Debtinvestor,
Look at ECPG and PRAA in USA for a view on USA market conditions. Also look at CFPB announcements re: regulation relating to debt collection. An update was expected September, but nothing came through.
From ECPG Q3 transcript:
Let's now turn to a review of Encore's domestic business. In the third quarter, we continued to see favorable purchasing dynamics in the U.S. market. Banks are building their loan loss provisions and net charge-off rates continue to increase with some large credit card issuers reporting an acceleration in charge-off rates when compared to prior periods. As a result, we expect a meaningful growth in supply through next year and beyond.
Overall pricing remained favorable in the U.S. as our commitment to our disciplined pricing strategy remained firm.
I see a long runway for CCP in USA.
slooi
Debtinvestor, Look at ECPG and PRAA in USA for a view on USA...
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$14.97 |
Change
-0.080(0.53%) |
Mkt cap ! $1.018B | |||
| Open | High | Low | Value | Volume |
| $15.17 | $15.31 | $14.97 | $3.576M | 236.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4904 | $14.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.05 | 378 | 1 |
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