Alternate Payday Loan Bill Emerges

A key Senate Democrat signaled Tuesday that he wants to regulate payday lenders in a different way than Assembly Democrats do, making it unclear what regulations, if any, will pass the Legislature before it wraps up its work in April.

BING NEWS:
  • Opinion: Why Michigan should cap interest rates on payday loans
    Payday loans, often marketed as quick solutions to financial emergencies, trap borrowers in a cycle of debt that is virtually impossible to escape. In 2021, Michigan households were drained of $67 ...
    12/13/2024 - 1:32 am | View Link
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