2026 House Bill 5550

Financial institutions: other; consumer financial services act; revise internal references related to money transmission services.

A bill to amend 1988 PA 161, entitled “Consumer financial services act,” by amending section 10g (MCL 487.2060g), as amended by 2006 PA 252.

Introduced in the House

Feb. 19, 2026

Introduced by Rep. Bill Schuette (R-95) and five co-sponsors

Co-sponsored by Reps. Mark Tisdel (R-55), Sarah Lightner (R-45), David Martin (R-68), Brenda Carter (D-53) and Will Snyder (D-87)

Referred to the Committee on Finance