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===New York's ''Buy-Now-Pay-Later'' Act=== On May 9, 2025, New York included in their budget legislation (Senate Bill 3008) the ''Buy-Now-Pay-Later Act'' (Article 14-B) to regulate BNPL lenders by requiring state licensure and other regulations<ref name=":2" /><ref>{{Cite web |last=Cover |first=Jason |date=29 May 2025 |title=Understanding New Yorkβs New Buy-Now-Pay-Later Law |url=https://www.consumerfinancialserviceslawmonitor.com/2025/05/understanding-new-yorks-new-buy-now-pay-later-law/ |website=Consumer Financial Services - Law Monitor}}</ref><ref>{{Cite web |date=Jan 2025 |title=Senate Bill S3008C |url=https://www.nysenate.gov/legislation/bills/2025/S3008/amendment/C |website=The New York State Senate}}</ref>. One major criticism of this bill is that it only affects banks within the state of New York, while national and foreign entities are not required to follow the guideline{{Citation needed}}.
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