Relating to: payday loans. (FE)

SB 760 modifies Wisconsin's payday loan regulations to increase borrower protections. It requires lenders to verify a borrower's ability to repay before issuing a loan (Section 7) and caps total debt from all lenders at $1,500 or 35% of monthly income (Section 14). The bill prohibits loans maturing in under 90 days (Section 16g) and mandates clear disclosures about payment plans and interest costs (Section 5). These changes directly affect payday lenders and borrowers by restructuring loan terms, limiting debt accumulation, and requiring transparency in financing terms.