Michigan · 2025-2026 Regular Session · Bill

HB 4581: Consumer credit: interest rates; credit card interest rates; provide cap. Amends sec. 4 of 1995 PA 162 (MCL 445.1854).

In committee Last action June 10, 2025: bill electronically reproduced 06/05/2025

Plain-language summary

HB 4581 is a bill introduced in the Michigan House on June 5, 2025. According to its official title, it concerns: Consumer credit: interest rates; credit card interest rates; provide cap. Amends sec. 4 of 1995 PA 162 (MCL 445.1854). Primary sponsor: Alabas Farhat (Democratic). It lists 4 additional sponsors. Most recent recorded action (June 10, 2025): bill electronically reproduced 06/05/2025.

Sponsors

Primary sponsor: Alabas Farhat (Democratic). 4 co-sponsors.