8 debt collection firms fined
- October 6, 2011 - 9:43 PM
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 collector Location Hired felons? Fine
Allied Interstate LLC Plymouth $300,000
Bureau of Collection Recovery LLC Eden 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 Systems Carrollton, 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
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