Connecticut SB00303 requires Connecticut banks and credit unions to offer secured credit cards to customers.
Connecticut SB00303 mandates that Connecticut banks and credit unions provide secured credit cards to their customers. A secured credit card requires customers to deposit funds as security. The bill defines "Connecticut bank" and "Connecticut credit union" based on existing statutes. It also sets an effective date of October 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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