An Act to amend 203.02 (3) of the statutes; Relating to: correcting a cross-reference related to enforcement of regulations applicable to earned wage access service providers (suggested as remedial legislation by the Department of Financial Institutions).
Summary
AB930 is a narrow remedial bill that updates a cross-reference in Wisconsin statutes governing the Division of Banking’s enforcement authority. Specifically, it amends s. 203.02 (3) so that the division’s power to conduct hearings, take testimony, and secure evidence points to the current statutory citation rather than two sections that were recodified. The bill was requested by the Department of Financial Institutions and introduced by the Law Revision Committee as corrective legislation.
Although the bill is technical in nature, it is tied to the regulatory framework for earned wage access service providers. By fixing the citation, the bill helps ensure that the enforcement provisions for those providers remain aligned with the current statutory structure and that the division’s authority is clearly grounded in the updated law. The act is described as making minor substantive changes that the Law Revision Committee deemed desirable as a matter of public policy.
Impact
AB930 makes a limited statutory change to s. 203.02 (3) by replacing outdated references to ss. 217.17 and 217.18 with the current citation to s. 217.11. The practical effect is to preserve and clarify the Division of Banking’s authority to conduct hearings, take testimony, and secure evidence in matters involving enforcement of regulations applicable to earned wage access service providers. It does not create a new regulatory program, but it updates existing law to reflect recodified statutes and avoid confusion in enforcement proceedings.
Sentiment
The available context suggests broad procedural support and little to no controversy. The bill is characterized as remedial legislation requested by the Department of Financial Institutions and endorsed by the Law Revision Committee after review. There are no recorded committee transcripts or votes indicating opposition, and the committee note describes the changes as minor and desirable public policy corrections.
Contention
There is no evident substantive policy dispute in the available record. The only notable issue is technical: the bill corrects outdated cross-references after statutory recodification. Any concern would likely be limited to whether the amendment is purely clerical or makes a minor substantive change, but the Law Revision Committee expressly concluded that the change is minor and appropriate. No opposing viewpoints, stakeholders, or recorded objections appear in the provided materials.
Crossfiled
An Act to amend 203.02 (3) of the statutes; Relating to: correcting a cross-reference related to enforcement of regulations applicable to earned wage access service providers (suggested as remedial legislation by the Department of Financial Institutions).
Correcting a cross-reference related to enforcement of regulations applicable to earned wage access service providers (suggested as remedial legislation by the Department of Financial Institutions).
Updating references to PI 34 of the administrative code and eliminating an obsolete grandfather provision related to a license to teach industrial arts (suggested as remedial legislation by the Department of Public Instruction).
Updating references to PI 34 of the administrative code and eliminating an obsolete grandfather provision related to a license to teach industrial arts (suggested as remedial legislation by the Department of Public Instruction).
Financial institutions: generally; 1966 PA 326; amend to exempt earned wage access services. Amends sec. 1 of 1966 PA 326 (MCL 438.31). TIE BAR WITH: HB 5558'26
Financial institutions: other; definition of financial licensing acts in the consumer financial services act; modify to include the earned wage access services act. Amends sec. 2 of 1988 PA 161 (MCL 487.2052). TIE BAR WITH: HB 5558'26
Fixing a cross-reference in a definition of “violent crime” and updating terminology to reflect changes in the Federal Bureau of Investigation (suggested as remedial language by the Department of Justice).
Fixing a cross-reference in a definition of “violent crime” and updating terminology to reflect changes in the Federal Bureau of Investigation (suggested as remedial language by the Department of Justice).
Financial institutions: generally; credit reform act; amend to exempt earned wage access services. Amends sec. 2 of 1995 PA 162 (MCL 445.1852). TIE BAR WITH: HB 5558'26
Financial institutions: generally; regulatory loan act; amend to exempt earned wage access services. Amends sec. 20 of 1939 PA 21 (MCL 493.20). TIE BAR WITH: HB 5558'26