loans

A bill to cap payday lending fees at 36% annual interest is heading to the Michigan House after passing the state Senate Thursday. We get more from Colin Jackson.

The payday lending industry has drawn the attention of a state representative from Washtenaw County. WEMU's Josh Hakala reports.

Michigan elections officials — with a new member in the group — are evaluating whether a pair of constitutional amendments should appear on the November ballot. Colin Jackson has more.

For those who need to take a payday loan to help meet financial obligations, it can be crippling. With interest rates averaging 370% in Michigan, just paying the loan back creates a cycle of debt that can be near impossible to escape. The "Stop the Debt Trap" petition drive is seeking to limit those interest loan rates to a maximum of 36%. WEMU's David Fair spoke with the group's Josh Hovey about the effort to get the initiative on the November ballot and why it's so important for all too many in Washtenaw County and around the state.

More than three-quarters of small businesses in Washtenaw County have sought out loans as a result of the COVID-19 health crisis.That’s according to a new…

A state board has approved $20 million in grants and loans to help small businesses affected by the COVID-19 outbreak. As Rick Pluta tells us, the money…