Michigan · 2025-2026 Regular Session · Bill

HB 5546: Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 5544'26

Passed one chamber Last action July 1, 2026: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Plain-language summary

HB 5546 is a bill introduced in the Michigan House on February 19, 2026. According to its official title, it concerns: Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 5544'26. Primary sponsor: Brenda Carter (Democratic). It lists 5 additional sponsors. Most recent recorded action (July 1, 2026): REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION.

Sponsors

Primary sponsor: Brenda Carter (Democratic). 5 co-sponsors.