Maryland SB696 mandates the Office of Financial Regulation to create a database for consumer complaints against financial institutions.
Maryland SB696 requires the Office of Financial Regulation to establish a database on its website for complaints filed by state residents against financial institutions for unfair, abusive, or deceptive trade practices. The database must be regularly updated, searchable by metrics determined by the Commissioner, and downloadable. The Office must also publish a quarterly analysis of the trends in and resolutions to the complaints listed on the Office's website.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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