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Business, Sci-Tech

Maryland Department of Labor: Direct deposit will be available for unemployment insurance claimants in April

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Department of Labor Secretary Tiffany P. Robinson on Tuesday announced that Maryland’s unemployment insurance claimants will begin receiving their benefit payments via direct deposit beginning in April. The transition from Bank of America debit cards to direct deposit comes as a result of a new contract with Wells Fargo. “Maryland’s unemployment insurance claimants will begin receiving their benefit …

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Business, Politics

Attorney General Frosh announces $20 million settlement with Wells Fargo

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh announced on Tuesday that the Securities Division entered into a $20 million settlement with Wells Fargo & Company. The Consent Order resolves financial crisis-era claims that Wells Fargo misled investors in its issuance of residential mortgage-backed securities (RMBS). The $20 million settlement is the largest reached by a state for Wells Fargo’s financial-crisis …

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Business, Politics

Frosh announces $550 million settlement with subprime auto financing company Santander

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Tuesday announced a multistate settlement with Santander Consumer USA Inc. (Santander) that includes more than $500 million in relief for consumers. The settlement resolves allegations that Santander violated consumer protection laws by exposing subprime consumers to unnecessarily high levels of risk by placing them into auto loans that Santander had determined had …

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Business, Health, Politics

Attorney General Frosh calls on HUD to protect seniors’ homes during pandemic

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Friday joined a bipartisan coalition of 26 attorneys general in calling on the U.S. Department of Housing and Urban Development (HUD) to take immediate action to protect senior citizens from homelessness as a result of the COVID-19 pandemic. In a letter sent to HUD Secretary Ben Carson, the coalition recommends specific actions …

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CARES Act
Business, Health, Politics

Frosh reminds Marylanders that CARES Act stimulus payments cannot be seized by debt collectors

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh this week issued a reminder about stimulus payments being issued to Maryland residents as part of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. On April 29, 2020, Governor Larry Hogan issued Executive Order 20-04-29-03 prohibiting financial institutions from garnishing this financial assistance, except as related to child support. The CARES …

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Business, Health, Politics

Attorney General Frosh joins coalition fighting to protect consumer credit during COVID-19 pandemic

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Tuesday joined a coalition of 22 attorneys general warning the nation’s three Consumer Reporting Agencies (CRAs) that, as Americans continue to struggle from the economic fallout of the COVID-19 public health crisis, they will not hesitate to enforce safeguards set in place to ensure consumers’ credit is properly protected and that their …

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Business, Politics

Attorney General Frosh urges federal housing officials to help homeowners affected by COVID-19

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh this week joined a bipartisan coalition of 35 attorneys general in sending letters to the Federal Housing Finance Administration (FHFA) and the Department of Housing and Urban Development (HUD) recommending actions to help homeowners in the wake of the COVID-19 pandemic. The coalition applauded federal efforts to suspend evictions and foreclosures, as well …

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Scam Alert
Business, Crime, Politics

Attorney General Frosh warns consumers to beware of coronavirus-related investment schemes

Posted on by Chris Montcalmo

BALTIMORE, MD—Amid the ongoing COVID-19 pandemic, Maryland Attorney General Brian E. Frosh warned consumers on Tuesday to be wary of an anticipated surge in fraudulent investment schemes. “In these extraordinary times the health and welfare of all must be our foremost concern, and that includes our financial health” said Attorney General Frosh. “Scammers will begin perpetrating schemes that require little …

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