Michigan’s payday loan landscape is murky. Change could be coming. 
In Michigan, there are some guardrails surrounding payday loans and lenders, which provide quick cash at high interest rates for short terms. What there isn’t, however, is a good scope of lender prevalence. New legislation seeks to collect statewide statistics.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Michigan’s payday loan landscape is murky. Change could be coming. 

### Response: In Michigan, there are some guardrails surrounding payday loans and lenders, which provide quick cash at high interest rates for short terms. What there isn’t, however, is a good scope of lender prevalence. New legislation seeks to collect statewide statistics.