Michigan · 2025-2026
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
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
HB 5562 amends section 2 of the 1988 Public Act 161 to modify the definition of financial licensing acts within the Consumer Financial Services Act. The bill proposes to include the Earned Wage Access Services Act in this definition. This legislation is tied to HB 5558.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors + 9 cosponsors
- Tullio Liberati Democratic lead
- Doug Wozniak Republican
- Greg Alexander Republican
- Joe Tate Democratic
- J.R. Roth Republican
- Matt Bierlein Republican
- Peter Herzberg Democratic
- Tyrone Carter Democratic
- Will Bruck Republican
- Will Snyder Democratic