HB5563 — Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26

HB5563 — Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26 · Informed CitizenryThis bill amends Michigan's act regulating collection practices (MCL 445.251) by defining several terms used in the law, including "Claim" or "debt," "Collection agency," "Communicate," "Consumer"…Open in Informed Citizenry