Maddy summaryThis bill requires Michigan's financial regulator to create and submit annual reports on payday lending activity. Starting in October 2025, the report must include details such as the number of lenders, customer counts, transaction volumes, fees, and complaint statistics, broken down by location. The regulator must also publish these reports on its website to make the data publicly accessible. These provisions aim to increase transparency regarding deferred presentment service providers without changing the core rules for how these loans operate.
Sponsored bills
Maddy summaryThis bill requires employers in Michigan to pay employees their accrued paid vacation leave when employment ends, with specific exceptions for furloughs or unlimited leave policies. It also mandates that wages earned during crop harvesting be paid within three days of voluntary termination, while other wages must be paid as soon as they can be accurately calculated. The legislation applies to all types of employers, including private companies, government agencies, and educational institutions, and defines key terms like "fringe benefits" and "furlough" to clarify the law's scope. These changes take effect on January 1, 2025, aiming to ensure timely compensation for workers leaving their jobs.
Maddy summaryThis bill creates a new tax credit for working parents in Michigan starting in the 2024 tax year. It allows eligible taxpayers with at least $10,000 in earned income to receive up to $5,000 for each child aged three or younger and up to $2,500 for each child between three and six years old. The credit is limited to three children per family and will be refunded to parents if the amount exceeds their total tax liability.
Maddy summaryThis bill establishes the Hunger-Free Campus Act to create a state program that recognizes colleges and universities in Michigan as hunger-free campuses. To earn this designation, institutions must implement specific measures such as forming student-led task forces, allowing the use of SNAP benefits on campus, hosting food awareness events, and providing physical food pantries or stigma-free food access. Additionally, designated schools are required to develop meal credit donation programs and conduct annual student surveys on hunger to track progress. The Department of Education will oversee the program, set the necessary rules, and compile comparative profiles of participating campuses based on survey results.