Connecticut moves to regulate EWA
Payments Dive
SEPTEMBER 19, 2023
The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.
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Payments Dive
SEPTEMBER 19, 2023
The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.
Payments Dive
JANUARY 5, 2024
The earned wage access company said the Connecticut Department of Banking determined it doesn’t need a state lending license.
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CFPB Monitor
MAY 4, 2022
Connecticut is the next in a growing list of states to pass comprehensive data privacy legislation. Last Friday, the Connecticut legislature passed, by large margins, Senate Bill 6 — which we are referring to as the Connecticut Data Privacy Act (CTDPA). The law now awaits the Governor’s signature. No Rule Making Authority.
PYMNTS
SEPTEMBER 23, 2020
Like all the towns on the Connecticut shoreline, Guilford is centered around a village green. On its north side stands a picture-postcard, white-steepled church. To the east is another church and spire, this one made of carved granite taken from the local quarries.
PYMNTS
JANUARY 14, 2021
Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. Connecticut’s inquiry is just the latest antitrust probe by several state and federal authorities into how Amazon conducts its business.
Payments Dive
MAY 16, 2024
The warning comes as states and the federal government weigh options for regulating earned wage access products.
CFPB Monitor
SEPTEMBER 20, 2023
The Connecticut Department of Banking (the “Department”) issued a guidance letter on September 11, 2023 (the “Guidance”) providing its position regarding the amendments to Connecticut’s Small Loan Lending and Related Activities Act (the “Act”) that become effective on October 1, 2023. We previously blogged about these amendments here.
PYMNTS
JUNE 24, 2020
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. Phil Murphy and Connecticut Gov. New York Gov. Andrew Cuomo, New Jersey Gov.
PYMNTS
SEPTEMBER 30, 2016
28) said Connecticut is preparing for a new statute to legalize payroll cards. Connecticut is also ensuring that, while payroll cards can expire, the funds loaded onto them cannot, and lost cards can be replaced once a year when an employee makes such a request. Reports on Wednesday (Sept. The statute comes into effect Oct.
BankDeals
JULY 24, 2020
Connecticut Community Bank, N.A. is currently offering an 18-month CD with the highest rate in Connecticut. Minimum opening deposit is $500. Also available as an IRA CD.
CFPB Monitor
JULY 29, 2022
On July 20, 2022, the Connecticut Department of Banking (the “Department”) issued a Consumer and Industry Advisory on Money Transmission (the “Advisory”). The definition of money transmission was further broadened in 2018 when Connecticut amended its money transmitter statute to encompass transmission activities involving virtual currency.
Perficient
FEBRUARY 26, 2021
The fact that the increase in New York is based upon inflation data from New Jersey, Connecticut and Pennsylvania seems a bit of a stretch, but is likely based on the challenge of collecting accurate inflation data by state. The increase is permitted under Part 400.11 Interestingly, New Jersey has a different percentage.
CFPB Monitor
OCTOBER 9, 2018
Last week, the Connecticut Fair Housing Center, Inc. filed a complaint against Liberty Bank in Connecticut federal district court alleging that the Bank engaged in discriminatory mortgage lending in violation of the federal Fair Housing Act.
CFPB Monitor
MAY 19, 2022
The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. Some Connecticut borrowers were assessed a late fee equal to 15% of the principal loan amount, which was generally split equally between the lender and SoLo.
PYMNTS
DECEMBER 28, 2020
Headquartered in Stamford, Connecticut, and privately held, cxLoyalty said it serves some 70 million people across 19 countries. He added in the statement that he anticipates the transition will go smoothly and noted that the company’s staff "worked tirelessly to achieve this milestone.”.
American Banker
APRIL 17, 2024
Banking Circle US is the first company to use Connecticut's uninsured bank charter for wholesale and merchant activities. This kind of charter makes sense for payments firms, but questions persist about overall viability.
CFPB Monitor
MAY 24, 2023
and Connecticut relating to its practice of requesting tips and donations in connection with the loans offered through its platform. A fintech peer-to-peer lender has entered into separate consent orders with California, Washington D.C.,
PYMNTS
AUGUST 14, 2020
Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.
PYMNTS
DECEMBER 9, 2020
locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.
PYMNTS
APRIL 13, 2020
Also, Subway is providing groceries at 250 locations in Oregon, Connecticut, California, Washington and Tennessee. Since starting the sales two weeks prior, the restaurant has reportedly come up with an income source to mitigate some of its lost business from dine-in customers.
PYMNTS
SEPTEMBER 14, 2020
Zipline will operate from a Walmart store and can service a 50-mile radius, which is about the size of the state of Connecticut.”. “The new service will make on-demand deliveries of select health and wellness products with the potential to expand to general merchandise,” said Walmart.
