A bill to amend 1968 PA 259, entitled “An act to define and regulate the practice of criminal usury and to provide a penalty,” (MCL 438.41 to 438.42) by adding section 1a.
House Bills 5558-5569 collectively establish a comprehensive regulatory framework for earned wage access services in Michigan by creating licensing and consumer protection standards while coordinating exemptions and updates across money transmission, lending, debt collection, garnishment, and usury laws to clarify oversight and ensure consistent treatment under related legislation.
Co-sponsored by Reps.
Referred to the Committee on Regulatory Reform
