Rent-to-Own Industry Pushes Measure that would Ease Rules on Repossession

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009455-rent-to-own-industry-pushes-measure-that-/

By Paul Gores

Contending that state law stymies its business in Wisconsin, the rent-to-own industry is pushing legislation that would establish new operating rules but exempt it from some key creditor regulations in the consumer code.

If the Consumer Rental-Purchase Reform Act is approved this fall, it would set the stage for the opening of more stores where people can rent products such as washing machines, televisions and furniture by making weekly installment payments, with an option to buy them. One industry estimate is that up to 150 rent-to-own stores could pop up in Wisconsin over time if the measure is approved.

For this complete story, please visit Will legislators buy rent-to-own bill?

Rent-to-Own Industry Pushes Measure that would Ease Rules on Repossession

Unknown Author

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