Minnesota sues Edina debt firm over interest charges
For Jennifer Dahlke of Minneapolis, what started out as $2,073 worth of overdraft-related debt turned into a $4,312 nightmare that wouldn’t go away.
On Wednesday, Minnesota Attorney General Lori Swanson filed suit against Bradstreet and Associates, an Edina-based debt collection firm. She accused the firm of charging up to 21.75 percent interest on consumer debt, though a Minnesota law caps the interest rate at 6 percent.
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