Maryland Financial Enforcement Actions 2024

MD Securities Enforcement

Filed December 27th, 2024

Detected March 17th, 2026

Summary

The Maryland Department of Labor has published its 2024 financial enforcement actions, detailing actions against collection agencies, mortgage lenders, and other financial service providers. These actions include final orders and settlement agreements, with the latest listed on December 27, 2024.

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What changed

The Maryland Department of Labor's Division of Financial Regulation has compiled a list of its 2024 enforcement actions against various financial entities. The document details a series of final orders, settlement agreements, and consent orders related to regulated activities such as collection agency operations, mortgage loan originating, debt relief, and consumer lending. Notable cases include actions against Smith, Cohen, and Rosenberg, LLC d/b/a SCR Solutions, Michael Cooper, and Solo Funds, Inc., among others, with dates of orders ranging from March 14, 2024, to December 27, 2024.

Regulated entities operating in Maryland within these financial sectors should review these enforcement actions to understand the types of violations and penalties imposed by the state. While specific compliance deadlines are not detailed for these past actions, the publication serves as a notice of the Division's enforcement priorities and the types of activities that may lead to regulatory scrutiny. Companies should ensure their practices align with Maryland's financial regulations to avoid potential enforcement actions, which can include fines, consent orders, and other sanctions.

What to do next

Review the listed 2024 enforcement actions for relevant regulated activities.
Ensure compliance with Maryland's regulations concerning collection agencies, mortgage lending, and debt settlement.
Consult legal counsel if any past or current practices align with the violations detailed in the enforcement actions.

Source document (simplified)

Enforcement Actions 2024 - 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 |
| --- | --- | --- | --- |
| 12/27/2024 | Final Order | Collection Agency | IN THE MATTER OF STATE COLLECTION AGENCY LICENSING BOARD v. SMITH, COHEN, AND ROSENBURG, LLC D/B/A SCR SOLUTIONS |
| | | | |
| 12/11/2024 | Final Order | Mortgage Loan Originating | IN THE MATTER OF MICHAEL COOPER |
| 8/27/2024 | Settlement Agreement and Consent Order | Debt Relief, Debt Settlement | IN THE MATTER OF DOCUMENT MANAGEMENT RESOURCE, LLC, and FORTUNE 500 CONSULTING GROUP |
| 8/20/2024 | Final Order | Mortgage Lending, Loan Modification | IN THE MATTER OF LEGAL JUSTICE LAW CENTER PC T/A OLYMPIA LAW GROUP and MATIN RAJABOV |
| 8/05/2024 | Final Order | Collection Agency | IN THE MATTER OF STATE COLLECTION AGENCY LICENSING BOARD v. DENEFITS, LLC |
| 8/01/2024 | Settlement Agreement and Consent Order | Credit Service Business, Collection Agency, Consumer Credit Reporting | IN THE MATTER OF SOLO FUNDS, INC. and TRAVIS HOLOWAY |
| 6/11/2024 | Settlement Agreement and Consent Order | Mortgage Lending | IN THE MATTER OF STEPHEN BOYD TRYE (PDF) |
| 05/03/2024 | Stipulation and Consent to the Issuance of a Consent Order | Bank | IN THE MATTER OF FORBRIGHT BANK (PDF) |
| 04/30/2024 | Settlement Agreement | Collection Agency | IN THE MATTER OF THE BANK OF MISSOURI, successor by merger to MID-AMERICA BANK & TRUST COMPANY, ATLANTICUS SERVICES CORPORATION, and FORTIVA FINANCIAL, LLC (PDF) |
| 03/14/2024 | Settlement Agreement and Consent Order | Consumer Lending | IN THE MATTER OF FOUR TECHNOLOGIES, INC. (PDF) |
| 03/11/2024 | Final Order | Mortgage Assistance Relief Services | IN THE MATTER OF SOUTHWEST CONSULTING D/B/A HOME MATTERS (PDF) |