One company’s unusually bitter and public fight with Connecticut is providing a rare, if largely one-sided, view of what it’s like to fall into the cross hairs of state regulators.
Department of Banking
CT House passes online financial protections
The state House of Representatives unanimously approved legislation Wednesday that would broaden consumer protections against on-line financial threats ranging from payday loans to identity theft.
Tribal lenders claim right to charge 448% on loans in CT
An Oklahoma tribe and its allies are fighting a legal, advertising and social-media war in Connecticut, claiming a right as a sovereign government to make unlicensed short-term loans at astronomical interest rates in defiance of state usury laws.
Jorge Perez, a banker, pol and activist, picked for banking post
Jorge Perez, the governor’s choice to oversee the banking industry in Connecticut, would bring a background in community banking, neighborhood activism and urban politics to the state Department of Banking.