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Committee hears departmental bill to expand Maryland Community Investment Venture Fund to households
Economic Matters Committee · February 3, 2026
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Summary
HB 259 would broaden the Access to Banking Act to let Maryland's MCIV Fund support consumer banking products and create incentives for banks to open Maryland Opportunity Accounts, aiming to extend financial services and affordable accounts to low‑ and moderate‑income communities.
Commissioner Tony Salazar and deputy staff presented House Bill 259, departmental legislation to refine the Access to Banking Act. The bill would expand the Maryland Community Investment Venture (MCIV) Fund's purpose to support consumer banking products in addition to small…
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