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Minutes for HB2352 - Committee on Financial Institutions

Short Title

Financial institutions and remote service units.

Minutes Content for Thu, Feb 19, 2015

The Chair opened the hearing on HB2352.

Staff Matt Sterling briefed the Committee on the bill, saying that the bill would amend the definition of a "remote service unit" to include an interactive telephone or televideo device, allowing a person to interact with bank personnel (Attachment 1).

Doug Wareham testified in support of the bill (Attachment 2).  He said that the bill would modernize the state banking code by recognizing the advent of interactive teller machines (ITMs).  In noting that federally-chartered banks in Kansas are already authorized to use these devices, he referenced a regulation from the Office of the Comptroller of the Currency.  He also noted that state-chartered Kansas banks have expressed interest in installing ITMs.

The Chair closed the hearing on HB2352.