Encore Capital Group, Inc. Buyback
OLI recorded this information on 8/12/2015
Encore Capital Group, Inc.
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 the approval of a $50 million share repurchase program by its Board of Directors.
Encore Capital Group is an international specialty finance company providing debt recovery solutions and other related services for consumers across a range of financial assets. Co. primarily purchases portfolios of defaulted consumer receivables at deep discounts to face value and manages them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers' unpaid financial obligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Co. also provides debt servicing and other portfolio management services to credit originators for non-performing loans.
ECPG SEC Filing Email Alerts Service
Open the ECPG Page at The Online Investor »
Buy (3.20 out of 4)