14, 2014 - SAINT PAUL, MN – According to the Corporation for Enterprise Development (CFED), a national organization focused on helping low- and moderate-income households build assets, nearly 28% of Minnesotans don’t have enough savings to weather an emergency and nearly 17% don’t have full access to financial institutions, forcing many to turn to payday lenders charging high rates, in some cases 273% APR.
04, 2014 - As part of National Consumer Protection Week, which takes place March 2 – 8, the Minnesota Department of Commerce and Better Business Bureau of Minnesota and North Dakota (BBB) are partnering to offer consumers advice on companies offering credit repair services.
17, 2013 - SAINT PAUL, MN – Minnesota Department of Commerce Commissioner Mike Rothman released today the most recent in his series of podcasts focused on financial literacy and consumer education tips for making smart money decisions and avoiding financial pitfalls. The podcasts are aimed at providing useful information that will lead to a more secure financial life today and in the future
19, 2013 - HOPKINS, MN – Minnesota Vikings Wide Receiver Greg Jennings joined Minnesota Department of Commerce Commissioner Mike Rothman and Visa Inc. today to tackle the issue of financial literacy improvement head on among Minnesota teens. They announced a statewide effort to improve the money management skills of high school and middle school students with the rollout of Financial Football, a free educational video game and classroom curriculum developed by Visa Inc. The game will be available to every public middle school and high school in the Minnesota by contacting the Commerce Department.
18, 2013 - HOPKINS, MN – Minnesota Department of Commerce Commissioner Mike Rothman and Vikings Wide Receiver Greg Jennings will kick-off the Minnesota rollout of Financial Football, a free educational video game and classroom curriculum that helps improve the financial literacy and money management skills of middle and high school students.
14, 2013 - SAINT PAUL, MN – 76 percent of teens feel they should start learning about money and savings at kindergarten, a 2013 Junior Achievement survey reported. Research also indicates that consumers who have bank accounts are more likely to own other assets including having savings accounts, credit and insurance. Conversely, individuals without accounts are less likely to own a home or a car.
23, 2013 - SAINT PAUL, MN – Ninety percent of working-age households in the U.S. are not saving enough for retirement and about forty-five percent have nothing saved at all. The Minnesota Department of Commerce is urging Minnesotans to take steps to start saving during National Save for Retirement Week.