NetChoice opposes Connecticut Senate Bill 1396, which would impose restrictive regulations on earned wage access (EWA) platforms that help workers access their already-earned wages before payday.
The bill would misclassify these services as loans, impose arbitrary fee caps, and create barriers that would eliminate consumer choice while favoring only the largest companies in the market.
This legislation would harm Connecticut workers by reducing their financial flexibility options and stifling innovation in the fintech sector.