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Column: Consider State-Owned Bank
Posted on April 25th, 2010 No commentsFour states have initiated bills for state-owned banks, and candidates in seven states have now proposed them. A state-owned bank in Wisconsin “could invest in education, student loans, and other worthwhile investments that would further economic development in the state,” writes Bob Menamin of FightingBob.com in an opinion column for the Wisconsin State Journal.
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Legislature Passes Bill Limiting Payday Lending
Posted on April 25th, 2010 No commentsWisconsin could soon regulate payday and auto-title lending. Members of the state Legislature passed a bill that would restrict borrowers to one loan at a time, limit borrowing, including fees and interest to the lesser of $1,500 or 35 percent of gross monthly income, and require reasonable repayment terms. Gov. Jim Doyle is expected to sign the bill. Read the Oshkosh Northwestern article.