About those Wisconsin rules
November 12, 2010 | Wisconsin | Comments (0)From the story:
The Wisconsin Financial Services Association has raised concerns that the rules proposed would also restrict banks, credit unions and other lenders from making small loans with very short terms. No loan under $1,500 could have a term shorter than 90 days, the rules say, or an “open-end” credit plan, one where, as with a credit card, interest continues to accumulate until the loan is paid off.
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