Texas-Based Commerical Debt Collector Faces Penalty and Consent Order From Minnesota

Minnesota Commerce Commissioner Mike Rothman announced yesterday that a Texas-based debt collection company is facing a $500,000 penalty and a consent order that requires the company to change its ways, including rewriting its collection manual and retraining its employees. The financial penalty is the largest ever imposed on a debt collection agency by the Minnesota Commerce Department.

The company – Tucker, Albin and Associates, Inc., of Richardson, Texas (Tucker, Albin) – specializes in commercial debt collection, seeking to recover money owed or due by businesses.  The company was licensed to operate as a collection agency in Minnesota.

The Commerce Department’s consent order detailed specific charges against Tucker, Albin. They include:

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