Back in December, I wrote about a Star Tribune story that detailed a number of problems with Minnesota’s debt collector licensing process. As noted in the story, many debt collection agencies weren’t conducting background checks of new collectors because they supposedly believed–erroneously it turns out–that the state was doing it for them.
This past week, the newly inaugurated Dayton administration informed eight of Minnesota’s largest debt collection firms that it’s “prepared to commence formal action” for failing to conduct criminal background checks of collectors. The eight firms that were notified were Allied Interstate Inc. of Plymouth, AllianceOne Receivables Management Inc. of Eagan, Bureau of Collection Recovery of Eden Prairie, I.C. System Inc. of St. Paul, Financial Recovery Services Inc. of Edina, NCO Financial Systems Inc. of Mendota Heights, Receivables Management Solutions Inc. of West St. Paul, and Van Ru Credit Corp. of Des Plaines, Ill.
Minn. prepares crackdown on debt collectors | Star Tribune | January 28, 2011