The Connecticut legislature passed Senate Bill 1033 on June 6, 2023. If signed into law by Connecticut's governor, Senate Bill 1033 will make significant changes to the Connecticut Small Loan Act.
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Connecticut Department of Banking issued a temporary cease and desist order directing a peer-to-peer lending platform that connected borrowers with third-party lenders to cease its lending-related activities on grounds that operating as an unlicensed small loan company.