May 13, 2011
Auto title loans would again be legal in Wisconsin under a reversal of current law approved by the Legislature’s budget committee.
The change approved Thursday by the Joint Finance Committee would still have to be approved by the full Legislature and Republican Gov. Scott Walker before it would take effect.
A ban on auto title loans was not included in the final version of a bill then-Gov. Jim Doyle signed last year, but he put it in place through the creative use of his veto.
The committee voted without debate to once again allow auto title loans, with restrictions under an 11-5 vote.