Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Gov. Doyle Bans Auto Title Loans
Posted on May 19th, 2010 No commentsGov. Jim Doyle banned auto title loans in Wisconsin by using his partial veto power to cross out parts of a payday lending bill so that it read: “No licensed lender may make a auto title loan.” The new law limits payday loans to $1,500 or 35 percent of the applicant’s monthly income, whichever is less, and borrowers may only roll over loans one time. Read the Associated Press article.
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