Michigan · 2025-2026 Regular Session · 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

In committee Last action April 30, 2026: referred to second reading

Plain-language summary

HB 5562 is a bill introduced in the Michigan House on February 24, 2026. According to its official title, it concerns: 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. Primary sponsor: Tullio Liberati (Democratic). It lists 9 additional sponsors. Most recent recorded action (April 30, 2026): referred to second reading.

Sponsors

Primary sponsor: Tullio Liberati (Democratic). 9 co-sponsors.