AB117-ASA1,2,34
(1) C
onsumer act committee. The secretary of financial institutions shall
5create a committee under section 15.04 (1) (c) of the statutes composed of
6representatives of consumer groups, representatives of the Wisconsin Creditors'
7Rights Association, and members of the legislature. The purpose of the committee
8shall be to find common ground relating to changes to chapter 425 of the statutes,
9pertaining to remedies, penalties, pleading requirements, and other enforcement
10provisions under the Wisconsin Consumer Act, that would balance the interests of
11consumers and creditors. Not later than the first day of the 12th month beginning
1after the effective date of this subsection, the committee shall report its findings,
2conclusions, and recommendations to the secretary of financial institutions, after
3which the committee shall terminate its activities and cease to exist.