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Financial Services Law Insights and Observations

Wisconsin DFI issues emergency guidance on debt collection

State Issues Covid-19 Wisconsin Debt Collection

State Issues

On April 13, the Wisconsin Department of Financial Institutions issued guidance on debt collection practices that are prohibited during the Covid-19 crisis. Among them are repeated telephone calls and unsolicited threats to sue. The guidance warns that debt collectors that fail to respect hardships arising from the Covid-19 pandemic “should expect to be judged harshly.”