Michigan Dems Chair Applauds Senate Passage of Much Needed Predatory Payday Lending Reform
March 15, 2024
March 15, 2024
LANSING, Michigan, March 15 -- The Michigan Democratic Party issued the following on March 14, 2024:
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Today, Michigan Senate Democrats passed legislation that would cap interest rates on payday loans. Far too often, these lenders target our state's most vulnerable communities, particularly in rural areas and communities of color.
"Today, Michigan Senate Democrats took a vital step toward reining in predatory payday loan practices to protect Michig . . .
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Today, Michigan Senate Democrats passed legislation that would cap interest rates on payday loans. Far too often, these lenders target our state's most vulnerable communities, particularly in rural areas and communities of color.
"Today, Michigan Senate Democrats took a vital step toward reining in predatory payday loan practices to protect Michig . . .