Legislature is back in session – The state legislature will be back in session for three weeks. The session runs from February 16 – March 4. We need action from you right away to pass strong regulation of Payday Lenders!
On Tuesday, February 16, the state Assembly will be debating Assembly Bill 447. This bill is considered a compromise to regulate the payday loan industry in Wisconsin. We know that the only way to regulate the payday lenders is with a rate cap on how much interest lenders can charge. The only bill that includes a rate cap is Rep. Gordon Hintz’ bill, Assembly Bill 392.
Rep. Hintz (D-Oshkosh) has worked extremely hard on trying to stop predatory lenders from putting people into debt. Do not be fooled by any other bills that claim they will regulate the industry. Please contact your legislators and tell them to OPPOSE AB 447 and SUPPORT AB 392. Please call the Legislative Hotline, 1-800-362-9472. If you do not know who your legislator is, the Hotline will let you know and connect you to his/her office. Or you can use this link to email your state Representative and Senator. The link can also determine who your legislators are.
We need many contacts opposing AB 447 and supporting AB 392. Pass this message on to your friends and family. Thanks for your hard work.
Here is a link to other committee hearings in the capitol this week.
For other Wisconsin Legislature information, including following the state Assembly and Senate when they are in session, go here.
Please feel free to contact me with any questions. Thanks.