PYMNTS
AUGUST 13, 2020
We have ended relationships with some partners and Amazon is working closely with all impacted drivers to ensure they find opportunities to deliver Amazon packages with other local Delivery Service Partners with little to no disruption to pay,” an Amazon spokesperson told CNBC.
Abrigo
OCTOBER 29, 2014
The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. The OCC on Oct. This metric surged from 2 percent as of June 30, 2013, to 4.4 percent as measured on June 30 of this year. This is slightly below pre-financial crisis levels, but denotes a sizable step toward recovery.
PYMNTS
OCTOBER 9, 2018
The New York Attorney General and the Connecticut Attorney General are investigating the Google data breach that may have exposed the private data of at least 500,000 users. Google announced Monday (October 8) that it is shutting down Google+ after finding a security bug that made the data accessible to developers.
MyBankTracker
MARCH 12, 2021
Connecticut is one of the most expensive states to have car insurance in. Average Car Insurance Rates in Connecticut. Statewide average premiums in Connecticut for three popular car insurance coverage levels (all premium information we’ll be providing comes from our sister site, Car Insurance.com.).
American Banker
NOVEMBER 15, 2021
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PYMNTS
MAY 19, 2020
Attorney’s Office in Connecticut and has worked in a private law firm. Before his roles in Treasury, Werner was an attorney advisor in the Justice Department’s Office of Legal Counsel, Libra said. He also served as a federal prosecutor in the U.S.
PYMNTS
MAY 20, 2020
Discussions are taking place with Connecticut-based L Catterton, which was a key player in Tonal’s $45 million venture capital funding round in 2019. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry. Tonal charges $49 per month for virtual personal training sessions.
PYMNTS
OCTOBER 29, 2020
Comparatively, in 2019, the total number of people filing for benefits was 1.4 During the week ending Oct.
CFPB Monitor
JULY 5, 2023
On June 29, 2023, Connecticut’s Governor signed into law Substitute Senate Bill No. 1033 which makes significant changes to the state’s Small Loan Act. The new law takes effect on October 1, 2023. The primary changes are as follows: New APR calculation (Section 1, subdivision (2), Revising 36a-555(2)).
CFPB Monitor
JULY 2, 2021
The order applies to individuals working on behalf of persons licensed in Connecticut as: Consumer collection agencies; Debt adjusters; Debt negotiators; Mortgage brokers, mortgage correspondent lenders or mortgage lenders; Mortgage servicers; Sales finance companies; Small loan companies; and.
American Banker
AUGUST 15, 2021
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PYMNTS
APRIL 24, 2020
This is an election year and several states, including New Jersey, Arizona, South Dakota, New York, Connecticut and Rhode Island, have bills about cannabis legalization on the ballot or might have those bills. That number has advocates for the drug optimistic about its future prospects of legality.
PYMNTS
MAY 7, 2020
The highest insured unemployment rates in the week ending April 18 were in Vermont (25.2), West Virginia (21.9), Michigan (21.7), Rhode Island (20.4), Nevada (19.9), Connecticut (18.7), Puerto Rico (17.9), Georgia (17.3), New York (17.2) Seven states reported there were 52,305 claims for Pandemic Emergency Unemployment Compensation.
BankDeals
SEPTEMBER 3, 2020
Collinsville Bank's Kasasa Cash offers a competitive rate and is available statewide in Connecticut and in three Massachusetts counties.
PYMNTS
DECEMBER 8, 2020
States and territories that currently have COVID-19 travel restrictions include Alaska, Connecticut, District of Columbia, Chicago, Hawaii, Maine, Maryland, Massachusetts, New Hampshire, New York, Pennsylvania, Puerto Rico, Rhode Island and Vermont. The tests will be available to American Airlines customers who are traveling to U.S.
PYMNTS
JUNE 23, 2020
However, it will now start on July 16 of next year in Connecticut at the Mohegan Sun Arena and will conclude at the Hollywood Bowl on Oct. Tickets bought in the past can be used for the revised dates, or those who aren’t able to go can seek a reimbursement. The tour was first set for July to September of this year.
American Banker
OCTOBER 2, 2024
New Canaan-based Bankwell's digital solution relies on software designed by Lendio to compress the application-to-funding interval and appeal to speed-conscious small business owners
American Banker
NOVEMBER 23, 2022
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PYMNTS
NOVEMBER 1, 2020
And Cuomo said the spikes had turned up even in neighboring states like Connecticut and New Jersey, which had previously gotten their rates down to manageable levels, CNBC wrote. Cuomo has advised residents not to travel outside the state for the holidays if they can, due to the risk of continuing to spread the virus.
American Banker
AUGUST 1, 2022
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American Banker
DECEMBER 28, 2022
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American Banker
AUGUST 25, 2022
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American Banker
FEBRUARY 8, 2024
It's early days in the Connecticut bank's testing of Cascading AI, but one clear benefit has emerged: The software can handle the many inquiries that come in on Friday nights, after loan officers have gone home.
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