Aquino law bans ‘junk’ fees in Illinois

SPRINGFIELD – Following years of advocacy, State Senator Omar Aquino’s initiative to ban junk fees in Illinois was signed into law to protect consumers and increase transparency.

“Our state is facing unprecedented challenges due to devastating cuts from the federal spending plan under H.R. 1,” said Aquino (D-Chicago). “Banning junk fees is part of a broader effort to alleviate some of the financial pressure on Illinois families while our state continues to confront a national affordability crisis.”

House Bill 228 will make it unlawful for any business to advertise, display or offer a price for a good or service that does not include all mandatory fees or surcharges before taxes.

Read more: Aquino law bans ‘junk’ fees in Illinois

Hastings’ new law provides oversight of predatory Buy-Now-Pay-Later loans

SPRINGFIELD — Illinois consumers have seen that a rapid expansion of Buy-Now-Pay-Later loan services 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. In response, State Senator Michael E. Hastings passed a law enforcing stronger oversight of these predatory programs.

“This industry has grown so fast over such a short period of time,” said Hastings (D-Frankfort). “We are now to a point where Buy-Now-Pay-Later programs are operating like it’s the Wild West.”

Hastings’ new law will require BNPL lenders to register with the state and provide full disclosures about repayment terms, interest rates and potential fees while maintaining fair and transparent dispute or refund processes. The law will also ensure consumers understand the total cost of borrowing and can make informed financial decisions.

Read more: Hastings’ new law provides oversight of predatory Buy-Now-Pay-Later loans

Collins welcomes Amrize to Chicago

CHICAGO – State Senator Lakesia Collins joined Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity and Amrize leadership to celebrate the company’s new Chicago headquarters.

“Locating Amrize’s operational headquarters in Chicago is a strong vote of confidence in Illinois’ business climate,” said Collins (D-Chicago). “This investment will create good-paying jobs, strengthen our local economy, and reinforce our position as a hub for innovation.”

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Turner applauds $103 million ADM investment in Decatur

DECATUR — State Senator Doris Turner fought for increased investment in ADM’s Decatur facility, bringing jobs and economic development to the community.

“ADM’s investment in Decatur is a powerful vote of confidence in our workforce and our community,” said Turner (D-Springfield). “This modernization will create new jobs and ensure Central Illinois remains a global leader in agriculture and food processing.”

Read more: Turner applauds $103 million ADM investment in Decatur