43 of 99 Assembly members have signed onto the Milwaukee bill that could cap interest rates at 36%. This is almost enough to pass the bill, but it’s in committee and may not make it out. Committee members are skeptical about the plan.
Assembly Speaker Mike Sheridan (D-Janesville) said recently that the bill to cap lending rates at 36% goes “too far.”
He’s right. You can read more in the Milwaukee Journal Sentinel.
