Maryland Financial Regulation Enforcement Actions List

MD Securities Enforcement

Filed January 1st, 2025

Detected March 17th, 2026

Summary

The State of Maryland's Department of Labor has published a list of financial regulation enforcement actions for 2025. The list includes settlement agreements and consent orders related to collection agencies, consumer lending, and credit services. These actions are available in PDF format.

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What changed

The Maryland Department of Labor has released its list of financial regulation enforcement actions for 2025, detailing various orders and agreements concerning regulated financial activities. Specific cases include a Settlement Agreement and Consent Order for Brock & Scott, PLLC concerning collection agencies, and a Final Order for Bay Motors, Inc. & Behzad Baheri related to consumer lending. The list also includes orders terminating previous consent orders for Forbright Bank and a Settlement Agreement and Consent Order for Zip Co. US, Inc. covering credit services, collection agencies, and debt settlement services.

Compliance officers should review these actions to understand current enforcement trends and potential liabilities within Maryland. While specific compliance deadlines are not provided for these listed actions, entities operating in these regulated areas should ensure their practices align with the outcomes of these enforcement actions to avoid similar regulatory scrutiny. Access to the full PDF documents is provided for detailed review of each case.

What to do next

Review the listed 2025 enforcement actions for Brock & Scott, PLLC, Bay Motors, Inc., Behzad Baheri, Forbright Bank, and Zip Co. US, Inc.
Assess current business practices against the types of violations and resolutions documented in the enforcement actions.
Consult legal counsel for specific guidance on compliance with Maryland financial regulations.

Source document (simplified)

Enforcement Actions 2025 - Financial Regulation

Enforcement actions are available in Portable Document Format (PDF) for calendar years 2011 to the present. If you wish to obtain a copy of an enforcement action for which a PDF is not available or need other assistance, please e-mail [email protected].

For help finding an enforcement action for a specific business or individual, please use the Search bar at the top of the page (this will search all of the pages on the Maryland Dept. of Labor website).

| Date | Type of Order | Regulated Activity | Case Name |
| --- | --- | --- | --- |
| 06/30/2025 | Settlement Agreement and Consent Order | Collection Agency | IN THE MATTER OF: BROCK & SCOTT, PLLC (PDF) |
| 05/27/2025 | Final Order | Consumer Lending | IN THE MATTER OF BAY MOTORS, INC. & BEHZAD BAHERI (PDF) |
| 4/07/2025 | Order Terminating Consent Order | Bank | IN THE MATTER OF FORBRIGHT BANK (PDF) |
| 4/07/2025 | Order Terminating Consent Order | Bank | IN THE MATTER OF FORBRIGHT BANK (PDF) |
| 1/23/2025 | Settlement Agreement and Consent Order | Credit Services, Collection Agency, Debt Settlement Services | IN THE MATTER OF: ZIP CO. US, INC. (PDF) |