Maryland Gov. Moore signs consumer protection bills into law
Maryland Gov. Wes Moore recently signed into law two new consumer protection bills. One is the Earned Wage Access bill (SB94), which closes regulatory loopholes for app-based payday loans that allow workers to borrow against their wages before the end of the payroll cycle. This legislation follows a 2024 study that revealed Maryland consumers paid over $35 million in fees on 5.5 million transactions using these apps over the previous five years. In addition, the new law officially bans the ex...
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