Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Illinois bans the use of AI in medical practices without input from healthcare professionals.

August 12, 2025

Google enhances its financing platform with AI for real-time data.

August 12, 2025

AI Essentials for Contemporary Finance and Accounting Leaders: A Fundamental Guide

August 12, 2025

Big Sky AI Forum 2025: The Essential Event for Financial Leaders

August 11, 2025
Facebook X (Twitter) Instagram
Trending
  • Illinois bans the use of AI in medical practices without input from healthcare professionals.
  • Google enhances its financing platform with AI for real-time data.
  • AI Essentials for Contemporary Finance and Accounting Leaders: A Fundamental Guide
  • Big Sky AI Forum 2025: The Essential Event for Financial Leaders
  • China does not confirm any new restrictions on cryptography amid market volatility rumors.
  • Strategies Employed by Salesforce’s Finance Chief to Leverage AI
  • Reasons for Fintech Startups Implementing Cryptographic Wage Systems in 2025
  • PB Fintech displays significant fluctuations amidst broader market trends and performance variability.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    As profits increase, PB Fintech makes another move into common funds.

    August 1, 2025

    The integration of AI is advancing within Israel’s fintech sector.

    July 31, 2025

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025
  • AI

    Illinois bans the use of AI in medical practices without input from healthcare professionals.

    August 12, 2025

    Google enhances its financing platform with AI for real-time data.

    August 12, 2025

    AI Essentials for Contemporary Finance and Accounting Leaders: A Fundamental Guide

    August 12, 2025

    Big Sky AI Forum 2025: The Essential Event for Financial Leaders

    August 11, 2025

    Strategies Employed by Salesforce’s Finance Chief to Leverage AI

    August 11, 2025
  • Acquisitions

    The funding strategy for the Fintech company is secured.

    July 31, 2025

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025
  • Trends

    PB Fintech displays significant fluctuations amidst broader market trends and performance variability.

    August 11, 2025

    GCC Fintech Market Forecasted to Grow at a CAGR of 15.68% from 2025 to 2033

    August 1, 2025

    Fintech algoquant hits a 52-week peak amid broader market trends.

    July 31, 2025

    Exploring the Challenges of a Unsuccessful Proposal in a Turbulent Fintech Environment

    July 29, 2025

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025
  • Insights

    Key Investors Drive Fintech Growth in the Philippines

    August 1, 2025

    Co-founder of Wise claims ยฃ10 billion fintech misled investors

    July 29, 2025

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalรฉsaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025
  • Rumors

    China does not confirm any new restrictions on cryptography amid market volatility rumors.

    August 11, 2025

    Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

    August 2, 2025

    Mybambu is expanding in West Palm Beach, aiming to create 200 new jobs, among several financial services firms that have relocated to Palm Beach County recently.

    July 31, 2025

    Hang Seng Electronic denies claims of partnership with anti-establishment groups as stock exchange declines by 0.17%

    July 29, 2025

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025
  • Startups

    Reasons for Fintech Startups Implementing Cryptographic Wage Systems in 2025

    August 11, 2025

    Top 10 Fundraising Fintech Startups in Africa for the First Half of 2025

    August 11, 2025

    The conclusion of Windows 10 poses a cybersecurity threat for fintech startups.

    August 10, 2025

    The conclusion of a chapter: what comes next for fintech startups following the Microsoft perspective?

    August 9, 2025

    Increase in Global Investments and Mergers

    August 9, 2025
  • finjobsly
fintechbits
Home ยป Illinois bans the use of AI in medical practices without input from healthcare professionals.
AI in Finance

Illinois bans the use of AI in medical practices without input from healthcare professionals.

2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Ai artificial intelligence docs robot westend61 getty20images.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Illinois Legislation Limits AI in Mental Health Care

In a significant move, Illinois Governor JB Pritzker has enacted legislation that prohibits the use of artificial intelligence (AI) in therapeutic decision-making. This law aims to ensure that mental health services are administered under human supervision by licensed professionals.

Scope of the Legislation

The new law explicitly restricts the use of AI in therapy and psychotherapy, mandating that any such applications must be overseen by qualified clinicians. However, AI is still permitted for administrative tasks and as supplementary support for approved behavioral health professionals.

Protecting Patient Safety

Governor Pritzker emphasized the importance of safeguarding patients from unregulated AI applications that may compromise care quality. The legislation aims to protect qualified behavioral health jobs and address rising concerns regarding the utilization of AI chatbots in mental health services.

Expert Opinions and Risks

Various stakeholders, including members of the Illinois General Assembly and the National Association of Social Workers, have collaborated to address the potential risks associated with using AI in therapeutic contexts. A recent report highlighted alarming AI chatbot recommendations that could misguide vulnerable individuals seeking help.

Oversight and Enforcement

The Illinois Department of Financial and Professional Regulation (IDFPR) will oversee the enforcement of this legislation and investigate any alleged violations. Confirmed breaches of the law may result in fines of up to $10,000, underlining the seriousness of adherence to human-led care standards.

Legislative Intent and Public Awareness

Bob Morgan, a legislative supporter, noted the growing concern about unqualified chatbots providing harmful advice. The law aims to ensure that Illinois residents have access to professional, high-quality mental health services while curbing potentially dangerous reliance on unregulated AI solutions.

The Broader Impact of AI in Healthcare

The Congressional Budget Office highlighted mixed evidence regarding AI’s effectiveness in healthcare, particularly concerning cost implications. As the technology continues to evolve, careful evaluation and more substantial empirical evidence will be necessary to comprehend its overall impact on healthcare spending and patient outcomes.

This legislation serves as a proactive measure to maintain the integrity of mental health care in Illinois, ensuring that treatment remains in the hands of trained professionals. As the field of AI evolves, ongoing discussions and regulations will be vital to protect vulnerable populations seeking mental health support.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Google enhances its financing platform with AI for real-time data.

August 12, 2025

AI Essentials for Contemporary Finance and Accounting Leaders: A Fundamental Guide

August 12, 2025

Big Sky AI Forum 2025: The Essential Event for Financial Leaders

August 11, 2025
Leave A Reply Cancel Reply

Latest news

Illinois bans the use of AI in medical practices without input from healthcare professionals.

August 12, 2025

Google enhances its financing platform with AI for real-time data.

August 12, 2025

AI Essentials for Contemporary Finance and Accounting Leaders: A Fundamental Guide

August 12, 2025
News
  • AI in Finance (1,474)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (185)
  • Jobs Market News (299)
  • Market Insights (194)
  • Market Rumors (261)
  • Regulatory Updates (159)
  • Startup News (990)
  • Technology Innovations (159)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,474)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (185)
  • Jobs Market News (299)
  • Market Insights (194)
  • Market Rumors (261)
  • Regulatory Updates (159)
  • Startup News (990)
  • Technology Innovations (159)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.