consumer protection
Stop the Assault on Consumer Protections in MD, Urge Your Legislators to Vote NO on HB1417 and SB883!
With federal consumer protection efforts under assault, it’s more important now than ever for Maryland to pursue robust, far-reaching legislation to protect our residents. Instead, several bills were introduced this week that would roll back decades of strong consumer protections for Maryland families and open the door to droves of out-of-state predatory lenders. This week, the House Economic Matters Committee and Senate Judicial Proceedings Committee heard two troubling bills: HB1471 sponsored by Del. Marlon Amprey would carve out an exemption from Maryland's strong 36% rate cap for consumer loans for ‘peer-to-peer lending companies.” SoLoFund, a peer-to-peer lending company that would ...
Updates from Annapolis – 2024 Session Report
For Economic Action Maryland, like many other advocates, this proved to be a challenging session. The budget shortfall and budget negotiations took up a great deal of time and concerns about the budget meant that most legislation that came with a high price tag was destined to fail this year. There were new legislators, legislators who were new to certain committees, and new chairs of committees which meant that our issues were new to many legislators. Despite these challenges, we are very proud of the legislation that we passed both as a lead advocate and in coalition with a number ...