Article: Michigan Teamsters Applaud Legislature For Passing Payday Advance Legislation; Union urges Governor to sign legislation.

LANSING, Mich., Dec. 19 /PRNewswire/ -- The Michigan Teamsters applaud the Legislature for passing Senate Bill 474, which -- when signed by the Governor -- will for the first time put regulation for Michigan's payday advance industry on the books.

"The Teamsters would like to thank the Michigan Senate and House for passing responsible legislation to regulate the payday advance industry and protect consumers," said Bill Black, director of Michigan Teamsters DRIVE. "We urge the Governor to approve this critical legislation to establish the regulation the Legislature has worked hard to create."

When signed by the Governor, Michigan payday advance law will ...

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