Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Bill Would Extend Wage Lien
Posted on January 20th, 2009 No commentsCurrent Wisconsin law allows employees to collect up to $3,000 in back wages when their employer files for bankruptcy or ceases operations. A new proposal authored by state Sen. John Lehman (D-Racine), named the Employee Wage Protection Act, would eliminate the $3,000 per employee cap in recovering unpaid wages. If passed, the bill could restrict lending, bankers say. Read more in the Small Business Times.
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