Illinois Enacts Landmark Legislation to Regulate Buy-Now-Pay-Later Industry
CHICAGO — In a move that consumer advocates are hailing as a critical step toward financial equity, Illinois Governor J.B. Pritzker signed into law on June 25, 2026, a comprehensive regulatory framework governing the Buy-Now-Pay-Later (BNPL) industry. The legislation marks a significant pivot in state-level oversight of the fintech sector, aiming to close long-standing loopholes…
