Licensed under Wis. Stat. s. 138.14, payday lenders lend money to consumers and are allowed to accept the consumer's check(s) or authorization for electronic fund transfer(s) and hold the check(s) or authorization for a period of time before presenting the check(s) or initiating the electronic fund transfer(s) in payment of the loan. The loans offered by payday lenders are limited to $1,500 or 35% of a consumer’s gross monthly income, whichever is less.
Wisconsin payday lenders are required to maintain their Wisconsin licenses on
the Nationwide Multistate Licensing System & Registry (NMLS).
Information about Wisconsin payday lender licensing is found in the NMLS Resource Center and information about licensed Wisconsin payday lenders is found on the NMLS Consumer Access website.
Frequent Links
Helpful Information
- Order Regarding Database Transaction Fee. Written July 1, 2011.
- 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