May 15, 2013 - SAINT PAUL, MN – Commerce Commissioner Mike Rothman signed a Resolution and Regulatory Settlement Agreement with Prudential Insurance Company today to ensure payment of due and payable proceeds from life insurance policies, annuity contracts, and retained asset accounts to Minnesota beneficiaries, and strengthened procedures to make sure policy holders and beneficiaries receive the unclaimed proceeds from these policies and contracts in a timely manner in the future.

April 22, 2013 - SAINT PAUL, MN – Within this decade, there will be more Minnesotans over the age of 65 than children enrolled in our public schools. Senior citizens across the country hold the majority of the nation’s wealth and scam artists know it. As part of Financial Literacy Month, The Department of Commerce and AARP held a tele-town hall this morning for Minnesota’s seniors about the importance of protecting themselves from financial fraud.

April 10, 2013 - The Minnesota Department of Commerce, Division of Energy Resources has issued an alert to consumers who are considering the purchase of radiant barriers in their attics. The Commerce Department, which has received recent reports of salespeople pitching the radiant barrier product in flyers and at free dinners throughout Minnesota, warns consumers that radiant barriers are not a cost-effective way to reduce heating or cooling loads in Minnesota.

April 03, 2013 - SAINT PAUL, MN – As part of Financial Literacy Month, Commissioner Mike Rothman will visit Tartan Senior High School in Oakdale and attend peer-to-peer financial literacy presentations conducted by DECA students. He will then tour Tartan’s newly-opened branch of the Postal Credit Union, the first credit union branch to be entirely run by students.

April 01, 2013 - The third week of Financial Literacy Month will focus on families and features a Virtual Town Hall.

March 19, 2013 - Commerce Commissioner Mike Rothman, for the second year, issued a letter to more than 9,000 licensed CPAs in Minnesota, to urge tax professionals to use their expertise to help spot elder fraud and financial abuse.

March 12, 2013 - SAINT PAUL, MN – Concern over hazardous chemicals in children’s products and toys has grown in the past several years. In order for Minnesota families to stay informed of potentially dangerous products, the Minnesota Department of Commerce urges parents to stay vigilant about product and toy safety, and hazardous chemicals, and to sign up for product recall alerts.

March 08, 2013 - SAINT PAUL, MN – Payday lending, short-term consumer loans have nearly doubled in the past five years, reaching a high of 350,000 in 2011. Minnesotans may turn to payday-lending companies to make ends meet during difficult economic times, the Department of Commerce urges consumers to beware if committing to a payday loan online.

March 07, 2013 - SAINT PAUL, MN – As part of National Consumer Protection Week, the Minnesota Department of Commerce warns consumers to protect themselves against identity theft. Minnesotans who suspect they might be victims of identity theft should act quickly to minimize the damage to their credit reports and lessen financial losses.

March 07, 2013 - SAINT PAUL, MN — As winter conditions turn to spring melting, the Minnesota Department of Commerce is reminding Minnesota homeowners to determine if they may need flood insurance coverage. Flood damage is not covered under a standard homeowner's policy.