DFI Licensed Lenders and Payday Lenders Is Careful During COVID-19 Crisis

DFI Licensed Lenders and Payday Lenders Is Careful During COVID-19 Crisis On March 18, 2020, the Wisconsin Department of banking institutions (“DFI”) given crisis guidance to licensed lenders and payday lenders cautioning them from increasing customary rates of interest, costs, or any expenses of borrowing as a result to your crisis that is COVID-19. DFI clearly warned that increases will …

Report from SBREFA Panel on Payday, Title and Installment Loans

Report from SBREFA Panel on Payday, Title and Installment Loans Yesterday, I experienced the chance to take part being a consultant to a small entity agent (“SER”) during the business review panel on payday, title and installment loans. (Jeremy Rosenblum has four articles—here, right right here, right right right here and here—that evaluate the guidelines being evaluated at length.) The …