Connecticut payments and fintech laws

What it would do: Requires Connecticut banks and credit unions to offer secured credit cards to customers and members, and to make account information available to account holders and authorized third parties for credit rating agency reporting, effective October 1, 2026.

What it would do: Adds definitions for digital wallets and clarifies that money transmission includes digital wallets and intermediary services. Prohibits money transmission licensees from claiming funds are eligible for Federal Deposit Insurance Corporation protections in solicitations and advertisements.

What it would do: Requires licensees operating money sharing applications to obtain notarized statements from parents or legal guardians before opening accounts for minors under 18, and mandates deletion of minor accounts within 15 business days of request. Violations constitute unfair trade practices enforced by the Attorney General.

What it would do: Prohibits state agencies from charging payors a service fee for payments made by credit card, charge card, or debit card.

What it would do: Amends section 1-1j of the general statutes to prohibit state agencies from requiring payment or processing of any license fee through a third-party entity that charges the licensee additional processing or transaction fees.

What it would do: Requires payment card networks to exclude sales and use tax amounts from interchange fee calculations for electronic payment transactions, effective October 1, 2026. Allows the Attorney General to enforce this requirement and recover civil penalties up to one thousand dollars per violation.

What it would do: Requires health care providers receiving any state funding to accept cash payment for health care services and related fees including parking, and to provide change up to fifty dollars.

What it would do: Prohibits payment card networks from including sales and use taxes in the amount on which interchange fees are imposed.

What it would do: Amends Connecticut general statutes to authorize businesses to require consumers to bear the cost of credit card fees and surcharges.

What it would do: Amends Connecticut general statutes to authorize businesses to charge consumers for the actual amount of credit card fees that businesses incur for purchases made by consumers.

What it would do: Amends Connecticut General Statutes section 14-145b(b) to require towing companies to accept payment for towing and storage charges by cash, check, credit card, or debit card.

What it would do: Amends Connecticut penal and procedural law to define digital currency as a monetary instrument, allow preconviction confiscation of digital wallets associated with theft to fund victim compensation, and establish a hearing process providing notice to the alleged offender.

What it would do: Amends Connecticut general statutes title 36a to permit persons licensed by the Banking Commissioner to provide earned wage access service.

What it would do: Prohibits state agencies from charging payors a service fee for payments made by credit card, charge card, or debit card.

What it would do: Requires any person doing business in Connecticut to obtain written consent from a consumer before storing the consumer's credit card or other payment information.