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Toepel, M. G.; Kuehn, Hazel L. (ed.) / The Wisconsin Blue Book, 1958
(1958)

The state government: administrative branch,   pp. [323]-484 PDF (46.9 MB)


Page 340


340                 WISCONSIN BLUE BOOK
  7. Exercises control and supervision over consolidation, merger
     or liquidation of state banks.
  8. Prepares and submits an annual report to the Governor.
Credit Union Division. Administers the laws relating to credit unions.
   1. Enforces all laws relating to state chartered credit unions.
   2. Establishes rules and regulations relating to the operation of
     credit unions as authorized and directed by the statutes.
  3. Receives and acts upon applications for new  credit unions.
  4. Examines each credit union once in each calendar year.
  5. Prepares and furnishes forms for an annual report from each
     credit union.
  6. Assesses and collects fees from credit unions to cover cost of
     examinations and cost of office administration.
   7. Exercises control and supervision over liquidation or consolida-
     tion of credit unions.
  8. Promotes and assists the organization of credit unions, furnish-
     ing forms, material and advice that may be needful or helpful
     to discharge this duty.
Consumer Credit Division. Administers the laws relating to foreign
exchanges, small loan companies, discount loan companies, sales
finance companies, adjustment service companies, collection agencies
and community currency exchanges.
  1. Enforces all laws relating to consumer credit agencies, the
     primary objective being to protect the consuming public from
     unethical practices in the various forms of consumer credit.
  2. Establishes and enforces rules and regulations as authorized
     and directed by the statutes for the control and supervision
     of operations of consumer credit agencies.
   3. Provides the necessary forms, receives and acts upon applica-
     tions for licenses, and renewals thereof.
   4. Conducts an examination of each agency as directed by the
     statutes.
   5. Investigates complaints from  customers and requires adjust-
     ments or refunds from agencies when justified by facts.
   6. Conducts hearings when necessary on license applications or in
     connection with possible revocation of a license.
   7. Assesses and collects license fees and examination fees from
     each licensee.
   8. Requires the filing of a surety or fidelity bond when directed
     by the statutes or when authorized and deemed necessary to
     protect customers of licensees.
   9. Exercises supervision over liquidation of licensees when author-
     ized and directed by the statutes.
               BAR COMMISSIONERS, STATE
Commissioners: W. WADE BOARDM:AN, president; JoHN P. McGALLOWAY,
    vice president; BARNEY B. BARSTOW; CLARENCE E. FUGINA; GEORGE
    P. ETTENHEIT11; GORDON SAM\.UELSEN, clerk of the Supreme Court,


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