One man’s debt is another man’s business opportunity and Portfolio Recovery Associates has reaped the benefits. The Norfolk,Va.-based company, which purchases defaulted debt from credit card companies ...

Portfolio Recovery Associates, a Norfolk, Va.-based debt buyer, reported across-the-board gains in third quarter cash collections, earnings and revenues. Cash collections increased 33% to a record ...

Portfolio Recovery Q2 EPS $1.14 vs est. $0.93 Asset Acceptance Q2 EPS $0.03 vs est. $0.02 Portfolio Recovery cash collections rise 41 pct Asset Acceptance rev up 4 pct (Recasts, adds conference call ...

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 ...

A Jackson County jury has ordered a debt collection agency to cough up nearly $83 million to a woman it mistakenly pursued to collect a credit card debt of little more than $1,000. The jury found that ...

"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 ...

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 ...

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of ...

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. So what: Portfolio ...