Wisconsin credit unions and their league Wednesday will oppose a bill that would lump the state's financial regulator in with the agency the licenses cosmetologists and other unrelated professions.
Two Wisconsin state legislators are proposing a bill that would combine the Office of Credit Unions and Department of Financial Institutions, which regulates banks, with Department of Safety and Professional Services. The DSPS has oversight for the cemetery board, family therapists, hydrogeologists, bodywork therapists, perfusionists, home inspection, mixed martial arts and cosmetology. Representatives from credit unions, the Wisconsin Credit Union League and the Cooperative Network, a cooperative lobbying group, will speak out against the proposal.
Senate Bill 119, introduced by Sen. Roger Roth (R-Appleton) and Rep. Joan Ballweg (R-Markesan) will by considered by the state Senate Committee on Workforce Development, Public Works, and Military Affairs today at 1 p.m. in the State Capitol Building in Madison. An earlier study by Gov. Scott Walker's administration showed overall satisfaction with DSPS and recommended against the merger.
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