“We have had an amazing 15 months,” noted Kevin Stevenson, CEO of the debt collection giant PRA Group, during the company’s earnings call this week, indicating the coronavirus’ global upheaval and devastation has meant good business for those who profit off consumer debt.
Stevenson neglected to note one bit of bad news in PRA Group’s otherwise banner year: The company is now under federal investigation for potentially violating predatory loan rules. Learn about the probe, and much more, in today’s Midday Poster, exclusively for subscribers.
This is an excerpt of our Midday Poster — which is exclusive for Daily Poster supporting subscribers. If you’d like to read the full report — which includes much more — click here to become an $8-a-month or $70-a-year supporting subscriber. When you become a supporting subscriber, you get this kind of exclusive content, you get access to our live events, and you are helping us hire more journalists.