Connecticut Welcomes Back On-Demand Pay
/Connecticut State Legislature Enacts On-Demand Pay Legislation, Restoring Access for Thousands of Hard Working Employees In The State
NEW YORK, NY, UNITED STATES, July 10, 2025 /EINPresswire.com/ --DailyPay, a worktech company and the leading provider of On-Demand Pay, welcomes the full return of its On-Demand Pay service in Connecticut. With the passage of Senate Bill 1396, Connecticut became the 12th state to regulate On-Demand Pay, driving regulatory certainty for the growing industry and users relying on innovative financial products. The bill was signed into law by Governor Ned Lamont on July 8, 2025 and goes into effect on October 1, 2025.
With the passage of SB 1396, On-Demand Pay providers are exempted from Connecticut's Small Loan Act’s annual percentage rate and other requirements of traditional loans and credit products.