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Maryland EWA legislation draws protest

Payments Dive

A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.

Maryland 243
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EWA advocates push back on Maryland guidance

Payments Dive

At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

Maryland 195
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Maryland gets tough on BNPL

Payments Dive

Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.

Maryland 243
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“True Lender Act” Bill Proposed in Maryland

CFPB Monitor

Maryland has joined the ranks of states considering legislation that would codify elements of “true lender” theory in an effort to impose federally preempted state licensing requirements and rate caps on loans to Maryland residents. Continue Reading

Maryland 148
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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.

Maryland 151
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Maryland Launches eProcurement Portal With Nitor, Ivalua

PYMNTS

The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. The platform will be available for use by state agencies, local governments, municipalities, and various players within the education and school system.

Maryland 101
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Senate Approves Five Week Extension For Paycheck Protection Program 

PYMNTS

Benjamin Cardin (D-Maryland), one of the bill’s authors. Only Maryland, Rhode Island and the District of Columbia have seen fewer new cases. It is intended to provide a lifeline to SMBs with fewer than 500 employees. It now goes to the Democratically-controlled House and must be signed by the president, The Times reported.