LCO No. 1291 1 of 1
General Assembly Proposed Bill No. 708
January Session, 2021
LCO No. 1291
Referred to Committee on BANKING
Introduced by:
SEN. BRADLEY, 23rd Dist.
(By Request)
AN ACT REQUIRING THE BANKING COMMISSIONER TO STUDY THE
FINANCIAL IMPACT CERTAIN OVERDRAFT PROTECTION
PROGRAMS HAVE ON CUSTOMERS IN CERTAIN DISADVANTAGED
COMMUNITIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the Banking Commissioner be required to (1) conduct a study to 1
determine the financial impact overdraft protection programs offered 2
by Connecticut banks and Connecticut credit unions have on customers 3
in certain disadvantaged communities, and (2) report the findings of 4
such study to the General Assembly. 5
Statement of Purpose:
To require the Banking Commissioner to conduct a study to determine
the financial impact certain overdraft protection programs have on
customers in certain disadvantaged communities.