25, 2012 - The Minnesota Department of Commerce collected $1 million in penalties this week from a national mortgage settlement announced in February. Forty-nine states including Minnesota joined the $25 billion settlement which involves the nation’s five largest national mortgage lenders: Bank of America, JP Morgan Chase, Wells Fargo, Citibank, and GMAC/Ally Financial.
15, 2012 - SAINT PAUL, MN – In a coordinated effort with federal law enforcement agencies that executed search warrants at three locations associated with C.C. Brown Law Office in Utah Tuesday, Commissioner Mike Rothman issued a statement of charges against Charles Craig Brown, Chad Gettel, and C.C. Brown Law, LLC for allegedly engaging in unlicensed mortgage modification activities in Minnesota.
12, 2012 - Commissioner Mike Rothman announced that a settlement agreement between the American International Group, Inc. (AIG) and its affiliates with all states and the District of Columbia has become fully effective. Minnesota was one of eight leading states to conduct a Multistate Market Conduct Examination that revealed AIG misrepresented its workers’ compensation insurance premiums to reduce their taxes and assessments, resulting in the $2.1 million settlement for the State of Minnesota.
06, 2012 - Commissioner Mike Rothman this week signed a regulatory settlement agreement with American Family Life Assurance Company of Columbus (AFLAC). The Minnesota Department of Commerce joined with the Departments of Insurance of Idaho and Missouri in conducting a market conduct examination.
20, 2012 - A joint release from the Minnesota Department of Commerce and the Office of Hennepin County Attorney Mike Freeman: A Hennepin County jury today convicted Joseph Duane Gustafson Jr., 37, of racketeering in the Beat Down Posse case.
17, 2012 - The Minnesota Department of Commerce continued its efforts this week to keep convicted felons out of the pocketbooks of Minnesota consumers. Commissioner Mike Rothman took action against 49 debt collection agencies nationwide that are owned and operated by NCO Financial Systems, Inc.
14, 2012 - The Minnesota Department of Commerce announced today that 81,970 Minnesota consumers who purchased travel insurance on Travelocity.com between June 1, 2009 and January 24, 2012 will receive nearly $2.5 million in refunds.
03, 2012 - A Chicago-based collection agency that allegedly misplaced the personal medical and financial records of 23,531 Minnesota patients and allegedly violated other state laws now faces corrective action from the Minnesota Department of Commerce. Chicago-based Accretive Health, Inc., a licensed debt collector in Minnesota, faces allegations that the company deceived debtors, allowed unregistered employees to act as debt collectors, and went to great lengths to disguise its role as a collection agency from consumers.
25, 2012 - The Minnesota Department of Commerce is continuing its efforts to root out mortgage fraud in a troubled real estate market. Commissioner Mike Rothman has issued a statement of charges alleging that Steven Carver of Carver and Associates Real Estate orchestrated an elaborate mortgage kickback scheme that cost lenders $3.3 million and put more than 18 homes into foreclosure or short sale.