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Panel Blocks Change to Rent-to-Own RulesSubmitted: 05/24/2013
Panel Blocks Change to Rent-to-Own Rules
MADISON - Consumers will still be told how much interest they will pay at a rent-to-own businesses in Wisconsin.

The Legislature's finance committee has blocked Republican Governor Scott Walker's plan to exempt rent-to-own businesses.

A handful of Republicans, including Senate President Mike Ellis, have been pushing the committee to remove the proposal from the budget.

The committee voted 10-6 yesterday to eliminate the plan.

Wisconsin's consumer protection laws currently require creditors to disclose interest rates in rent-to-own contracts.

Critics say the industry preys on the poor with exorbitant interest rates.

Rent-to-own business say their contracts aren't credit transactions and shouldn't fall under the consumer laws.

(Copyright 2013 Associated Press - All Rights Reserved)


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WAUSAU - Every year, firefighters around the country ask their communities to fill up boots with money for the Muscular Dystrophy Association.

Wausau Fire Department kicked off its "Fill the Boot" campaign Tuesday morning.

The fire department will be at local events throughout the summer to collect donations.

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