Encore Capital Group (NASDAQ: ECPG) reported Q2 EPS of $1.29, $0.08 better than the analyst estimate of $1.21.

“In the U.S., market participants have continued to exhibit discipline when bidding on portfolios, effectively reducing prices and helping returns remain elevated when compared to a year ago,” said Kenneth A. Vecchione, President and Chief Executive Officer. “Our consumer-centric liquidation programs also help to reinforce the favorable trend in improving returns as first-year liquidations and consumer satisfaction are both on the rise.”

“On the regulatory front, we were pleased to see the Consumer Financial Protection Bureau take the next step in the establishment of industry rules when they published their proposed rule outline last week. Although we’ll continue to evaluate their proposals as they become more refined, we believe the new rules will provide important clarity around key issues in our industry, remove uncertainty that was over-hanging the company and our industry, help raise industry standards to our high level, and create a more level playing field for all industry participants, both large and small.”

For earnings history and earnings-related data on Encore Capital Group (ECPG) click here.