Senate Democratic Floor Leader Buzz Thomas (Detroit) was kind enough to sit down with me at the beautiful Cornerstone Coffee in Lansing and discuss the most recent bill he's introduced.
Senate Bill 446, protecting citizens from predatory Refund Anticipation Loans that can suck your wallet dry. As Buzz explains, these loans aren't bad, but Michigan's citizens deserve better protection against some of the fraud that can accompany these loans.
To support this excellent legislation, contact your senator and ask them to vote for Senate Bill 446. Many thanks to Sen. Thomas and his tireless work on behalf of promoting Financial Literacy in Michigan.
Full Disclosure: I'm very proud that my own mother is Chair of the Michigan Jump$tart Coalition, a conglomerate of more than 30 organizations across the state dedicated to increasing Financial Literacy. She's the reason I was down in Detroit for Money Smart Week, sponsored by the Chicago Federal Reserve last month. Thanks, Mom!
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