Topic: Wisconsin Consumer Act
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Wisconsin expands Consumer Act coverage & increases small claims limit
NEWS: Last Friday, Gov. Tony Evers signed into law 2025 Wisconsin Act 105. The Act makes two changes of importance to Wisconsin credit unions and other lenders, effective Jan. 1, 2027: Expanding […]
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State high court gives League and others a win in Consumer Act case
NEWS: Today, the Wisconsin Supreme Court issued an opinion that is a victory for anyone (including credit unions) facing a class action lawsuit under the Wisconsin Consumer Act (“WCA”). The League – together […]
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League to file “friend of the court” brief in consumer class action suit
NEWS: The Wisconsin Supreme Court has granted a request by The League – together with the Wisconsin Bankers Association and the Wisconsin Financial Services Association – to file a joint “friend […]
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DFI: Wisconsin Consumer Act – Ceilings and Floors on Variable Rate Loans (10/18/2001) Interpretive Opinions Issued by DFI
***** …DFI approves of a procedure under the WCA, in which caps and floors are implemented on variable rate openend lines of credit, without regard to the initial index value […]
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Consumer Act limits returned payment fees on closed-end loans
TIP: Recently, we’ve heard that state examiners have cited some credit unions for charging too much when a borrower makes a payment on a consumer loan (by check or ACH) […]
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#83004 – Wisconsin Open-End Credit Payment Waiver Agreement (Rev. 10/20)
Use for: WCUL Kwik-Cash or R.E.A.P.® Open-End line-of-credit agreements when governed by Wisconsin law. It allows the credit union and borrowers to agree to waive several payments and specify when […]
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#83004 – Wisconsin Open-End Credit Payment Waiver Agreement (Rev. 10/20)
Use for: WCUL Kwik-Cash or R.E.A.P.® Open-End line-of-credit agreements when governed by Wisconsin law. It allows the credit union and borrowers to agree to waive several payments and specify when […]
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#83003 – Loan Modification Agreement – Interest Rate and Payment Reduction (Rev. 5/20)
Use for: WCUL Closed-End Simple-Interest Loans when governed by Wisconsin law. It allows the credit union and borrowers to agree to a lower interest rate on a loan, with a […]
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#83003 – Loan Modification Agreement – Interest Rate and Payment Reduction (Rev. 5/20)
Use for: WCUL Closed-End Simple-Interest Loans when governed by Wisconsin law. It allows the credit union and borrowers to agree to a lower interest rate on a loan, with a […]
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#83002 – Wisconsin Simple Interest Loan Modification Agreement (Rev. 4/20)
Use for: Modification of WCUL closed-end loan agreements where several installments are rescheduled. Repayment options include: Monthly payments in the original amount, with extension of the final payment due date. […]