The Maryland Department of Labor's Division of Financial Regulation has compiled its enforcement actions for 2023, detailing various regulatory violations and resolutions. The published actions include Summary Orders to Cease and Desist against Alhasane Aguibo Soumah for mortgage lending violations, and against Solo Fund, Inc. and Travis Holloway for issues related to credit service businesses, collection agencies, and consumer credit reporting. Additionally, Settlement Agreements and Consent Orders were issued to ACI Worldwide Corp. and ACI Payments, Inc. for money transmission activities, and to Bangladesh Christian Cooperative Society, LLC for consumer lending and credit union activities.

These enforcement actions highlight the state's active oversight of financial services within Maryland. Regulated entities involved in mortgage lending, credit services, debt collection, consumer reporting, money transmission, and consumer lending should review these actions to understand common violations and the types of disciplinary measures imposed. While specific penalties are not detailed in this summary, the nature of the orders (Cease and Desist, Consent Orders) indicates potential for fines, restitution, and operational restrictions. Compliance officers should ensure their practices align with Maryland's financial regulations to avoid similar enforcement actions.