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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Providing financial services to legal marijuana businesses in the U.S. has proven a challenging, complicated venture for the nation’s banks.

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Another Maryland threat to bank partner model lending

CFPB Monitor

A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts.

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.

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New Guinness Brewery On Tap In Maryland

PYMNTS

To bring a beer tour and tasting experience to its customers, Guinness has opened a $90 million brewery in Maryland. The location is the company’s first new brewery in 60 years, CNBC reported.

Maryland 107
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Mama’s Biscuits Opening New Manufacturing Facility In Maryland

PYMNTS

They are sold in major retailers such as Wegmans and Whole Foods Market in Washington, D.C., Maryland and Virginia, as well as online. Mama Biscuit’s Gourmet Biscuits (MBGB) produces flavored gourmet biscuits that “bridge the gap between” sweet cupcakes and savory tasting treats.

Maryland 101
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Career in Banking Advice from The Pro's

Jeff For Banks

A career banker with multiple financial institutions, including the long-admired Mercantile from Maryland, Mike elevated up the credit and lending vertical to his current position. Mark Semanie, Maryland Market President, Wesbanco. Kevin Benson, President of Rosedale Federal S&L Association.

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i2c Announces Processing Partnerships, Product Launches

PYMNTS

Archa, based in Australia, wanted to address a gap in the country’s corporate card market, the release stated. i2c said the new partnerships share similarities in the relative ease in how the products were put together to address various opportunities, speed to market and the options for expansion later on.

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