New Minnesota commerce commissioner investigates debt collection agencies

Feb 01, 2011 Kyle Duncan

New Minnesota commerce commissioner investigates debt collection agencies

The commissioner of the Minnesota Commerce Department is preparing to take action against several debt collection firms for not properly conducting background screenings of individual employees.The Minneapolis Star Tribune reports that Minnesota


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Auto financier posts fourth straight profitable quarter

Feb 01, 2011 Brian Bradley

Auto financier posts fourth straight profitable quarter

Ally Financial, a company the U.S. government owns a majority stake in, posted its fourth straight profitable quarter, according to The Wall Street Journal. Due to lower revenue losses and a larger auto loan book, Ally has begun to redeem its


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Bill to lift title loan rate cap

Feb 01, 2011 Todd Milner

Bill to lift title loan rate cap

Title loans, which were essentially outlawed in New Hampshire in 2009, could be brought back under a bill to be considered by the Senate Commerce Committee, reports the Concord Monitor.Sponsored by state Senator Sharon Carson, a Republican


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Maryland to halt credit checks in hiring

Jan 31, 2011 Matt Roesly

Maryland lawmakers are working to ban the practice of checking the consumer credit reports of prospective employees, according to Change.org. Credit report screening is quite common among the nation's employers, however Maryland would be


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Michiganders unsure that added income translates to consumerism

Jan 31, 2011 Brian Bradley

Thanks to payroll tax cuts and a slowly improving economy, Michigan residents have more money in their pockets these days. However, that does not mean they are ready to return to their previous spending ways, The Detroit News reports.Still


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