ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Regulation FD DisclosureItem 7.01.Regulation FD Disclosure.
On December 4, 2018, the Company issued a press release announcing a settlement agreement with 42 states and the District of Columbia. The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
The information in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1, is being furnished to the Securities and Exchange Commission to Item 7.01, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.
Item 9.01.Financial Statements and Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press Release |
ENCORE CAPITAL GROUP INC ExhibitEX-99.1 2 ex991-pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Encore Enters Settlement Agreement with 42 States and the District of ColumbiaSettlement will cause no material impact to the businessReserves put in place in 2015 will cover monetary termsSAN DIEGO — December 4,…To view the full exhibit click here
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.