It looks like we’re going to see another state database. Wisconsin is trying to limit borrowers to one payday loan. The good news is no rate cap and I did not read anything about cool off periods.
All in all, it’s a much better looking bill than I’ve seen in other states.
Why they are banning title loans, I don’t know. Does not make any sense to me.
You can read some details in the Milwaukee Journal Sentinel.
