Bill
HB 5558
Businesses: other; regulation and licensing of earned wage access service providers; provide for. Creates new act.
2025-2026 Regular Session
Introduced by Greg Alexander and 8 co-sponsors
The bill creates a Michigan licensing regime for earned wage access providers, with fees, bonds, consumer protections, and DIFS enforcement.
recommendation concurred in
#businesses:other
#financialinstitutions:other
#labor:hoursandwages
#occupations:businesslicensingandregistration
#stateagencies(existing):insuranceandfinancialservices