Portia Wu Archives - Nottingham MD

New report on workplace fraud in Maryland finds thousands of misclassified workers in state

Posted on February 21, 2025 by Chris Montcalmo

BALTIMORE, MD—A new report from Maryland’s Joint Enforcement Task Force on Workplace Fraud (JETF) reveals a significant problem of worker misclassification in the state, costing thousands of workers crucial workplace protections and millions in tax revenue. In 2024, Task Force agencies identified over 5,500 misclassified workers through their enforcement actions. This misclassification resulted in over $36 million in unreported taxable […]

Cash App, Block Inc. settle with states over BSA/AML violations

Posted on January 29, 2025 by Chris Montcalmo

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 […]

Maryland Department of Labor announces $1 million in funding to support healthcare worker training

Posted on January 22, 2025 by Chris Montcalmo

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 […]

Governor Moore announces recommendations to modernize state permitting, remove barriers to employment

Posted on January 14, 2025 by Chris Montcalmo

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 […]

Maryland reaches multistate $20 million settlement with mortgage servicing company over data breach

Posted on January 13, 2025 by Chris Montcalmo

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 […]

Maryland launches $24 million workforce development program to train for careers in transportation

Posted on November 25, 2024 by Chris Montcalmo

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 […]

Governor Wes Moore BCR Cyber Maryland Association of Community Colleges

Governor Moore announces $1.8 million investment to bolster cybersecurity training at Maryland community colleges

Posted on November 23, 2024 by Chris Montcalmo

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 […]

Maryland bolsters cybersecurity with new monitoring service

Posted on October 30, 2024 by Chris Montcalmo

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 […]

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