An investigation on behalf of investors of Encore Capital Group, Inc. (NASDAQ: ECPG) shares over potential securities laws violations by Encore Capital Group, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Encore Capital Group, Inc. (NASDAQ: ECPG) concerning whether a series of statements by Encore Capital Group, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Diego, CA based Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. On September 8, 2020, the Consumer Financial Protection Bureau (CFPB) filed a complaint alleging that Encore Capital Group, Inc. 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.

Shares of Encore Capital Group, Inc. (NASDAQ: ECPG) declined from $49.01 per share on September 2, 2020, to as low as $36.91 per share on September 21, 2020.