League Vice President of Government Affairs Tom Liebe and Government
Affairs Specialist Sarah Wainscott were present as Governor Scott Walker
signed two credit union-supported bills into law at the Wisconsin State
Capitol July 5.
The State Assembly and Senate passed Assembly Bill 58, which makes important CUSO
updates, by unanimous votes. No amendments were offered in spite of
early opposition and efforts by the Wisconsin Auto and Truck Dealers
Association (WATDA) to statutorily limit certain activities CUSOs could
engage in. That effort was opposed by The League and ultimately
League staff Tom Liebe and Sarah
Wainscott (second and fourth from left, respectively) are joined
by Senate Committee on Financial Institutions and Rural Issues Chair
Dale Schultz (R-Richland Center, third from right) and representatives
from the Department of Financial Intitutions and Wisconsin Bankers
Association at the signing of AB 58.
Senate Bill 116, relating to fund transfers under
the Uniform Commercial Code, was also signed into law Friday. Prior to
introduction of this measure, Representative Joe Sanfelippo (R-West Allis), of the
Assembly Financial Institutions Committee, contacted The League to get
credit unions' perspective on the proposal.
Read more about the legislation in CUNA's News Now.