AB266

AB266 AB266
Assembly
Record of Committee Proceedings

Committee on Financial Institutions
Assembly Bill 266
Relating to: payday loan providers and granting rule-making authority.
By Representatives Hoven, Albers, Berceau, Boyle, Gunderson, Hahn, Kestell, Krawczyk, Ladwig, Leibham, Musser, Ott, Owens, Petrowski, Powers, Seratti, Stone, Townsend, Vrakas and Wasserman; cosponsored by Senators George, Baumgart, Darling, Roessler and Rosenzweig.

March 30, 2001 Referred to Committee on Financial Institutions.

June 6, 2001 PUBLIC HEARING HELD

Present: (15) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow, Richards, Shilling and Krug.

Absent: (1) Representative Rhoades.

Appearances for
· Representative Tim Hoven

· Patrick Vandenberg, Credit Counseling Industry

Appearances against
· Kerry Schumann, WI Public Interest Research Group (WISPIRG)
· Marcy Phillips, Center for Public Representation

· James A. Walrath, Consumer Advocate

Appearances for Information Only
· John Rabenold, Check 'N Go of WI
· Linda Beggs, Check 'N Go of WI
· Greg Baer, Wisconsin Deferred Deposit Association
· Michael Mach, Department of Financial Institutions

· Sue Moline Larson, Lutheran Office for Public Policy

Registrations for
· Tim Elverman, Bank One Wisconsin
· Jerry Schwonek, Check-Cash Advance

· Representative Mike Powers

Registrations against

· Mary Fons, Public Interest Law Section of the State Bar of WI

December 6, 2001 EXECUTIVE SESSION

Present: (13) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow and Krug.

Absent: (3) Representatives Rhoades, Richards and Shilling.

Moved by Representative Krug, seconded by Representative Plale, that Assembly Substitute Amendment 1

be recommended for adoption.

Ayes: (13) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow and Krug.
Noes: (0) None.

Absent: (3) Representatives Rhoades, Richards and Shilling.

ADOPTION RECOMMENDED, Ayes 13, Noes 0, Absent 3

Moved by Representative Krug, seconded by Representative Plale, that Assembly Bill 266

be recommended for passage as amended.

Ayes: (11) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, Plale, Balow and Krug.
Noes: (2) Representatives La Fave and Plouff.

Absent: (3) Representatives Rhoades, Richards and Shilling.

PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 2, Absent 3

Erin Bilot
Committee Clerk