Connecticut
For Connecticut, statute citation is Public Act 25-155 (SB 1396), An Act Concerning Earned But Unpaid Wage or Salary Income Advances; effective date is October 1, 2025; product classification is distinct product category; exempt from existing APR caps; fee caps is $4 per transaction fee cap or $30 monthly fee cap; free option required is yes — obligates providers to offer ways to receive no-cost advances, recorded from its source on 2026-08-18.
- state
- Connecticut verified
- statute citation
- Public Act 25-155 (SB 1396), An Act Concerning Earned But Unpaid Wage or Salary Income Advances our reading
- effective date
- October 1, 2025 verified
- product classification
- distinct product category; exempt from existing APR caps verified
- fee caps
- $4 per transaction fee cap or $30 monthly fee cap verified
- free option required
- yes — obligates providers to offer ways to receive no-cost advances verified
- late fees prohibited
- yes — prohibits charging late fees or any other penalty verified
- collection limits
- prohibits pursuing unpaid amounts through lawsuits or collections; prohibits accepting repayment through credit card verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
Exempts earned but unpaid wage or salary income advances from existing APR caps and limits the total finance charge to $4 per transaction fee cap or $30 monthly fee cap; Obligates earned wage access providers to give certain disclosures, verify earned but unpaid wage or salary income and offer ways to receive no-cost advances; and Prohibits earned wage access providers from taking certain actions, including, but not limited to, accepting repayment through credit card, pursuing unpaid amounts through lawsuits or collections, charging late fees or any other penalty.
— portal.ct.gov, retrieved 2026-08-18
Source
- portal.ct.govhttps://portal.ct.gov/dob/legislation/legislation/2025-banking-and-related-legislation