GlobeNewswire Inc | Nov 3, 2020 06:00PM EST

November 03, 2020

BENSALEM, Pa., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smithcontinues its investigation on behalf of Encore Capital Group, Inc. (Encore or the Company) (NASDAQ: ECPG) investors concerning the Companys possible violations of federal securities laws.

On September 8, 2020, the Consumer Financial Protection Bureau (CFPB) filed a complaint alleging that Encore and its subsidiaries violated a consent order by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.

On this news, the Companys share price fell $3.59, or 10%, to close at $42.29 on September 9, 2020, damaging investors.

If you purchased Encore securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email tohowardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

ContactsLaw Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com