New York is Protecting its Consumers, One Budget at a Time

New York Governor Kathy Hochul has spoken: New York consumers need more information, more protections, and more money in their pockets.

As part of the Transportation, Economic Development and Environmental conservation Article VII Legislation section of the FY 2026 New York State Executive Budget (the “ TED Bill ”), Governor Kathy Hochul signed into law new consumer protection measures aimed to protect New York consumers by requiring businesses operating in the financial sector and retail marketplace to be more transparent about certain business practices and to make certain consumer-favorable transactions less confusing and more streamlined. Companies that engage with New York consumers should promptly familiarize themselves with the new requirements described below to ensure they