HB5567 — Financial institutions: generally; regulatory loan act; amend to exempt earned wage access services. Amends sec. 20 of 1939 PA 21 (MCL 493.20). TIE BAR WITH: HB 5558'26

HB5567 — Financial institutions: generally; regulatory loan act; amend to exempt earned wage access services. Amends sec. 20 of 1939 PA 21 (MCL 493.20). TIE BAR WITH: HB 5558'26 · Informed CitizenryThis bill amends Section 20 of the Regulatory Loan Act (MCL 493.20). The amendment states that the act shall not apply to three types of businesses: those operating under a law relating to banks, s…Open in Informed Citizenry