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Deal Diversifies a Defaulted-Debt Buyer

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Portfolio Recovery Associates, whose main business is buying and collecting overdue consumer debts, is trying its hand at chasing down money owed under class-action settlements.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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17th Annual Best Practices in Retail Financial Services Symposium
March 11-13, 2012
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