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Committee hears competing views as Connecticut weighs regulating earned-wage access apps
Summary
Connecticut legislators heard more than five hours of testimony Tuesday on Senate Bill 13‑96, which would create a licensing and consumer‑protection framework for earned‑wage‑access services that let workers draw on wages they have already earned.
Connecticut legislators heard more than five hours of testimony Tuesday on Senate Bill 13‑96, a proposal to set rules and a licensing framework for earned‑wage‑access (EWA) services that give workers early access to wages they have already earned.
Proponents including large EWA providers, payroll groups and some customers argued the services are a low‑cost alternative to overdrafts and payday loans and can help workers avoid more costly debt. Opponents, including consumer advocates and some labor representatives, warned the products can become costly if used frequently and urged stronger limits and monitoring before the state broadens legal protections.
Supporters framed the bill as a practical update to Connecticut law that would preserve consumer protections while allowing employer‑integrated and direct‑to‑consumer providers to operate…
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