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HB2591: Authorizing financial institutions to report suspected financial exploitation of an adult account holder to a designated agency, notify any adult designated as a trusted contact by such account holder of suspected financial exploitation and place a temporary hold on certain transactions or disbursements. Enacting the virtual currency kiosk consumer protection act, providing definitions, and establishing requirements for virtual currency kiosk operators. Prohibiting the office of the state bank commissioner or any other state agency from becoming a receiver for a technology-enabled fiduciary financial institution that becomes insolvent or declares bankruptcy. Providing that earned wage access service registrants are subject to the Kansas financial institutions information security act, and eliminating certain stipulations relating to the payment of negotiable instruments on Saturday afternoons or holidays.

Passed BothHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed

Plain-Language Summary

This bill allows financial institutions to report suspected financial exploitation of an adult account holder to a designated agency and notify trusted contacts. It also gives them the power to temporarily hold certain transactions or disbursements.

Who This Affects

Kansans who are vulnerable to financial exploitation, such as seniors or people with disabilities, will be protected by this bill. Financial institutions will have new tools to help prevent and detect exploitation.

Key Provisions

• Allows financial institutions to report suspected financial exploitation to a designated agency

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Timeline

Introduced

Wednesday, January 28, 2026

Last Action

House Approved by Governor on Thursday, April 9, 2026

Apr 8, 2026

Sponsors

No sponsors listed.

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