Bill
HB 5562
Financial institutions: other; definition of financial licensing acts in the consumer financial services act; modify to include the earned wage access services act. Amends sec. 2 of 1988 PA 161 (MCL 487.2052). TIE BAR WITH: HB 5558'26
2025-2026 Regular Session
Introduced by Greg Alexander and 9 co-sponsors
HB 5562 moves earned wage access services into Michigan’s financial licensing regime, requiring licensing and consumer protections for EWA providers.
referred to second reading