Kansas Office of the State Bank Commissioner
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Latest posts
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Kansas Joins $2.5 Million Settlement with Crypto Kiosk Operator
Topeka, KS – The Kansas Office of the State Bank Commissioner (“OSBC”) and 33 other state financial regulatory agencies have reached a $2.5 million settlement with Coinme Inc. (“Coinme”) (NMLS ID 1185542), a Seattle-based cryptocurrency money transmitter and kiosk operator, for…
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Kansas Bank Commissioner to Retire
Kansas Bank Commissioner, David Herndon has announced his retirement effective October 30, 2026. Mr. Herndon was appointed Commissioner by Governor Laura Kelly in 2019 following a 55-year career in Kansas banking. Commissioner Herndon said “Being Kansas Bank Commissioner has…
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Agency Snapshot – Q2 2026
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Kansas Joins $15.5 Million Settlement with Mortgage Servicer NewRez LLC
Topeka, KS – The Kansas Office of the State Bank Commissioner and 47 other state financial agencies have reached a settlement with mortgage servicer, NewRez LLC, for improperly imposing force-placed insurance costs on borrowers who already had active homeowners’ insurance…
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Women & Money – Kansas OSBC Helping Support Financial Literacy
Topeka, KS – The Kansas Office of the State Bank Commissioner (OSBC) is proud to announce its sponsorship of the upcoming Women & Money Conference hosted by the Kansas Financial Empowerment Foundation and the Kansas State Treasurer. The 3rd Annual Women & Money Conference is…
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Kansas Office of the State Bank Commissioner Closes Small Business Bank, Lenexa, Kansas, Appoints Federal Deposit Insurance Corporation (FDIC) as Receiver
Small Business Bank, Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the FDIC as receiver. Small Business Bank has operated with financial difficulties for the past several years and has been subject to strict supervisory…
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Virtual Currency Kiosk Consumer Protection Act – Effective Date: July 1, 2026
HB2591 established the Virtual Currency Kiosk Consumer Protection Act (VCKCPA) as part of the Kansas Money Transmission Act. The VCKCPA requires several items, including but not limited to: Conference Committee Report Brief (summary of the bill)Virtual Kiosk Consumer Protection…
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2026 Kansas Financial Scholars Scholarship Winners Announced
The Kansas Office of the State Bank Commissioner (OSBC) has awarded five scholarships totaling $22,000 to five recent Kansas high school graduates. The students wrote essays demonstrating their knowledge of money management and the importance it has on their future in this…
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Agency Snapshot – 2026 Q1
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OSBC Receives Conference of State Bank Supervisors Reaccreditation for Bank, Mortgage, & Money Service Business Programs
Topeka, KS — The Kansas Office of the State Bank Commissioner (OSBC) is pleased to announce it has earned reaccreditation status for financial regulatory supervision from the Conference of State Bank Supervisors (CSBS). The reaccreditation certifies that the Agency maintains top…