An Act Concerning Recommendations From The Department Of Consumer Protection With Respect To The Connecticut Unfair Trade Practices Act And Sports Wagering.

Summary

If enacted, this bill would increase the maximum restitution available under the Connecticut Unfair Trade Practices Act (CUTPA), align record retention requirements across statutory provisions, and update the state's cheating statute to cover sports wagering. The changes affect any entity subject to CUTPA, including lenders, servicers, and fintechs operating in Connecticut, by exposing them to higher restitution liabilities and more consistent recordkeeping rules. The sports wagering provision primarily targets casinos and sportsbooks.