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HB5559 • 2026

Financial institutions: money transmitters; money transmission services act; provide for exemption for certain earned wage access services. Amends sec. 4 of 2006 PA 250 (MCL 487.1004). TIE BAR WITH: HB 5558'26

Financial institutions: money transmitters; money transmission services act; provide for exemption for certain earned wage access services. Amends sec. 4 of 2006 PA 250 (MCL 487.1004). TIE BAR WITH: HB 5558'26

Labor
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Last action
Official status
bill electronically reproduced 02/24/2026
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. Michigan Legislature

    bill electronically reproduced 02/24/2026

Official Summary Text

Financial institutions: money transmitters; money transmission services act; provide for exemption for certain earned wage access services. Amends sec. 4 of 2006 PA 250 (MCL 487.1004). TIE BAR WITH: HB 5558'26