July 24, 2016 1:18 PM ET

Consumer Finance

Company Overview of Encore Capital Group, Inc.

Company Overview

Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions for consumers and property owners across a range of financial assets worldwide. The company operates in two segments, Portfolio Purchasing and Recovery, and Tax Liens. The Portfolio Purchasing and Recovery segment purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery. This segment is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-per...

3111 Camino Del Rio North

Suite 103

San Diego, CA 92108

United States

Founded in 1998

6,664 Employees

Phone:

877-445-4581

Key Executives for Encore Capital Group, Inc.

Chief Executive Officer, President, Director and Ex-Officio Member of Consumer Experience & Compliance Committee
Age: 62
Total Annual Compensation: $860.0K
Chief Financial Officer, Executive Vice President and Treasurer
Age: 57
Total Annual Compensation: $500.0K
Executive Vice President of U.S. Debt Purchasing and Operations
Age: 50
Total Annual Compensation: $340.0K
Senior Vice President, General Counsel and Corporate Secretary
Age: 49
Total Annual Compensation: $300.0K
Group Executive of International and Corporate Development
Age: 55
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2015.

Encore Capital Group, Inc. Key Developments

The U.S. Supreme Court Allows Class-Action Lawsuit Against Encore Capital Group Inc

The U.S. Supreme Court allowed a class-action lawsuit against Encore Capital Group Inc. to proceed, declining to hear the debt-buying giant's claim that such companies should be protected from state laws barring money-lending at unreasonably high interest rates. The court left a May 2015 ruling by the 2nd U.S. Circuit Court of Appeals in New York in place. That ruling found that the company's Midland Funding and Midland Credit Management units were not national banks with legal protection against such state usury laws. The class-action lawsuit was brought by a New York borrower named Saliha Madden, a borrower in New York, brought the class-action lawsuit. Madden objected to the 27% interest rate that Midland sought to impose on approximately $5,000 in debt it had bought that she had incurred on a credit card account opened years earlier at Bank of America, according to court papers.

Encore Capital Group, Inc. Presents at The William Blair & Company 36th Annual Growth Stock Conference, Jun-14-2016 11:30 AM

Encore Capital Group, Inc. Presents at The William Blair & Company 36th Annual Growth Stock Conference, Jun-14-2016 11:30 AM. Venue: The Four Seasons Hotel, 120 East Delaware Place, Chicago, IL 60611, United States. Speakers: Bruce Thomas, Vice President of Investor Relations, Jonathan C. Clark, Chief Financial Officer, Executive Vice President and Treasurer, Kenneth A. Vecchione, Chief Executive Officer, President, Director and Ex-Officio Member of Consumer Experience & Compliance Committee.

Encore Capital Group, Inc. Presents at SunTrust Robinson Humphrey 2016 Financial Services Conference, May-24-2016

Encore Capital Group, Inc. Presents at SunTrust Robinson Humphrey 2016 Financial Services Conference, May-24-2016 . Venue: Lotte New York Palace, 455 Madison Avenue at 50th Street, New York, NY 10022, United States.

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