CT SB01544

Banking Commissioner must study consumer complaints from July 1, 2020 through June 30, 2025 related to presettlement legal funding and small loans provided to individuals seeking wrongful incarceration compensation under section 54-102uu

Study must review alleged improprieties by presettlement funding providers, unlicensed entities making small loans, consent decrees, and other enforcement actions taken by the department

Commissioner must consult with Commissioner of Consumer Protection and Attorney General to develop recommended legislative changes for enhanced consumer protections for wrongful incarceration claimants

Recommendations must include establishing a process for appointing a trustee to manage receipt and disbursement of wrongful incarceration awards while claims are pending with the Office of the Claims Commissioner

Report due to judiciary, banking, and consumer protection committees by January 8, 2026