Financial Institutions - Consumer Protection - Money Transmissions and Virtual Currencies
What this bill does
Adding certain sources of revenue required to be credited to the Nondepository Special Fund; requiring the Commissioner of Financial Regulation to pay certain fines and penalties into the General Fund of the State; altering certain provisions on the regulation of money transmission by the Commissioner; authorizing the Commissioner to identify certain activities as money transmission for certain purposes; establishing licensing requirements for certain money transmission locations; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (6)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Stern, Isadoralobbyist | Maryland Consumer Rights Coalition | Written (PDF) |
| FAV | Salazar, Tony | Maryland Department of Labor | Oral + Written (PDF) |
| FAV | Senator Rosapepe, Senator Rosapepelegislator | Individual | Position only |
| UNF | Enten, Bob | MBA | Position only |
| UNF | Murphy, Kathleen | MBA | Oral + Written (PDF) |
| UNF | Kitzmiller, Peter | Maryland Automobile Dealers Association ` | Position only |