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.
24, 2012 - This week, the Minnesota Department of Commerce continued its efforts to crack down on scams that defraud senior citizens. Commerce Commissioner Mike Rothman issued a statement of charges alleging that James Ronald Redden of JRR Enterprises, LLC befriended and then took advantage of several vulnerable senior citizens, encouraging them to invest more than $71,500 in fictional annuities.
29, 2011 - With reports this week that more than 14 million American homeowners are in foreclosure or delinquent on their mortgage payments, Commerce Commissioner Mike Rothman advised struggling Minnesota homeowners to use caution as they pursue modifications to their home loans.
01, 2011 - At the click of a mouse, unlicensed payday lenders located in other states are cashing in on Minnesota consumers. As Minnesotans struggle financially in tough economic circumstances, some payday lenders are taking their business online, charging customers big fees for small cash loans.