AB612

AB612 AB612
Assembly
Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 612
Relating to: payday loan providers and granting rule-making authority.
By Representatives Hoven, Kaufert, Ladwig, Musser, Meyer, M. Lehman, Ziegelbauer, Stone, Huebsch, Kreuser, Ainsworth, Albers, Schooff, Petrowski, Miller, Suder, Kedzie, Kreibich, Olsen, Vrakas and Gunderson; cosponsored by Senators Fitzgerald, Cowles, Breske, George, Shibilski and Wirch.

December 1, 1999 Referred to committee on Financial Institutions.

January 19, 2000 PUBLIC HEARING HELD

Present: (15) Representatives Jeskewitz, Kelso, Kedzie, Rhoades, Kreibich, Huebsch, Montgomery, Hoven, La Fave, Kreuser, Meyer, Morris-Tatum, Plale, Plouff and Turner.
Absent: (0) None.

Appearances for
· Patrick Vandenberg
· Tim Hoven, State Representative
· Rob Geiger, Self
· Candy Green, Check 'n Cash, WDDA & CFSA
· John Rabenold, WDDA
· Stephen Schaller, Check 'n Go of Wisconsin, Inc.

Appearances against
· Phyllis Blum, Self
· Kerry Schumann, WISPIRG
· Mary Fons, Self
· Stephen Meili, Center for Public Representation

Appearances for Information Only
· None.

Registrations for
· Vicki Gamroth, WODA
· Dennis Munczlenski, Wisconsin Deferred Deposit Assn.
· Cindy C. Jenkins, Wisconsin Deferred Deposit Association
· Tom Wilcox, Ameri-Cash Advance Centers, Inc.
· Mary Wilcox, Ameri-Cash Advance Centers, Inc.
· Jerry Schwonek, WDDA
· Doris Douglas, Check 'n Go
· Holly M. Jones, C.F. Douglas Corp. DBA
· Jim Douglas, WI Deferred Deposit
· Holly Small, Check 'n Go

Registrations against
· Robert M. Bone, AARP

February 16, 2000 EXECUTIVE SESSION

Present: (15) Representatives Jeskewitz, Kelso, Kedzie, Rhoades, Kreibich, Huebsch, Montgomery, Hoven, La Fave, Kreuser, Meyer, Morris-Tatum, Plale, Plouff and Turner.
Absent: (0) None.

Moved by Representative Rhoades, seconded by Representative Hoven, that Assembly Bill 612 be recommended for passage.

Ayes: (12) Representatives Jeskewitz, Kelso, Kedzie, Rhoades, Kreibich, Huebsch, Montgomery, Hoven, Kreuser, Meyer, Plale and Plouff.
Noes: (3) Representatives La Fave, Morris-Tatum and Turner.
Absent: (0) None.

PASSAGE RECOMMENDED, Ayes 12, Noes 3, Absent 0





Rebecca Larson
Committee Clerk