One-time CT mortgage lender loses case at state Supreme Court; promises to keep fighting 'regulatory creep'

John DiIorio’s 1st Alliance Lending was booming three years ago after being financed by $1.5 million in state business development money. But that ended precipitously in 2019 – and the state lost its investment – when state bank regulators said his business plan, the basis of the development money, violated lending laws.

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