Regulatory Alerts2025-01-01
Kansas Financial Institutions Information Security Act
The Kansas Office of the State Bank Commissioner enacted the Kansas Financial Institutions Information Security Act to establish information security standards for covered entities consistent with the FTC Safeguards Rule. The statute requires credit services organizations, mortgage companies, supervised lenders, and other regulated financial institutions to develop and maintain reasonable safeguards protecting the confidentiality and integrity of customer information. The Commissioner is empowered to enforce these requirements through examinations, investigations, and penalties including fines, license revocation, and cease and desist orders.
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