Michael Flock, Chairman & CEO of FLOCK Specialty Finance, will be participating in the 2020 Business Revolution Week roundtable discussion as a subject matter expert in the Debt Sales industry. Please …
Charged-Off Debt Dropped to Lowest Levels Since 2013
A recent look at purchases by public U.S. debt buyers confirms that sale volumes for charged-off debt dropped sharply in Q2 2020 to their lowest level since 2013. We attribute …
KBW’s Eric Hagen, CFA, Reports About Encore’s 2Q20 First Look: Strong Earnings Rebound on Cash Collections & Lower Expenses
ROCK[$4.13;$4.34;$2.27;$2.58] Earnings rebounded meaningfully Q/Q on higher revenue and lower expenses. Roughly half the estimated cash collections that were pushed out/deferred due to Covid were recouped in 2Q, which primarily …
KBW’s Eric Hagen, CFA, Reports That PRA’s 2Q Collections Performance is Tracking Stronger Than Prior Outlook
PRAA provided an update that global cash collections for April and May were tracking 24% better than their assumptions at quarter-end. We expect the outperformance could offer a modest incremental …
Webinar: The Impact of Coronavirus and the Economic Downturn on the Debt Buying and Collections Industries
Michael Flock, CEO of FLOCK Specialty Finance, and panelists who are experts in the debt buying and collections industries hosted a webinar on Thursday, April 9, 2020. The panelists debated …
COVID-19: FLOCK Specialty Finance is Steady and Strong for You
To our friends in the debt buying, credit and collections industries, We hope you and your families are coping well during this sudden pandemic and time of unprecedented change and …