Felicia Wright, Petitioner: v. Portfolio Recovery Associates, LLC.
The Colorado Supreme Court ruled that the Colorado Fair Debt Collection Practices Act applies to debt buyers like Portfolio Recovery Associates, requiring them to comply with state licensing and validation notice requirements. This decision clarifies that debt buyers are 'collection agencies' under state law.
Aforeworn detected this change in the Debt Collection (FDCPA / State) space on July 7, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Debt buyers operating in Colorado, including Portfolio Recovery Associates and similar entities. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately; non-compliance may result in legal action.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Debt Collection (FDCPA / State) continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Debt buyers are now explicitly subject to the Colorado Fair Debt Collection Practices Act, including licensing requirements and validation notice obligations.
Who it affects
Debt buyers operating in Colorado, including Portfolio Recovery Associates and similar entities.
What you must do
Ensure your entity holds a valid Colorado collection agency license and update validation notice procedures to comply with state law.
Deadline
Immediately; non-compliance may result in legal action.
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Aforeworn watches Debt Collection (FDCPA / State) around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
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