Rep. Tom Delnicki Honored by AARP

Rep. Tom Delnicki Honored by AARP 

HARTFORD – State Representative Tom Delnicki (R-14) has earned the 2024 AARP Legislative Achievement Award in recognition of his leadership in ensuring that all residents, especially older residents are protected from deceptive and anti-consumer practices.

“I want to thank AARP for this legislative recognition,” said Rep. Delnicki. “We worked to provide are all necessary and reasonable tools needed to investigate and enforce rules the financial industry is bound by, regardless of whether an institution is chartered or licensed in Connecticut.”

According to AARP, Rep. Delnicki, as the Ranking Member of the Banking Committee was a key sponsor to new law expands the attorney general’s pre-trial investigative authority to enforce the federal Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) by, among other things, authorizing him to issue subpoenas for documentary material, testimony, or responses to written interrogatories. It requires the attorney general to coordinate subpoenas with the banking commissioner and sets out several procedures for this process. It also allows him to apply to a Superior Court to enforce a subpoena, including requesting that the court impose a civil penalty of up to $10,000.

This law will give the Attorney General key the investigatory tools necessary to enforce certain Consumer Financial Protection Agency (CFPA) protections against banks chartered in other states, like M&T Bank.