EIGHT DEBT COLLECTION FIRMS FINED
Regulators took action against eight debt collection firms, including six that hired felons. The state Commerce Department said the companies engaged in other misconduct.
Debt collectorLocationHired felons?Fine
Allied Interstate LLCPlymouth $300,000
Bureau of Collection Recovery LLCEden Prairie $150,000
AllianceOne Receivables Management Inc.Eagan $40,000
Van Ru Credit Corp.Park Ridge, Ill. $65,000
IC System Inc.St. Paul $65,000
General Revenue Corp.Cincinnati, Ohio $50,000
Nationwide Recovery SystemsCarrollton, Texas $250,000*
Commercial Recovery Corp.Blaine $40,000
* Fine stayed. Potential fines of up to $10,000 per offense; company has right to challenge allegations.
Source: Minnesota Commerce Department
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Local
Twin Cities restaurant chain owner charged in Dakota County with dodging $260K in taxes
Claudia Gutierrez Mendez runs Hamburguesas El Gordo restaurants in Minneapolis, St. Paul and South St. Paul. She's facing charges that she filed false tax returns.
Business
Argentina labor unions' 1-day strike against President Milei paralyzes daily life
Argentina's biggest trade unions mounted one of their fiercest challenges to the libertarian government of President Javier Milei, staging a mass general strike on Thursday that led to the cancellation of hundreds of flights and halted key bus, rail and subway lines. Main avenues and streets, as well as major transportation terminals were left eerily empty.
Business
Top public relations executive at Chinese technology firm Baidu apologizes after sparking backlash
A top public relations executive from Chinese technology firm Baidu apologized Thursday after she made comments in a series of videos that critics said glorified a culture of overwork.
Business
Asteroids, Myst, Resident Evil, SimCity and Ultima inducted into World Video Game Hall of Fame
The World Video Game Hall of Fame inducted its 10th class of honorees Thursday, recognizing Asteroids, Myst, Resident Evil, SimCity and Ultima for their impacts on the video game industry and popular culture.
Business
Stock market today: Wall Street is off to a mixed start
Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%. A report showing a pickup in layoffs helped to keep the market steady. Investors hope the economy can stay solid enough to avoid a bad recession, but not so strong that it puts upward pressure on inflation. Robinhood Markets jumped after breezing past analysts' forecasts. Beyond Meat, the maker of plant-based meat substitutes, fell 13% after it posted a much wider loss than analysts expected as demand continued to crater.