“Mich. Banking Brief: All The Notable Legal Updates In Q2”

Ted Seitz, Carson Gatt, and Bel Martin authored the Law360 article “Mich. Banking Brief: All The Notable Legal Updates In Q2.” The article provides a quarterly overview of significant legal and legislative developments affecting Michigan’s banking and financial services industry. It highlights the U.S. Supreme Court’s decision in Pung v. Isabella County, along with updates on proposed legislation involving money transmission, cryptocurrency regulation, mortgage lending, and broader financial services reforms.

Seitz, Gatt, and Martin explain that while legislative activity has been slowed by budget negotiations, several financial services bills continue to advance. They note that Michigan lawmakers are expected to remain focused on modernizing money transmission laws, updating mortgage lending regulations, addressing cryptocurrency policy, and pursuing additional property tax reforms following the Supreme Court’s Pung decision.