Illinois Lawmakers Advance Bills to Protect Consumers from Subscription Traps and Buy-Now-Pay-Later Risks

State Senator Michael E. Hastings leads efforts to simplify subscription cancellations and increase oversight of emerging lending practices

Mar. 13, 2026 at 7:35pm

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Illinois State Senator Michael E. Hastings has advanced two pieces of legislation aimed at protecting consumers in the state. The first bill would require subscription services to provide clear disclosures and make cancellation processes simple, while the second would mandate registration and transparency for Buy-Now-Pay-Later lenders to prevent hidden fees and debt traps.

Why it matters

Subscription services and Buy-Now-Pay-Later loans have become increasingly common, but often come with confusing terms and lack of consumer protections. These bills seek to empower Illinois residents to better manage their finances and avoid unexpected costs or debt.

The details

Senate Bill 3562 would mandate that subscription services provide clear disclosures upfront and allow consumers to easily cancel online or through the same method they signed up. Senate Bill 3561 would require Buy-Now-Pay-Later lenders to register with the state, disclose all terms and fees, and maintain fair dispute resolution processes.

  • Senate Bill 3562 passed the Senate Judiciary Committee on March 13, 2026.
  • Senate Bill 3561 passed the Senate Judiciary Committee on March 13, 2026.

The players

Michael E. Hastings

An Illinois state senator who is leading the effort to pass these consumer protection bills.

Senate Bill 3562

Legislation that would simplify the process for consumers to cancel subscriptions.

Senate Bill 3561

Legislation that would increase oversight and transparency of Buy-Now-Pay-Later lending practices.

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What they’re saying

“Everyone knows this feeling ─ you decide it's finally time to cancel that subscription you haven't used in months, expecting it to be a simple press of a button. Suddenly, you need a password from 2007, your childhood pet's middle name and the patience of a saint just to ensure you don't keep getting charged for something you don't want.”

— Michael E. Hastings, Illinois State Senator

“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. Young people, low-income families and those on fixed incomes are especially vulnerable. Illinois consumers deserve clear information, protections and accountability from lenders.”

— Michael E. Hastings, Illinois State Senator

What’s next

The bills will now move to the full Illinois Senate for consideration and a vote.

The takeaway

These legislative efforts aim to empower Illinois consumers by simplifying subscription cancellations and increasing transparency around emerging financial products like Buy-Now-Pay-Later loans, helping residents better manage their finances and avoid unexpected costs or debt.