Michigan Lawmakers Eye No Term Limit Pay Day Loans

LANSING, Mich. — experts of a bill being considered by lawmakers that will enable payday loan providers to provide long run, greater buck loans state the legislation places probably the most susceptible Michiganders in danger. House Bill 5097 would allow lenders that are payday Michigan to produce loans all the way to $2,500 without any restriction on the period of the mortgage. Sandra Pearson, president and CEO of Habitat for Humanity of Michigan, claims families…