Wrestling in Wisconsin
March 19, 2010 | Wisconsin, industry | Comments (0)From today’s Milwaukee Journal-Sentinel:
The bill the Assembly passed would ban auto title loans; limit payday loans to a maximum of $600 or 35% of biweekly income, whichever was less; bar people from rolling over a loan from paycheck to paycheck; and allow borrowers to rescind a loan the next day.
A bill by Sen. Jim Sullivan (D-Wauwatosa) would limit payday loans to $900 and tighten zoning regulations to limit where the lenders can locate. It would allow borrowers to renew loans just once.
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