Licensed under Wis. Stat. s. 218.04, collection agencies are hired by creditors to collect the outstanding debts of individuals and companies.
Administrative Rule Revision
The Wisconsin administrative rules that apply to licensed collection agencies were revised in Clearinghouse Rule CR 23-039. The changes are effective April 1, 2024. Licensees should pay special attention to the following provisions: 74.01(1), 74.01(5m), 74.04(1), 74.04(1m), 74.05(1), 74.06(1), 74.06(3), 74.06(6), 74.07(1)(j), 74.10(1)(c), 74.10(2)(a), 74.11(10), 74.13(1), and 74.16(9m).
Frequent Links
Helpful Information
- Cybersecurity Resources
Cybersecurity 101 – a
resource developed by the Conference of State Bank Supervisors intended
to be an easily-digestible, non-technical reference guide to help
executives develop a comprehensive, responsive cybersecurity program in
line with best practices.
- Ransomware Self-Assessment Tool
– a resource developed by the Conference of State Bank Supervisors in
conjunction with the Bankers Electronic Crimes Taskforce and the United
States Secret Service which contains important controls that all types
of companies should use to assess their efforts to mitigate risks
associated with ransomware and to identify opportunities for increasing security.
Contact Us
Phone: (608) 261-7578
Email: DFI_LFS@dfi.wisconsin.gov