<span style="font-size: larger;">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.</span><br />
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<span style="font-size: larger;">This bill would add a loophole to the state's 1917 Pawnbrokers Act allowing exorbitant interest rates to be charged to consumers.</span><br />
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<span style="font-size: larger;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the article on the bill that Senator Richardville is proposing the legislature consider passing go online at:</span><br />
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<a href="http://www.detroitnews.com/story/business/2014/12/08/lame-duck-bill-allow-auto-title-lending/20120629/"><span style="font-size: larger;">http://www.detroitnews.com/story/business/2014/12/08/lame-duck-bill-allow-auto-title-lending/20120629/</span></a><br />