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State Rep. Gordon Hintz, D-Oshkosh, consented. The yearly DFI report, he said, “is seriously underestimating the mortgage amount.”

State Rep. Gordon Hintz, D-Oshkosh, consented. The yearly DFI report, he said, “is seriously underestimating the mortgage amount.”

State Rep. Gordon Hintz, D-Oshkosh, stated under brand new proposed federal rules tightening legislation on short-term loans, he expects to see “more products morph into more threatening, more high-cost, long-lasting loans.” Picture through the working office of Rep. Gordon Hintz.

Hintz, an associate for the Assembly’s Finance Committee, stated it’s likely borrowers that are many really taking out fully installment loans that aren’t reported into the state.