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Maryland Launches eProcurement Portal With Nitor, Ivalua

PYMNTS

The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. The platform will be available for use by state agencies, local governments, municipalities, and various players within the education and school system.

Maryland 101
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Maryland federal court dismisses putative class action alleged age-related discrimination by landlords based on targeted Facebook advertisements

CFPB Monitor

A Maryland federal district court has dismissed a putative class action lawsuit filed against nine companies that manage apartment buildings in the Washington, D.C. In addition to injunctive relief, the complaint sought monetary damages on behalf of the plaintiff and putative class members. In Opiotennione v.

Maryland 148
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The Maryland Financial Consumer Protection Act of 2018 significantly increases state regulation

CFPB Monitor

Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Requires the Maryland Financial Consumer Protection Commission to conduct various studies and include recommendations in its 2018 report to the Governor.

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Deliveroo Valued At $7 Billion-Plus Ahead Of Potential IPO

PYMNTS

The new funding, according to the announcement, comes from two existing investors: Durable Capital Partners and Fidelity Management & Research. Durable Capital Partners is based in Chevy Chase, Maryland. Fidelity Management & Research is based in Boston. British delivery power-house Deliveroo said Sunday (Jan.

Maryland 181
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DOJ settles ECOA claims against used Maryland car dealership

CFPB Monitor

The Department of Justice recently announced that it had settled a lawsuit filed in 2019 that alleged a Maryland used car dealership discriminated against African Americans in violation of the Equal Credit Opportunity Act by offering different credit terms based on race.

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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

The funding initiative was led by returning investor GIC, a wealth fund established by the Singapore government, and Durable Capital Partners, a Maryland investment company, the release stated. Other returning investors included Lightspeed Venture Partners, Wellington Management Co.,

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.