Loading
Search
NEWS STORIES

Panel Blocks Change to Rent-to-Own RulesSubmitted: 05/24/2013
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)


Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

Play Video

RHINELANDER - Rhinelander's softball coach approached the city to build a second softball field at Pioneer Park earlier this year. 

When the city approved the softball association's request to look into the possibility of another field, people on both sides of the argument spoke up. 

+ Read More

TOMAHAWK - A 31-year-old woman in Tomahawk will face drug charges after being arrested last week.

The Tomahawk Police Department said Monday it arrested Ashleigh Wright on Thursday after investigating the sale and distribution of meth.

+ Read More

Play Video

- When the Pixar film "Finding Nemo" came out 13 years ago, parents and children rushed to the pet store to buy clownfish. Nemo's sequel, "Finding Dory," which was released earlier this month, is now sparking a growing  interest of its own.

+ Read More

PHILLIPS - Police want to figure out what caused the death of a 16-year-old girl in Phillips.

At about 6 a.m. Thursday, officers were called to an apartment in downtown Phillips following a report of a medical emergency. When they arrived, they found the girl unresponsive and not breathing.

+ Read More

LINCOLN COUNTY - The Lincoln County Sheriff's Office says an 82-year-old man died after slipping into the water near a Tomahawk-area dam Sunday.

The sheriff's office says Cecil Vogts fell into the water by Bradley Dam in the Township of Bradly.

+ Read More

MADISON - A report from the Institute of Research on Poverty says the poverty rate in Wisconsin remained flat between 2013 and 2014 despite an increase in jobs.

Researchers for the study say the state's poverty rate held steady at around 10.8 percent between 2013 and 2014.

+ Read More

MADISON - Gov. Scott Walker is calling on his state Department of Transportation secretary to deliver a full two-year spending request earlier than usual.

Walker told Secretary Mark Gottlieb in a letter Monday that his budget request should not include any tax or fee increases and that bonding should be held to a "reasonable level." Walker also says that proposed spending on megaprojects in southeast Wisconsin should be minimized.

+ Read More
+ More General News
Search: 




Click Here