Illinois has passed a law empowering state banks to sell virtually any product or service if at least one other state allows it.

This is the capstone of a series of laws that have been passed in the last few years, said Bruce J. Baker, senior vice president and general counsel at the Illinois Bankers Association. It truly places Illinois at the front of the pack.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.