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Connecticut Issues Guidance Clarifying the Applicability of its Small Loan Act to "True Lenders" and Earned Wage Access Providers | Ballard Spahr LLP - Vimarsana News

Connecticut Issues Guidance Clarifying the Applicability of its Small Loan Act to "True Lenders" and Earned Wage Access Providers | Ballard Spahr LLP

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...