"CFPB orders are not suggestions, and companies cannot ignore them simply because they are large or dominant in the market," CFPB Director Rohit Chopra said after announcing a $24 million settlement ...

A proposed class-action lawsuit filed Wednesday accusing debt-buying giant Portfolio Recovery Associates of abusing U.S. courts by filing collection lawsuits against tens of thousands of consumers ...

We’ve all heard horror stories about predatory lenders. How about predatory collection agencies? Just ask Thomas Rizzo or Gloria Morrissette, or the countless others who fell for the deliberately ...

On March 23, 2023, the CFPB filed a complaint and proposed judgment against Portfolio Recovery Associates, LLC (“PRA”), one of the largest debt collectors in the United States. If entered by the court ...

Portfolio Recovery Associates LLC (Portfolio Recovery) agreed to pay $18 million to end multi-district litigation against the debt collection company for its alleged violations of the Telephone ...

Portfolio Recovery Associates Inc., a debt collector that buys defaulted debt from lenders and then tries to collect payment, has announced the opening of a call center that will employ 200 people in ...