meta_id 3352156

On July 24, 2026, the Maryland Office of Financial Regulation (OFR) adopted amendments to Regulation .01 and new Regulation .06 under the Credit and Other Regulations section of the Code of Maryland Administrative Regulations (COMAR .09.03.10). The final rule took effect on July 20, 2026, and was published in the Maryland Register, Volume 53, Issue 14, Page 638 on July 10, 2026. The regulatory changes implement reporting requirements for earned wage access providers, following the Maryland Legislature's adoption of Chapter 847 (House Bill 1294), Acts of 2025. The new regulations establish the OFR's process for earned wage access provider reporting by defining previously undefined terms used by earned wage access providers and specifying the information earned wage access providers must submit to the OFR. These definitions and submission requirements create a standardised framework for compliance across the state's earned wage access sector. The OFR published an advisory with detailed specifications regarding the reporting process on May 5, 2026, providing earned wage access providers with guidance on implementation. Earned wage access providers operating in Maryland must now comply with the new reporting requirements under the amended and newly adopted regulations. For additional information or clarification regarding the advisory and reporting obligations, interested parties may contact Assistant Commissioner Clifford Charland at 410-230-6167 or [email protected].