Date	Chamber	Action
2/4/2025	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

New Act

5 ILCS 140/7.5

20 ILCS 1205/6

20 ILCS 1205/6a

from Ch. 17, par. 107

20 ILCS 1205/18.4 new

30 ILCS 105/5.1030 new

205 ILCS 405/4

from Ch. 17, par. 4808

205 ILCS 405/14

from Ch. 17, par. 4823

205 ILCS 405/16

from Ch. 17, par. 4832

205 ILCS 660/6

from Ch. 17, par. 5206

205 ILCS 665/4

from Ch. 17, par. 5304

205 ILCS 665/6

from Ch. 17, par. 5306

205 ILCS 670/2

from Ch. 17, par. 5402

205 ILCS 670/4

from Ch. 17, par. 5404

205 ILCS 670/12.5

225 ILCS 429/30

Synopsis As Introduced
Creates the Consumer Financial Protection Law. Creates the Financial Protection Fund. Sets forth provisions concerning findings and purpose, exemptions, administration of the provisions, funds, supervision, registration requirements, consumer protection, cybersecurity, anti-fraud and anti-money laundering, enforcement, procedures, and rulemaking. Defines terms. Makes conforming changes in the Freedom of Information Act and the State Finance Act. Changes the name of the Financial Institutions Code to the Financial Institutions Act. Sets forth additional powers and duties of the Division of Financial Institutions. Sets forth provisions concerning court orders, penalty of perjury, character and fitness of licensees, and consent orders and settlement agreements. Removes specified provisions. Defines terms. Makes other changes. Makes a conforming change in the Collection Agency Act. Amends the Currency Exchange Act, the Sales Finance Agency Act, the Debt Management Service Act, the Consumer Installment Loan Act, and the Debt Settlement Consumer Protection Act. Changes application, license, and examination fees. Effective January 1, 2026.

Actions 

Date	Chamber	Action
2/4/2025	Senate	Filed with Secretary by Sen. Mark L. Walker
2/4/2025	Senate	First Reading
2/4/2025	Senate	Referred to Assignments
3/18/2025	Senate	Added as Co-Sponsor Sen. Karina Villa
3/19/2025	Senate	Added as Co-Sponsor Sen. Rachel Ventura

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