Michigan looks at cracking down on predatory payday loans mlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mlive.com Daily Mail and Mail on Sunday newspapers.
In Michigan, there are some guardrails surrounding payday loans and lenders, which provide quick cash at high interest rates for short terms. What there isn’t, however, is a good scope of lender prevalence. New legislation seeks to collect statewide statistics.