BALTIMORE, MD—Block, Inc., the parent company of popular mobile payment service Cash App, has agreed to pay $80 million to settle with 48 state financial regulatory agencies, including Maryland, for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. The settlement, announced by the Maryland Department of Labor’s Office of Financial Regulation, addresses deficiencies in Block’sBSA/AML program that […]
BALTIMORE, MD—The Maryland Department of Labor this week announced $1 million in grant funding for frontline healthcare workers. The funding aims to recruit, retain, and develop the careers of these essential professionals. Applications are open now for the Direct Care Workforce Innovation Program and the Career Pathways for Healthcare Workers Program, with proposals due April 4, 2025. Grants will be […]
ANNAPOLIS, MD—Governor Wes Moore has announced preliminary recommendations from the Government Efficiency Commission to modernize Maryland’s occupational permitting and licensing processes. The recommendations aim to streamline vendor credentialing, improve permitting reliability and predictability, and eliminate employment barriers for all Marylanders. “Modernizing state government is not just a talking point for us — it’s a governing philosophy,” Moore said. “As we […]
BALTIMORE, MD—Bayview Asset Management, LLC, a mortgage company, and three of its affiliates have agreed to a $20 million settlement with 53 state regulators following a 2021 data breach that affected 5.8 million customers nationwide, including 124,000 in Maryland. The settlement, announced by the Maryland Department of Labor’s Office of Financial Regulation, addresses deficient cybersecurity practices and compliance failures by […]
ANNAPOLIS, MD—Maryland Governor Wes Moore has announced a $24 million workforce development program that aims to equip residents with skills for in-demand careers in the transportation and construction sectors. The Road to Careers grant program will provide funding to train new workers in transportation construction trades, with a focus on inclusivity and overcoming barriers faced by women and other job […]
ANNAPOLIS, MD—Governor Wes Moore this week announced a $1.8 million award to BCR Cyber and the Maryland Association of Community Colleges to bolster Maryland’s cybersecurity talent pipeline during a ribbon cutting at Howard Community College. The funding, secured in partnership with U.S. Senators Ben Cardin and Chris Van Hollen, will help make Maryland more competitive by empowering all of Maryland’s […]
BALTIMORE, MD—The Maryland Department of Labor’s Office of Financial Regulation on Wednesday announced the implementation of SecurityScorecard, a cybersecurity monitoring service, to bolster its supervision of Maryland financial institutions. This move underscores the Office’s commitment to consumer protection in the face of evolving cyberthreats. SecurityScorecard will provide continuous, real-time monitoring of cybersecurity risks for state-regulated banks, credit unions, and other […]
BALTIMORE, MD—The Maryland Department of Labor is moving forward with plans to implement paid family and medical leave for Maryland workers. The Board of Public Works approved two contracts this week to begin developing the digital system that will support the program. The Maryland Family and Medical Leave Insurance (FAMLI) program will provide eligible employees with up to 12 weeks […]