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Consumer Protection & Education News

A list of news releases related to consumer protection and education.

Results 61 - 70  (159 total results)

  • Attorney General Swanson and Commissioner Rothman Sue California Outfit Over Scheme to Deprive Consumers of State Legal Protections
    July 11, 2013 - Attorney General Lori Swanson and Commerce Commissioner Mike Rothman today filed a lawsuit against CashCall, Inc., a California outfit with a history of legal troubles, for charging Minnesota borrowers annual percentage rates ("APRs") of up to 342 percent and origination fees of up to $500 after falsely telling them that the loans are governed by tribal law.
  • The Department Of Commerce Focuses on Homeownership, Offers Guidance in Selecting a Real Estate Agent
    June 27, 2013 - SAINT PAUL, MN – To highlight National Homeownership Month, the Minnesota Department of Commerce is emphasizing the importance of consumer education in helping Minnesotans achieve affordable homeownership. According to the National Association of Realtors, existing-home sales are continuing to improve and the median sales price increased by double digits from the previous year. Many potential buyers and sellers might be encouraged to seize the opportunity of an improving market and put their homes on the market or start looking to purchase a home.
  • Commerce Department Offers Guidance, Resources to Minnesotans Suffering from Storm Damage
    June 24, 2013 - SAINT PAUL, MN – Clean up continues for Minnesotans who experienced the devastation this past weekend after days of torrential rains, damaging wind and hail. Many consumers may be left wondering what they need to do to make and resolve insurance claims and to repair property damage.
  • Minnesota Department of Commerce speaks out against elder fraud and abuse as part of World Elder Abuse Awareness Day
    June 14, 2013 - SAINT PAUL, MN – As part of the eighth annual World Elder Abuse Awareness Day, Minnesota Department of Commerce Commissioner Mike Rothman partnered with the state’s leading experts on preventing elder abuse and exploitation at William Mitchell College of Law annual event to raise awareness in this often under-recognized problem. Commissioner Rothman’s presentation, “Preventing Elderly Investment Fraud,” was tailored to health care professionals, focusing on how to spot and report fraud and financial abuse within the elderly and vulnerable adult populations.
  • Commerce Department Settlements on Life Insurance Accounts Top $1.1 Million and Add Consumer-Protection Changes
    May 17, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce recently took action against Lincoln National Life Insurance Company and Northwestern Mutual Life Insurance Company due to alleged current or former practices that automatically enrolled consumers into retained asset accounts – without providing beneficiaries with the option to decide whether they wanted life insurance proceeds placed in such accounts which may not have been suitable for the beneficiary or paid in one lump sum cash payment upon the death of policy holder.
  • Commerce Commissioner Mike Rothman Announces $14 Million settlement with Prudential on Unclaimed Death Benefits
    May 15, 2013 - SAINT PAUL, MN – Commerce Commissioner Mike Rothman signed a Resolution and Regulatory Settlement Agreement with Prudential Insurance Company today to ensure payment of due and payable proceeds from life insurance policies, annuity contracts, and retained asset accounts to Minnesota beneficiaries, and strengthened procedures to make sure policy holders and beneficiaries receive the unclaimed proceeds from these policies and contracts in a timely manner in the future.
  • Commissioner Rothman teams up with AARP to talk about elder fraud, financial abuse prevention
    April 22, 2013 - SAINT PAUL, MN – Within this decade, there will be more Minnesotans over the age of 65 than children enrolled in our public schools. Senior citizens across the country hold the majority of the nation’s wealth and scam artists know it. As part of Financial Literacy Month, The Department of Commerce and AARP held a tele-town hall this morning for Minnesota’s seniors about the importance of protecting themselves from financial fraud.
  • Department of Commerce warns of salespeople pitching energy savings from radiant barriers
    April 10, 2013 - The Minnesota Department of Commerce, Division of Energy Resources has issued an alert to consumers who are considering the purchase of radiant barriers in their attics. The Commerce Department, which has received recent reports of salespeople pitching the radiant barrier product in flyers and at free dinners throughout Minnesota, warns consumers that radiant barriers are not a cost-effective way to reduce heating or cooling loads in Minnesota.
  • Minnesota High School Students Showcase Their Financial Literacy Savvy
    April 03, 2013 - SAINT PAUL, MN – As part of Financial Literacy Month, Commissioner Mike Rothman will visit Tartan Senior High School in Oakdale and attend peer-to-peer financial literacy presentations conducted by DECA students. He will then tour Tartan’s newly-opened branch of the Postal Credit Union, the first credit union branch to be entirely run by students.
  • Minnesota Department of Commerce celebrates Financial Literacy Month in April, Kicks Off Statewide Outreach Efforts
    April 01, 2013 - The third week of Financial Literacy Month will focus on families and features a Virtual Town Hall.
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