CFPB Takes Action Against Performant Recovery — $700,000 Penalty
RedMap Risk Score
80/100
CRITICAL RISK
Risk Signal Summary
The CFPB took action against Performant Recovery, Inc. for unlawful student loan debt collection practices, imposing a $700,000 penalty and banning the company from servicing student loans. The violations cost borrowers thousands of dollars in fees.
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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Multiple related entities detected
🔒 Performant Recovery, Inc. has potential risk indicators with connected organizations. Unlock full network analysis.
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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