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HB5563 • 2026

Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26

Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26

Labor
Active

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

Sponsor
Tullio Liberati (District 2), Peter Herzberg (District 25), Will Snyder (District 87), Tyrone Carter (District 1), Gregory Alexander (District 98), Douglas Wozniak (District 59), Matt Bierlein (District 97), Joseph Tate (District 9), John Roth (District 104), William Bruck (District 30)
Last action
2026-04-30
Official status
referred to second reading
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26

Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services.

What This Bill Does

  • Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services.
  • Amends sec.
  • 1 of 1981 PA 70 (MCL 445.251).
  • TIE BAR WITH: HB 5558'26

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-30 HJ 34 Pg. 0

    reported with recommendation without amendment

  2. 2026-04-30 HJ 34 Pg. 0

    referred to second reading

  3. 2026-02-26 HJ 16 Pg. 189

    bill electronically reproduced 02/24/2026

  4. 2026-02-24 HJ 14 Pg. 162

    introduced by Representative Rep. Tullio Liberati Jr.

  5. 2026-02-24 HJ 14 Pg. 162

    read a first time

  6. 2026-02-24 HJ 14 Pg. 162

    referred to Committee on Regulatory Reform

Official Summary Text

Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26