Bill
HB 5569
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
2025-2026 Regular Session
Introduced by Greg Alexander and 9 co-sponsors
If HB 5558 becomes law, earned wage access providers would be licensed and regulated under a dedicated framework and exempt from Michigan’s criminal usury penalties.
referred to second reading