Michigan · 2025-2026 Regular Session · Bill

HB 5569: Financial institutions: generally; criminal usury; amend to exempt earned wage access services. Amends 1968 PA 259 (MCL 438.41 - 438.42) by adding sec. 1a. TIE BAR WITH: HB 5558'26

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

Plain-language summary

HB 5569 is a bill introduced in the Michigan House on February 24, 2026. According to its official title, it concerns: Financial institutions: generally; criminal usury; amend to exempt earned wage access services. Amends 1968 PA 259 (MCL 438.41 - 438.42) by adding sec. 1a. TIE BAR WITH: HB 5558'26. Primary sponsor: Peter Herzberg (Democratic). It lists 9 additional sponsors. Most recent recorded action (April 30, 2026): referred to second reading.

Sponsors

Primary sponsor: Peter Herzberg (Democratic). 9 co-sponsors.