WDFIWisconsin Department of Financial Institutions
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In addition to exceptional regulatory oversight of the debt collection industry provided by WDFI and Wisconsin state law, the federal Fair Debt Collection Practices Act (FDCPA) outlines several important items that consumers can use to discern a legitimate attempt to recover a debt.
The change is intended to reduce regulatory examination costs and to move oversight of the Bank to the WDFI which is focused on the local community banks and financial institutions.