15, 2012 - As foreclosures continue to threaten the financial stability of Minnesota families and neighborhoods, the Minnesota Department of Commerce today announced four recipients of competitive grants focused on stemming the impact of foreclosures in our communities.
14, 2012 - Eveleth 5th grader Quinn Muhich was recently named the winner of the Hit a Homerun for Financial Literacy Contest, a statewide essay contest sponsored by Governor Mark Dayton, the Minnesota Department of Commerce, and the Minnesota Twins. Muhich, whose award-winning essay detailed ways that kids can “wait, save, and give,” won four free tickets to last Saturday’s Twins game, a bat signed by Minnesota Twins Manager Ron Gardenhire, and a shout-out on the Twins-O-Gram big screen during the fourth inning.
07, 2012 - Over the last seven years, more than 136,000 Minnesota homes have gone into foreclosure – and Minnesota isn’t out of the woods yet. Last month, one out of every 902 Minnesota households received a notice of foreclosure. North Minneapolis residents, more than others, have felt firsthand the devastating impacts of the nation’s housing crisis.
07, 2012 - The Minnesota Department of Commerce returns to Farmfest this year, with more information relevant to rural Minnesota economies than ever before. The Commerce Department booth is located in the Agriculture Building, where Commerce staff will be on hand to answer questions about a variety of topics affecting the lives of farm families and businesses.
07, 2012 - Sometimes money goes missing due to a change of address or a death in the family. That’s when the Minnesota Department of Commerce steps in to help Minnesotans find and claim what is rightfully theirs. This year alone the Commerce Department reunited 7,200 Minnesotans with $19 million in missing bank accounts, life insurance policies, safe deposit boxes, unclaimed paychecks, and other real property and financial assets – a 13 percent improvement over 2011.
03, 2012 - U.S. Sen. Al Franken and Minnesota Commerce Commissioner Mike Rothman will discuss the impact on Minnesota of a provision that Sen. Franken added to the nation's health reform law that has resulted in health insurance rebates for almost 13 million Americans – including 123,000 Minnesotans this year. Franken based his measure on a Minnesota law.
23, 2012 - The Minnesota Department of Commerce is reminding consumers to fully educate themselves before purchasing Limited Medical Benefit Insurance, or Mini-Med Plans. Often these limited benefit plans are bare bones policies that cover specific expenses and have many more limitations than a comprehensive medical plan. Mini-Med plans may seem like a bargain, but may not always be the best or only option.
15, 2012 - SAINT PAUL, MN – In a coordinated effort with federal law enforcement agencies that executed search warrants at three locations associated with C.C. Brown Law Office in Utah Tuesday, Commissioner Mike Rothman issued a statement of charges against Charles Craig Brown, Chad Gettel, and C.C. Brown Law, LLC for allegedly engaging in unlicensed mortgage modification activities in Minnesota.
12, 2012 - Commissioner Mike Rothman announced that a settlement agreement between the American International Group, Inc. (AIG) and its affiliates with all states and the District of Columbia has become fully effective. Minnesota was one of eight leading states to conduct a Multistate Market Conduct Examination that revealed AIG misrepresented its workers’ compensation insurance premiums to reduce their taxes and assessments, resulting in the $2.1 million settlement for the State of Minnesota.
24, 2012 - The Minnesota Department of Commerce and Alliant Energy are teaming up to warn consumers about a recent scam targeting utility customers throughout the Midwest. Alliant Energy customers in Wisconsin and Iowa have received calls from individuals impersonating Alliant representatives. The callers then claim a customer’s account is delinquent and demand immediate, full payment to avoid immediate disconnection.