Debt collector Midland Funding agrees to change its practices to settle Minnesota lawsuit

  • Article by: STEVE KARNOWSKI , Associated Press
  • Updated: December 12, 2012 - 12:29 PM
  • 8
  • Comments

  • Results per page:
  • 1 - 8 of 8
EleanoreDec. 12, 1211:58 AM

Isn't it nice when organizations involved in criminal acts agree to be corrected. If only this standard applied to everyone.

17
0
albundy74Dec. 12, 1212:07 PM

Nice job to our AG and the office. It would have been better if the execs in charge at this company won a new wardrobe of orange jumpsuits with numbers on the back, for say 3-5 years.

19
0
bgmach3Dec. 12, 1212:13 PM

Haha! And how about you and the crooks you collect for spend a little time behind bars.

13
0
scottyhomerDec. 12, 12 1:01 PM

As someone who was harassed by a debt collector for money I never owed, I'm all for collecting fines from them and sending a few execs to jail. After two months of harassing calls, they finally admitted that they just picked a number out of the phone book because my name was similar to someone else's. That was the level of verification they used, and I'm glad to see the AG's office go after them from stuff like that.

16
0
daveseavyDec. 12, 12 1:20 PM

The AG is to be commended; she does a great job for us. I do think though, jail time would be a good idea. For all Midland's resources, this fine is a drop in the bucket, and likely considered to be the cost of doing business. The company perpetuated a fraud on the Courts, costing taxpayers dearly. If the decision-makers were to serve time for their actions, I think we'd see fewer companies pulling these stunts. People have to feel the sting of their actions, and writing a check, while good for MN, is very painless for these big corporations. If they're held personally accountable, they might think twice before breaking the law.

15
0
buskahDec. 12, 12 2:40 PM

I am very happy to see this settlement but without some of these people going to jail it isn't enough.

3
0
furguson11Dec. 12, 12 2:51 PM

"It has paid more than $2.1 billion to buy about 40 million accounts with a face value of about $66.4 billion, or about three cents on the dollar, mostly from banks, credit card companies and cellphone companies that had written off the bad debts" It must be nice to use the court system, paid for by the public, to do your dirty work for you.

1
0
member11Dec. 12, 12 3:18 PM

Great news, pay up crooks! Kudos to our awesome AG Lori Swanson!

0
0
  • 1 - 8 of 8

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Grade the Timberwolves season

Weekly Question

ADVERTISEMENT