Debt collection group fined $24M

U.S. group orders debt collector to pay millions for illegal tactics –

The Consumer Financial Protection Bureau ordered a $24 million fine against Portfolio Recovery Associates after it was warned back in 2015 to clean up its act, but it didn’t.

“After getting caught red-handed in 2015, Portfolio Recovery Associates continued violating the law through intimidation, deception, and illegal debt collection tactics and lawsuits”

CFPB Director Rohit Chopra
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