Governor Hochul Announces New Nation-Leading Regulation to Establish Comprehensive Consumer Protections For Buy Now, Pay Later Loans

Governor Hochul has introduced new rules to protect consumers who use Buy Now, Pay Later loans. This regulation aims to ensure that borrowers have clear information about their loans and can make informed decisions. Insurance agents should be aware of these changes as they may impact clients who use these financing options. Agents should review the new regulations and be prepared to advise clients accordingly.