Minnesota Fines Collection Agency for Violating Escheat Laws and Inadequate CMS

The Minnesota Department of Commerce has entered into a consent order with Range Credit Bureau, Inc.  The order fines the collection agency for a number of practices including: noncompliance with State escheat laws by failing file reports of Unclaimed Property for funds owed to customer who failed to negotiate refund or payment checks; failing to…

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Minnesota and Wisconsin Fine Agency for Failure to Escheat and Individual Collectors for Failure to Give Mini-Miranda Warnings

The Minnesota Department of Commerce and the Wisconsin Department of Financial Institutions, Division of Banking have entered into their first joint consent order with a collection agency.  American Accounts & Advisers, Inc. agreed to a civil penalty of $200,000 of which $125,000 will be stayed upon full completion of all action items listed in the…

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