Michigan League for Public Policy: League Supports Newly Proposed Legislation That Would Protect Michigan Workers and Families by Placing a 36% Cap on Payday Loan Rates
November 02, 2023
November 02, 2023
LANSING, Michigan, Nov. 2 -- The Michigan League for Public Policy issued the following news release on Nov. 1, 2023:
The Michigan League for Public Policy supports newly proposed legislation that would protect workers and families by capping the annual percentage rate (APR) for payday loans at 36% in Michigan, inclusive of all fees. Following a press conference held today to announce this new legislation, the League issued the following statement, which can be attributed to League . . .
The Michigan League for Public Policy supports newly proposed legislation that would protect workers and families by capping the annual percentage rate (APR) for payday loans at 36% in Michigan, inclusive of all fees. Following a press conference held today to announce this new legislation, the League issued the following statement, which can be attributed to League . . .