive any proceeds from the sale of the shares by the Selling Sto...

FORTUNE Magazine Names Encore Capital Group to ‘100 Fastest-Growing Companies’ List for Second Year in a Row

SAN DIEGO, Sept. 10, 2012 /PRNewswire/ -- For the second consecutive year, Fortune has named Encore Capital Group (NASDAQ: ECPG) to its 2012 list of the "100 Fastest-Growing Companies." This achievement is a reflection of Encore's continued leadership in debt management and recovery solutions. "Our efforts to help consumers work toward a better financial future drive our success and growth," said Encore CEO Brandon Black. "In the past year, we've continued our focus on new business opportunities, behavioral science, operational investments, and strengthening our analytical capabilities, which are all fundamental to our leadership position in this space." To be eligible for the "10...

Encore CEO Brandon Black rings NASDAQ stock market’s closing bell

encore_capital_ring_nasdaqEncore Capital Group, Inc. [ECPG], a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, will visit the NASDAQ...

Read More >

Encore Capital Group recognized as ‘San Diego’s Healthiest Large Company’ for a second year in a row

encore_san_diego_healthiest_companySAN DIEGO, May 24, 2012 /PRNewswire/ -- Encore Capital Group has been named -- for the second year in a row -- "San Diego's Healthiest Company" in the Large Company category.

Read More >

Propel Tax Loan Company Sold

redmccombsSan Antonio's Propel Financial Services LLC, a business co-founded by B.J. “Red” McCombs, has been sold to San Diego-based Encore Capital Group Inc. for $186.8 million.  

Read More >

Encore CFO Paul Grinberg featured in CEO-CFO Interviews magazine

paul_grinbergAn interview with our CFO, Paul Grinberg, is featured in the most recent issue of CEO-CFO Interviews magazine (see http://ceocfointerviews.com/CurrentIssue08.htm). A subscription is required to read the full article on the site.

Read More >

Executive Profile: Brandon Black

brandon_blackSan Diego’s Regional Chamber of Commerce profile of Encore CEO Brandon Black.

Read More >

National Collections and Credit Risk Conference in New Orleans

ccriFrom our Consumer Credit Research Institute (CCRI),www.encoreccri.org: Encore Sr. Vice President and Chief Scientific Officer Dr. Christopher Trepel, and VP of Consumer...

Read More >

Encore Capital Group among International Business Times’ Top 1000

ibt-1000Encore Capital Group recognized among International Business Times' Top 1000 Fastest Growing Companies.  

Read More >

Scientific Curiosity Fuels New Consumer Research Firm

scientific_curiosity_fuels_new_consumer_researchWhy do consumers make the choices they do? Why buy one jacket, but pass on another? Why invest in one bond, but not the latest Silicon Valley IPO?

Read More >

Brandon Black discusses health care matters for employers

brandon_black_discussesEncore's CEO, Brandon Black, discusses some of the innovative things Encore is doing around managing healthcare expenses and working with our employees to better manage their health and the company's health care expenditures.

Read More >

Encore Capital Group named one of Fortune’s Top 100 Fastest Growing Companies

fortune-100_thumbFortune magazine in September named Encore Capital Group to its 2011 list of 100 Fastest-Growing Companies, a first for the company. Encore was the only company in its industry to make the 2011 list.

Read More >