 senate majority leader richardville forces predatory lending bill to floor for consideration senate majority leader randy richardville has bypassed the committee process and forced a bill to the senate floor for consideration that would let lenders loan michigan consumers money against their cars at an annual interest rate of nearly 300 percent this bill would add a loophole to the state s 1917 pawnbrokers act allowing exorbitant interest rates to be charged to consumers for the article on the bill that senator richardville is proposing the legislature consider passing go online at  http wwwdetroitnewscom story business 20141208 lameduckbillallowautotitlelending 20120629  