Citizens advocate against predatory lending

Michigan residents have spoken and our elected officials are listening. House Bill 4645, which requires clarification for people seeking refund anticipation loans, also known as rapid refunds, is moving through the state legislature and on its way to becoming law. This bill is an important step in regulating predatory lending practices that target low-income individuals and families.

State Rep. Steve Tobocman (D-Detroit) introduced the bill, and the Michigan House of Representatives approved it in February. United Way, the Earned Income Tax Credit Coalition, and other partners have worked with Tobocman to spread the word and urge Michiganders to voice their support for the bill.

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