Licensed Financial Services
Licensed Financial Services regulates collection agencies, community currency exchanges, sales finance companies, adjustment service companies, sellers of checks, insurance premium finance companies, and payday lenders. It also regulates motor vehicle dealers, recreational vehicle dealers and manufactured home dealers that originate retail installment sales contracts and consumer leases.
Frequent Links
- Search the Licensee Lists
- View Administrative Orders Issued
- Information about how to obtain Criminal History Reports
Changes to Payday Lending Statute - effective 7/1/11
(PDF: 114 KB / 3 pages)-
Changes to Title Lending Statute - effective 7/1/11
(PDF: 89 KB / 2 pages)
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New Rule effective June 1, 2011 regarding Payday Lending
(PDF: 38 KB / 14 pages)
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Wisconsin Act 405 relating to Payday Lending – effective January 1, 2011
relating to payday lenders and licensed lenders (external link)
Licensees
- Adjustment Service Companies -- Help consumers with budgeting and debt resolution options
- Currency Exchanges -- Cash checks for a fee
- Collection Agencies -- Hired by creditors to collect outstanding debt
- Insurance Premium Finance Companies -- Finance insurance premiums
- Loan Companies -- Offer loans with an interest rate greater than 18%
- Payday Lenders -- Offer payday loans to consumers
- Sales Finance Companies -- Acquire installment sales contracts and consumer leases
- Sellers of Checks -- Transmit money and/or sell or issue checks, including money orders, traveler's checks and prepaid cards