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SB 696

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Financial Institutions - Complaint Database and Analysis - Required

Sponsor: Carl Jackson (District 8)Committee: FinanceSubject: Financial InstitutionsStatus: Hearing 2/26 at 1:00 p.m. (as of Sep 4, 2026)

What this bill does

Official synopsis

Requiring the Office of Financial Regulation to establish and maintain a certain database for complaints filed against financial institutions for unfair, deceptive, or abusive practices; and requiring the Office to publish a certain analysis of complaints quarterly on the Office's website.

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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 (7)

MGA witness list
FAV 3FavorableFWA 4Favorable with amendments
PositionWitnessOrganizationTestimony
FAVMuckle, LonialobbyistCASH Campaign of MarylandOral + Written (PDF)
FAVBevan-Dangel, JenniferlobbyistEconomic Action Maryland FundOral + Written (PDF)
FAVSenator Jackson, C., Senator Jackson, C.legislatorIndividualOral
FWARichards, EvanlobbyistMaryland Bankers AssociationOral + Written (PDF)
FWAHennen, AmyOffice of Financial Regulation, Maryland Department of LaborWritten (PDF)
FWASalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FWAMurray, RorylobbyistIndividualWritten (PDF)

Organizations on record

Registered lobbyists who testified

FAVMuckle, LoniaCASH Campaign of MarylandRegistered for: CASH Campaign of Maryland
FAVBevan-Dangel, JenniferEconomic Action Maryland FundRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Humane Society of the United States; Chesapeake Bay Foundation; Humane World for Animals
FWARichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association
FWAMurray, RoryRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables