SB 632 MI
Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends sec. 33 of 2005 PA 244 (MCL 487.2153).
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Sponsor (1)
- Sarah Anthony Democratic · primary
9 coauthors / cosponsors
- John Damoose Republican · cosponsor
- Jeff Irwin Democratic · cosponsor
- Erika Geiss Democratic · cosponsor
- Stephanie Chang Democratic · cosponsor
- Sue Shink Democratic · cosponsor
- Rosemary Bayer Democratic · cosponsor
- Mallory McMorrow Democratic · cosponsor
- Edward W. McBroom Republican · cosponsor
- Veronica Klinefelt Democratic · cosponsor
Action history (11)
- Nov 1, 2023 INTRODUCED BY SENATOR SARAH ANTHONY · upper
- Nov 1, 2023 REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION · upper
- Mar 7, 2024 REPORTED FAVORABLY WITHOUT AMENDMENT · upper
- Mar 7, 2024 REFERRED TO COMMITTEE OF THE WHOLE · upper
- Mar 13, 2024 REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) · upper
- Mar 13, 2024 PLACED ON ORDER OF THIRD READING · upper
- Mar 14, 2024 AMENDMENT(S) DEFEATED · upper
- Mar 14, 2024 PASSED ROLL CALL # 58 YEAS 24 NAYS 13 EXCUSED 0 NOT VOTING 1 · upper
- Mar 14, 2024 received on 03/14/2024 · lower
- Mar 14, 2024 read a first time · lower
- Mar 14, 2024 referred to Committee on Insurance and Financial Services · lower
Subjects
Consumer credit: interest ratesFinancial institutions: payday lendingState agencies (existing): insurance and financial services
Text versions (4)
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