SPRINGFIELD– Senator Cristina Castro (D-Elgin) passed her measure in committee today which would allow Illinois consumers to have an added protection.

Under Castro’s legislation, consumers would be protected from misleading practices, especially seniors and working families. The measure would make it an unlawful practice to offer consumers a rebate card that charges dormancy fees or other post-issuance fee.

“If a consumer is owed money from a rebate, they shouldn’t be hindered by dormancy fees,” said Castro. “It is unfair to the consumer. Consumers shouldn’t be at risk of being charged for getting a rebate. That is their money.”

This measure was an initiative from the Illinois State Treasurer to prevent banks from taking unclaimed property on rebate cards. The State Treasurer and the Attorney General have worked together to protect Illinois consumers who have money owed to them from rebates.  

Senate Bill 222 passed the Commerce and Economic Development Committee and will now move to the Senate for a vote.