Bill > SB909

This bill, proposed as remedial legislation by the Department of Financial Institutions, aims to correct a technical error in existing law by updating a statutory cross-reference. Specifically, it modifies a provision that grants the Division of Banking (division) the same authority to conduct hearings, take testimony, and secure evidence when regulating earned wage access service providers as it has when regulating money transmitters. Earned wage access (EWA) services allow employees to access a portion of their earned wages before their scheduled payday. The bill removes outdated references to sections 217.17 and 217.18 of the statutes and replaces them with the correct, updated reference to section 217.11, ensuring the division's enforcement powers for EWA providers are accurately linked to its existing regulatory framework.

Law Revision Committee (Other)

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb909