Bill
Bill > SB696
summary
Introduced
02/06/2026
02/06/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requiring the Office of Financial Regulation to establish and maintain a certain database for complaints filed against financial institutions for unfair, deceptive, or abusive practices; and requiring the Office to publish a certain analysis of complaints quarterly on the Office's website.
AI Summary
This bill requires the Office of Financial Regulation, which is a state agency responsible for overseeing financial institutions, to create and maintain a public online database of complaints filed by Maryland residents against financial institutions for unfair, abusive, or deceptive practices. The database will be searchable and downloadable, and will include narrative descriptions of consumer experiences, with personally identifiable information removed to protect privacy. In addition to the database, the Office of Financial Regulation must also publish a quarterly analysis of complaint trends and how they were resolved on its website, aiming to increase transparency for consumers and improve the agency's ability to analyze these issues. This Act is set to take effect on October 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Finance Hearing (13:00:00 2/26/2026 ) (on 02/26/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0696?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/sb/sb0696f.pdf |
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