Michigan HB5568 amends the state's interest rate law to exempt earned wage access services from its provisions.
Michigan HB5568 modifies the state's interest rate law by exempting earned wage access services from its scope. This change means that services provided under the earned wage access services act will not be subject to the state's interest rate regulations. The bill specifies that the amendment will only take effect if House Bill No. 5558 is also enacted into law.
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