The Minnesota Department of Commerce has fined an organization $20,000 for engaging in collection activity in the state without a license and for failing to respond to the state’s requests for information.
According to a final order issued this month, the department imposed the civil penalty against Fast Results Solution Group after concluding that the company conducted collection activity in Minnesota without obtaining the required state license and then ignored multiple requests from regulators seeking information about its activities. The matter proceeded through the administrative process after the company failed to participate in the case, leading to a default finding and the imposition of sanctions.
The case stemmed from a consumer complaint received by the Department in late 2024. A Minnesota consumer reported being contacted by phone about an alleged unpaid loan and being told that nonpayment could constitute fraud. The consumer later received payment forms by email and authorized ACH withdrawals from her bank account. Two withdrawals totaling $330 were taken in December 2024. The Department determined the entity involved was engaging in collection activity in Minnesota without being licensed to do so.
When regulators attempted to investigate, the company did not respond to an information request and later failed to comply with an administrative subpoena seeking details about its Minnesota collection activity. Notices related to a prehearing conference and subsequent orders from the administrative law judge also went unanswered. As a result, the allegations were deemed proven by default.
Under Minnesota law, collection agencies must be licensed to operate in the state, and regulated entities are required to provide requested information to the Department of Commerce. The Commissioner found that the violations were willful and serious, noting that licensing and regulatory cooperation are central to protecting consumers and enabling state oversight. The final order authorizes the $20,000 civil penalty, reflecting two violations at up to $10,000 per violation. Interest may accrue if the penalty is not timely paid.
