HB5569 — Financial institutions: generally; criminal usury; amend to exempt earned wage access services. Amends 1968 PA 259 (MCL 438.41 - 438.42) by adding sec. 1a. TIE BAR WITH: HB 5558'26

HB5569 — Financial institutions: generally; criminal usury; amend to exempt earned wage access services. Amends 1968 PA 259 (MCL 438.41 - 438.42) by adding sec. 1a. TIE BAR WITH: HB 5558'26 · Informed CitizenryThis bill amends 1968 PA 259, which defines and regulates criminal usury, by adding Section 1a. This new section states that the criminal usury provisions do not apply to business transacted pursua…Open in Informed Citizenry