CFPB Orders Portfolio Recovery Associates to Pay Over $24 Million for Illegal Debt Collection Practices
RedMap Risk Score
80/100
CRITICAL RISK
Risk Signal Summary
The CFPB has taken action against Portfolio Recovery Associates for violating a 2015 order and engaging in illegal debt collection practices, proposing over $24 million in penalties and consumer payments. The violations occurred in Norfolk, Virginia.
Why This Matters
Governance and compliance anomalies in organizations managing public funds or charitable assets directly affect donors, beneficiaries, and taxpayers. The risk indicators identified in this report warrant further scrutiny by regulators, donors, and oversight bodies.
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Sign up free to unlock →Disclaimer: This report identifies risk indicators and unusual financial patterns based on publicly available IRS Form 990 data and government enforcement records. It does not assert fraud, criminal conduct, or legal violations. All findings are for informational purposes only and should not be construed as legal or financial advice.
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