-
Police have connected a name to the body pulled from the Chippewa River.More >> Emergency crews were needed in Altoona early this morning after a construction worker fell from the second story of a building.More >> This week marks National Small Business Week. How will businesses on Barstow be affected? More >> Two Rice Lake handymen who frame automotive beauty by a different standard.More >> There is a growing concern in Menomonie about homelessness among young adults.More >> Xion in Court
Murder charges were filed today against an Altoona man accused of killing his girlfriend last week.More >> There is a vacancy in Chippewa Falls that can make governing a little tricky.More >>
MADISON (WKOW) -- Gov. Scott Walker's budget could mean new freedoms for the rent-to-own industry in Wisconsin.
Walker's proposed budget would make those businesses exempt from the Wisconsin Consumer Protection Act. That would mean they don't have to disclose their annual interest rates.
Industry lobbyists say their contracts aren't credit transactions so they shouldn't be subject to the act.
Rent-to-own opponents say the businesses prey on the poor with very high interest rates similar to payday lenders. They say forcing the industry to show customers what they would pay is a necessary safeguard.
Walker's plan already has ruffled some of his fellow Republicans. Sen. Glenn Grothman, a member of the Legislature's budget committee, says he doesn't want to help what he considers to be a sleazy industry.
