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Asset Acceptance is a subsidiary of Asset Acceptance Capital Corporation, a publicly traded company that purchases and collects defaulted debts. It has faced controversy over its practices regarding time-barred debt, which cannot be legally collected.
Learn about the history, role, and regulation of debt buyers in the US, who purchase delinquent or charged-off debts from creditors or lenders. Find out how debt buyers collect, resell, or repackage debts, and what consumer protection laws apply to them.
A partial list of major banking company mergers in the United States from 1900 to 2019, with the year, acquirer, acquired bank, merged entity, transaction value and ultimate successor. See the details of each merger and the historical context of the banking industry.
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Irving Picard is the court-appointed trustee who oversees the recovery of funds from the Madoff investment scandal. He has recovered $14.7 billion and made 15 distributions to investors as of March 2024.