The Wall
The Wall section of our website is dedicated to the proposition
that illegal collection activity and misconduct ought to be bared
to the light of day--instead of hiding behind confidentiality
agreements that do nothing but give collectors a chance to violate
the law again. If we find an interesting letter, or hear an
abusive phone call, it will go up here on The Wall with a short
descriptive note to give the item some context. This is also where
we direct any regulatory authorities or legislators to hear or see
for themselves the illegal conduct engaged in by some debt
collectors.
We respect our
clients' privacy and will never post anything here that is
identifiable to any of our clients without their permission, nor
will we post anything in violation of a court order.
From the Minnesota Department of Commerce
COMMERCE COMMISSIONER TAKES
ACTION AGAINST COLLECTION AGENCY
Sallie Mae entity pays record civil penalty; will
design compliance plan.
(St. Paul) A year-long Minnesota Department of Commerce
investigation into the practices of a collection agency owned by
Sallie Mae has resulted in the largest civil penalty ever imposed
against a collection agency licensed in Minnesota. Minnesota
Commerce Commissioner Glenn Wilson announced that Arrow Financial
Services LLC of Niles, IL has paid $125,000 and will design and
implement a compliance program within 60 days.
Click
here to read the full news release here.
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