Regulatory Alerts2026-03-26
Added · Updated
Conference Committee Report Brief on House Bill No. 2591
The Kansas Legislature passed House Bill No. 2591 to establish a trusted contact program and reporting mechanisms for suspected financial exploitation of adults, including provisions for temporary transaction holds and legal immunity for financial institutions. The legislation creates the Virtual Currency Kiosk Consumer Protection Act, imposing strict disclosure, fraud prevention, user identification, and fee cap requirements on cryptocurrency ATM operators. Additionally, the bill prohibits state receivership of insolvent technology-enabled fiduciary financial institutions and extends information security act requirements to earned wage access service registrants.