State Reaches Settlement With Debt-Buying Company



(St. Paul, MN)  --  A settlement has been reached between the state of Minnesota and a debt-buying company accused of filing unreliable court papers.  Minnesota Attorney General Lori Swanson says Midland Funding filed more than 15-thousand lawsuits against Minnesotans, often based on very sketchy information.  The settlement requires Midland to change its practices in Minnesota.  This was the first lawsuit of its kind by a governmental agency against a debt buyer for so-called "robo-signing" and filing affidavits that haven't been verified or read by its employees.

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Topics : Business_FinanceLaw_Crime
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Locations : MinnesotaPaul
People : Lori Swanson
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