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Strict Standards: Declaration of truethemes_sub_nav_walker::end_lvl() should be compatible with Walker_Nav_Menu::end_lvl(&$output, $depth = 0, $args = Array) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_sub_nav_walker::start_el() should be compatible with Walker_Nav_Menu::start_el(&$output, $item, $depth = 0, $args = Array, $id = 0) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_sub_nav_walker::end_el() should be compatible with Walker_Nav_Menu::end_el(&$output, $item, $depth = 0, $args = Array) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 82

Strict Standards: Declaration of truethemes_gallery_walker::start_el() should be compatible with Walker_Category::start_el(&$output, $category, $depth = 0, $args = Array, $id = 0) in /home/content/69/9273769/html/wp-content/themes/Sterling/framework/theme-specific/navigation.php on line 157

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DFI Licensed Lenders and Payday Lenders Should Really Be Careful During COVID-19 Crisis

DFI Licensed Lenders and Payday Lenders Should Really Be Careful During COVID-19 Crisis

On March 18, 2020, the Wisconsin Department of banking institutions (“DFI”) given crisis guidance to licensed lenders and payday lenders cautioning them from increasing customary interest levels, charges, or any expenses of borrowing in reaction to your COVID-19 crisis.

DFI clearly warned that increases are going to be supervised closely and therefore any increases could matter the lending company to a unfavorable choosing. Any such increases in reaction to your COVID-19 crisis is considered “an crucial failure of the lenders’ character and physical fitness. to phrase it differently”

DFI further warned that willfully engaging in opportunistic and exploitative conduct could cause the suspension system or revocation regarding the lender’s license beneath the character and physical fitness demands for companies, officers, and directors. (more…)

Posted in: Massachusetts Payday Loan Near Me

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