Hastings fights for stronger oversight of Buy-Now-Pay-Later loans to protect Illinois consumers

SPRINGFIELD — State Senator Michael E. Hastings is speaking out on the need for stronger oversight of Buy-Now-Pay-Later programs, a fast-growing form of short-term credit that allows consumers to pay for purchases in installments.

“These programs may seem convenient at first, but they can carry hidden costs, unexpected fees and financial risks that often go unnoticed until it is too late,” said Hastings (D-Frankfort). “Young people, low-income families and those on fixed incomes are especially vulnerable. Illinois consumers deserve clear information, protections and accountability from lenders.”

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Stadelman measure to strengthen transparency of digital product sales

SPRINGFIELD – In an effort to strengthen consumer protections in the online market space, State Senator Steve Stadelman sponsors legislation to hold sellers accountable for clarifying conditions of purchasing digital goods.

“Digital goods are a growing part of our economy, and our consumer protection laws must keep pace,” said Stadelman (D-Rockford). “This bill closes a loophole that allowed sellers to market digitals products without clearly explaining the restrictions attached. Transparency is not optional – it’s essential.”

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Collins pushes for more supports for youth transitioning to independence

SPRINGFIELD – As a former youth in care, State Senator Lakesia Collins is moving legislation to support young people’s transitions to independence by ensuring information about transitional services is communicated to youth in a clear and timely manner.

“Many young people in foster care do not receive the proper support they need to transition into adulthood and have to work that much harder to overcome barriers to simply living their life,” said Collins (D-Chicago). “It is vital for the state to continue monitoring evidence-based approaches that work for today’s youth, ensuring they have all the support they need to succeed and thrive.”

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Turner works to revitalize downtown Springfield

SPRINGFIELD – In an effort to revitalize downtown Springfield, State Senator Doris Turner is working on a measure to bring more economic development and housing to the area.

“The issue I hear most from Springfield residents is ‘fix downtown,’” said Turner (D-Springfield). “We all want downtown to thrive – local leaders, residents, businesses and organizations. That’s why we have to come together and work with those who want the best for the Capital City to revitalize downtown.”

Established in 2003, the Mid-Illinois Medical District is a one-square mile designation in the heart of Springfield just to the north of downtown. The district was created to attract and retain academic centers, viable health care facilities, medical research facilities, emerging high technology enterprises and other facilities.

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