Bipartisan bill would create new limits for payday loans

Bipartisan legislation would cap the interest payday lenders may charge at 36%, among other changes for these loans that bill authors say have “outrageously high” interest rates.  Reps. Scott Allen, R-Waukesha, and Amaad Rivera-Wagner, D-Green Bay, along with GOP Sen. Andre Jacque of New Franken, recently sent a co-sponsorship memo to other lawmakers on two bills: LRB-2249 and LRB-4308.  They...