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Minutes for HB2189 - Committee on Financial Institutions and Rural Development

Short Title

Providing restrictions, lender reporting and other requirements for alternative small installment loans made under the UCCC.

Minutes Content for Mon, Feb 22, 2021

Chair Kelly opened the hearing on HB 2189, recognized David Wiese, Assistant Revisor of Statutes,(remote) who briefed the committee on the bill, (Attachment1)   Question and answer period followed.

Chair Kelly recognized Melissa Renick, Assistant Director for Research, who provided a Kansas Legislative Research Department document to committee members and briefed on Pay Day loan lending and Uniform Consumer Credit Code and Interest Rates (UCCC), (remote), (Attachment2).

Neutral - Chair Kelly announced that the order for today's meeting would be a little different, Mike Enzbrenner, Deputy Bank Commissioner, would present neutral testimony / information from a "regulators" stand point as it applies to the Payday loan industry.  Mr. Enzbrenner provided information on Payday Lending under the Uniform Consumer Credit Code (UCCC), (Attachment3).  Note - Mr. Enzbrenner introduced several OSBC work associates that accompanied him to the committee meeting - Matt Shoger, Jim Payne, and Melissa Wangemann. Question and answer period followed.

Proponents - Chair Kelly recognized the following individuals / organizations who provided testimony in support of HB 2189.  Nick Bourke, Director, Consumer Finance, The PEW Charitable Trusts,(remote), (Attachment4); Chuck Weber, Executive Director, Kansas Catholic Conference, (Attachment5); and Brandon L. Mays, President / Chief Financial Officer, Atlas Credit Company, Inc., Tyler, Texas (remote), (Attachment6).  Question and answer period followed.

Proponents-written only - Chair Kelly announced the following individuals / organizations who submitted proponent-written only testimony in support of HB 2189:  Andrew Morrison, Executive Director, Brundage Management, Sun Loan Company, (Attachment7); Tony Huang, CEO, Possible Finance, Seattle, Washington, (Attachment8); Emily Fetsch, Director of Fiscal Policy, Kansas Action for Children, (Attachment9); Rachel Taylor, District Manager, OneMain Financial, (Attachment10); Elizabeth A. Carson, Attorney, Carson Law, LLC, (Attachment11); Rabbi Moti Rieber, Executive Director, Kansas InterFaith Action, (Attachment12); John Shively, Director, Office of Justice, Peace, and Integrity of Creation, Sisters of Charity of Leavenworth, (Attachment13); and Chris McKinley, Lendmark Financial Services, (Attachment14).

Opponents - Chair Kelly announce the following individuals / organizations who provided testimony opposed to HB 2189: Melissa Soper, Senior Vice President of Public Affairs, CURO Financial Technologies Corporation, "Speedy Cash", (Attachment15);  Brad Smoot, Attorney At Law, on behalf of "LoanMax", (Attachment16); and Whitney B. Damron, P.A., on behalf of "Kansas Community Financial Services Association, Inc." (formerly known as Kansas PayDay Loan Association), (Attachment17). Question and answer period followed.

Opponents-written only - None

Chair Kelly closed the hearing on HB 2189.


The next House Financial Institutions and Rural Development Committee is scheduled for Wednesday, February 24, 2021.

Chair Kelly adjourned the meeting at 10:35 am.