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Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule

CFPB Monitor

On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).

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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. The FDIC’s Division of Liquidation then brokered a deal for Dream First Bank, a National Association of Syracuse, Kansas, to take over the branches of Heartland Tri-State Bank.

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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S.

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Disrupting The Security Deposit With Insurance

PYMNTS

The average security deposit in the U.S. And of course averages can be misleading — in Manhattan that rent average is over $4,000 a month, while in Wichita, Kansas (the least expensive market in the survey) rents are still well below $1,000 at $639 a month.

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Today In Data: Writing New Rules For New Risks

PYMNTS

We are very much not in Kansas anymore when it comes to moving funds, and the old rules don’t work nearly so well in digital Oz. The new challenge is building a system robust enough to be secure, yet invisible enough so that protection is experienced without being felt.

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Equity Bancshares bulking up in Missouri with $44 million deal

American Banker

Equity, based in Wichita, Kansas, has agreed to buy the parent company of the Bank of Kirksville. The combined company would have $5.4 billion of assets and 74 branches, including 23 in Missouri.

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New Wire Fraud Scam Reroutes Direct Deposit Paychecks

PYMNTS

KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. Adrien Gendre, chief solutions architect with email security company Vade Secure, said the scam has only appeared in the last month. Once the changes are made, a paycheck will go directly into a criminal’s account.

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