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ARTICLE · 22 JANUARY 2026

FAIR Warning: New York's Consumer Laws Get A Makeover

Holland & Knight
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New York Gov. Kathy Hochul has taken ignificant steps aimed at strengthening New York's consumer protection laws by signing two major pieces of legislation...

United StatesFinance and Banking
Veronica M. Ruiz
Veronica M. Ruiz
Bob Jaworski
Bob Jaworski
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Highlights

  • New York Gov. Kathy Hochul has taken ignificant steps aimed at strengthening New York's consumer protection laws by signing two major pieces of legislation targeting unfair and abusive business practices and unlicensed conduct.
  • Senate Bill S8408 amends the Financial Services Law by adding Section 402-a, making it unlawful to engage in any activity within New York state that requires a license, registration or authorization without actually possessing the necessary credentials.
  • The Fostering Affordability and Integrity through Reasonable Business Practices Act (FAIR Act) expands the General Business Law Article 22-A to add new prohibitions against unfair and abusive business acts and practices.

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