HB 254

Did not advance

Commercial Law - Credit Regulation - Predatory Loan Prevention (True Lender Act)

Sponsor: Chair, Economic Matters CommitteeCommittee: Economic MattersSubject: Commercial Law - Credit RegulationStatus: Hearing 1/23 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Prohibiting a person from engaging in certain activities to evade certain requirements relating to lending or the extension of credit; establishing that a person is a lender subject to certain statutory requirements under certain circumstances; etc.

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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 (14)

MGA witness list

FAV 9FavorableFWA 1Favorable with amendmentsUNF 3UnfavorableINFO 1Information only

Position	Witness	Organization	Testimony
FAV	Moore, Tonaeyalobbyist	CASH CAMPAIGN OF MARYLAND	Written (PDF)
FAV	Barkley- Denney, Whitney	CRL	Oral + Written (PDF)
FAV	White, Marcelinelobbyist	Economic Action Maryland	Oral + Written (PDF)
FAV	Meeks, Wilson	Maryland Attorney General's Office, Consumer Protection Division	Written (PDF)
FAV	Edwards, Donna	Maryland State & DC AFL-CIO	Oral + Written (PDF)
FAV	Saunders, Lauren	National Consumer Law Center	Oral + Written (PDF)
FAV	Salazar, Antonio	Office of the Commissioner of Financial Regulation	Oral
FAV	Hennen, Amy	Office of the Commissioner of Financial Regulation, Department of Labor	Oral + Written (PDF)
FAV	Chair, Economic Matters Committee, Chair, Economic Matters Committee	Individual	Oral
UNF	Goldfeder, Phil	American Fintech Council	Oral + Written (PDF)
UNF	Rider, Tara	Cross River	Written (PDF)
UNF	Hebert, Claire	Electronic Transactions Association	Written (PDF)
FWA	Yeager, Bob	MD Office of Financial Regulation (OFR)	Oral
INFO	Russell, Samantha	Financial Technology Association	Written (PDF)

Organizations on record

American Fintech CouncilUNF 1

CASH CAMPAIGN OF MARYLANDFAV 1

CRLFAV 1

Cross RiverUNF 1

Economic Action MarylandFAV 1

Electronic Transactions AssociationUNF 1

Financial Technology AssociationINFO 1

Maryland Attorney General's Office, Consumer Protection DivisionFAV 1

Maryland State & DC AFL-CIOFAV 1

MD Office of Financial Regulation (OFR)FWA 1

National Consumer Law CenterFAV 1

Office of the Commissioner of Financial RegulationFAV 1

Office of the Commissioner of Financial Regulation, Department of LaborFAV 1

Registered lobbyists who testified

FAVMoore, TonaeyaCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland

FAVWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition