WI DFI

Wisconsin Department of Financial Institutions Releases Emergency Guidance on Prohibited Debt Collection Practices

by James Gollnick James Gollnick

On April 13, 2020, The Wisconsin Department of Financial Institutions (“WI DFI”) released a guide titled “Emergency Guidance on Prohibited Debt Collection Practices,” along with a cautionary, interpretive letter issued from the WI DFI to a debt collector meant to serve as an example of impermissible practices.  The perceived intent of the guide is to encourage debt collectors to act reasonably during the current pandemic, and also to warn of the debt collection practices that are prohibited by the Wisconsin Consumer Act. Read more