Recently, Portfolio Recovery Associates Inc. (PRAA) announced a private placement of convertible senior notes due 2020 worth $250 million. In case of over-allotment, the initial purchasers will likely ...

Portfolio Recovery Associates Inc., a Norfolk, Va.-based debt buyer, Friday announced a $115.3 million acquisition of certain assets from National Capital Management LLC (NCM). The acquisition ...

Portfolio Recovery's focus on quality, profitability, diversified portfolios and strong cash collections position it to generate long-term growth. Its third quarter earnings surpassed the Zacks ...

"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 ...

George Cooley says the debt collectors have been after him for years, despite the fact that he lives on Social Security disability and just $1,300 a month. Cooley, 66, has been making debt payments of ...

Portfolio Recovery Associates Inc., the nation’s largest publicly traded purchaser of defaulted consumer debt, has completed its purchase of Norwegian company Aktiv Kapital AS, it said Wednesday.

Attorney General Maura Healey’s office has reached a multimillion-dollar settlement with a debt collection firm she said was illegally targeting the elderly, people with disabilities and others whose ...

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 ...

A debt collection agency has been ordered to pay $83 million to a Missouri woman after a jury decided that the agency 'maliciously prosecuted' her to collect a debt she did not owe. Maria Guadalupe ...