Connecticut Attorney General William Tong’s push to add bank investigations to his office’s powers died without ever reaching the floor in the General Assembly this spring, but he’s reportedly not giving up on the idea.
In the wake of Buffalo, New York-based M&T Bank’s troubled takeover of People’s United Bank, Tong had proposed a bill that would let the state attorney general’s office investigate potential violations of federal consumer protection laws and enforce some of those laws against out-of-state banks M&T Bank.
The General Assembly’s banking committee approved the bill, but it never got a vote in either the House or Senate.
In an interview with the Stamford Advocate, Tong said he’s “not giving up” on efforts to get new powers. The outlet also spoke to leading legislators about their reservations about Tong’s bill.





