AB266AB266
Assembly
Record of Committee Proceedings
Committee on Financial Institutions
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.
· Representative Tim Hoven
· Patrick Vandenberg, Credit Counseling Industry
· Kerry Schumann, WI Public Interest Research Group (WISPIRG)
· Marcy Phillips, Center for Public Representation
· James A. Walrath, Consumer Advocate
· 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
· Tim Elverman, Bank One Wisconsin
· Jerry Schwonek, Check-Cash Advance
· Representative Mike Powers
· 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