House Status:
Senate Status:
Senate Status:
Minutes for SB218 - Committee on Financial Institutions and Insurance
Short Title
Providing restrictions, lender reporting and other requirements for alternative small installment loans made under the UCCC.
Minutes Content for Wed, Mar 24, 2021
Chairman Longbine opened the informational hearing with a bill overview on SB218 by David Wiese, Assistant Revisor, Office of Revisor of Statutes (ROS). (Attachment 2) The Chair then asked for oral proponent testimony:
Oral Proponents:
(In person) Senator Oletha Faust-Goudeau, Assistant Minority Member, Wichita, KS (Attachment 3)
(In person) Marlee Carpenter, Payday Loan Coalition (Attachment 4)
(In person) Chuck Weber, Executive Director, Kansas Catholic Conference (Attachment 5)
(Virtual) Brandon Mays, President, CFO, Atlas Credit Company (Attachment 6)
(Virtual) Ti’Juana Hardwell, Educator, Business Owner, Community Leader, Wichita, KS (Attachment 7)
(Virtual) Rev. Dr. Annie Ricker, Pastor, Berryton, KS United Methodist Church, member of Topeka jUMP (Attachment 8)
The Chair pointed to the written-only proponent testimony:
Written-Only Proponents:
Andrew Morrison, Executive Vice President, Brundage Management, Sun Loan Company (Attachment 9)
Rabbi Moti Rieber, Executive Director, Kansas Interfaith Action (Attachment 10)
Elizabeth Lewis, Director of Maternal & Infant Health, March of Dimes (Attachment 11)
Rachel Taylor, District Manager, OneMain Financial, Wichita, KS (Attachment 12)
Chris McKinley, Lendmark Financial Services (Attachment 13)
Chairman Longbine asked for oral opponent testimony:
Oral Opponents:
(In person) Brad Smoot, for LoanMax (Attachment 14)
(In person) Whitney Damron, for Kansas Community Financial services Association, Inc. (Attachment 15)
(Virtual) Melissa Soper, Senior Vice President of Public Affairs, CURO /Financial Technologies Corp. (Attachment 16)
Chairman Longbine pointed to the written-only opponent testimony:
Written-Only Opponents :
Mary Jackson, President & CEO Online Lenders Alliance (OLA) (Attachment 17)
Edward D’Alessio, Executive Director, INFiN, a Financial Services Alliance, Washington, D.C. (Attachment 18)
Carrie E. Carbone, Chief Legal Officer, TMX Finance Family of Companies, for TitleMax of Kansas Inc., a member of TMX Finance (Attachment 19)
There being no questions or discussion because the meeting time had elapsed, and no other proponent, opponent or neutral testimony was submitted, Chairman Longbine closed the informational hearing on SB218.
Adjournment was at 10:30 am. The next scheduled meeting is at 9:30 am on Thursday, March 25, 2021 in room 546-South of the Capitol.
