Today, Connecticut's law continues to be a focal point for both industry groups and consumer advocacy groups. Industry groups want to make regulation more inclusive so that more consumers can use EWA and intend on reengaging with the legislature during the next session, while some consumer advocacy groups have hailed the requirements. "Connecticut is what we would have called the gold standard," Yasmin Farahi, deputy director of state policy and senior policy counsel at the Center for Responsible Lending, told American Banker. "There are some really meaningful protections in the Connecticut bill that were really hard fought from a lot of effort from consumer advocates at countering the industry narrative and really educating lawmakers on the harms and risks associated with these products."
