Bill > AB930

This bill, proposed as remedial legislation by the Department of Financial Institutions, aims to correct a technical error in existing law concerning the enforcement powers of the Division of Banking (division) when regulating earned wage access service providers. Earned wage access services allow individuals to access a portion of their earned wages before their scheduled payday. Currently, the division is responsible for licensing and overseeing these providers, as well as money transmitters, and the law specifies that the division has the same authority to conduct hearings, take testimony, and gather evidence when regulating earned wage access providers as it does for money transmitters. This bill simply updates a cross-reference within that provision, replacing outdated statutory citations with the correct, current one, ensuring the division's enforcement powers are accurately reflected in the law.

Law Revision Committee (Other)

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab930