A state lawmaker wants to regulate payday lenders, and ban auto title loans. Milwaukee Democrat, Representative Josh Zepnick says payday lenders are largely unregulated by the state. A bill from Zepnick would limit the amount borrowers could receive per visit, and restrict the number of "rollovers" which can turn payday advances into long term loans. And auto title loan business? Zepnick says that amounts to "temporarily pawning your car," something he says is "a crazy idea." Zepnick is circulating both bills for sponsorship.
AUDIO: Bob Hague reports (:60 MP3)
