Bill
HB 5566
Financial institutions: generally; credit reform act; amend to exempt earned wage access services. Amends sec. 2 of 1995 PA 162 (MCL 445.1852). TIE BAR WITH: HB 5558'26
2025-2026 Regular Session
Introduced by Greg Alexander and 6 co-sponsors
HB 5566 would carve out earned wage access providers from being “regulated lenders” under Michigan’s Credit Reform Act, only if HB 5558 becomes law.
referred to second reading