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 Commerce joins three financial consumer protections settlements totaling $203 million
The settlements help ensure you receive the money management services you expect
The Minnesota Department of Commerce joined federal and state financial regulatory agencies across the U.S. to take coordinated enforcement actions involving financial consumer protection laws that have resulted in settlements with Block, Inc. (Cash App), Edward Jones, and Vanguard.
“Through collaboration with state and federal regulators, we have been able to protect consumers who rely on financial service companies to manage their money,” said Commerce Commissioner Grace Arnold. “The settlements show the value of state financial services regulators in making a larger impact on outcomes for consumers.”
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Income eligible renters and homeowners can apply to receive assistance
Weatherizing can keep your home warmer in the winter without stressing your furnace, and it can help reduce your energy bill. The Weatherization Assistance Program (WAP) provides free home energy upgrades to income-eligible homeowners and renters to help save energy and make sure your home is a healthy and safe place to live this winter.
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 National Unclaimed Property Day is February 1
You may have unclaimed property waiting for you
Commerce safeguards millions of dollars in unclaimed property lost due to circumstances like a change of address, a death, or unknowingly inheriting assets. As part of our mission to protect consumers, Commerce is committed to reuniting Minnesotans with their missing money and property.
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 Bitcoin ATM scams
A recent law aims to protect Minnesotans from crypto fraud
Consumers are using crypto kiosks, which work similar to cash ATMs, with increasing frequency. Unfortunately, crypto kiosk users are also increasingly becoming victims of scams. During the 2024 Legislative Session, Commerce worked with Rep. Amanda Hemmingsen-Jaeger and Sen. Jen McEwen, as well as with local law enforcement and other stakeholders, to develop this critical consumer protection bill. Learn more about how this law protects Minnesotans from fraud.
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Commerce in the News
Commerce Partners with the Financial Literacy Task Force
Commerce’s Financial Institutions Chief Examiner Aeton de Long-Hersh recently joined The Association for Black Economic Power’s Financial Empowerment Center. With more than 20 years of experience in the credit union industry, Aeton will be able to make a huge impact in improving financial literacy across Minnesota communities.
Extreme weather events push up insurance rates for Minnesotans
Commissioner Grace Arnolds offers tips for navigating insurance issues around extreme weather events in this MPR interview with meteorologist Paul Huttner.
Get updates and news from the Minnesota Department of Commerce at mn.gov/commerce or @MNCommerce on social media.
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