Portfolio Recovery Fined

Federal Government fines Portfolio Recovery Associates $8 million!

Bad Debt Buyers, News, Portfolio Recovery

Federal Government fines Portfolio Recovery Associates $8 million! After the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau, as authorized by the Dodd–Frank Consumer Protection Act, as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of…

Consumer Wins Against Portfolio Recovery

Consumer wins judgment against Portfolio Recovery Associates For $82 million!

Bad Debt Buyers, Creditor Lawsuits, Lawsuits, News, Portfolio Recovery

Consumer wins judgment against Portfolio Recovery Associates For $82 million! Two years ago a Kansas City woman, Marie Guadalupe Mejia Alcantara was sued by Portfolio Recovery Associates LLC for not paying a credit card debt that Portfolio claimed they had purchased. Portfolio Recovery Associates, LLC is a wholly owned subsidiary of PRA Group, Inc., which…