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Kansas bankers warn consolidation is shrinking charters; urge tailored federal rules and protections for community banks
Summary
Kansas Bankers Association and Community Bankers Association told the committee state charters are declining and urged regulatory tailoring, indexing of thresholds, and caution on proposed federal measures (stablecoin opt-in and a 10% federal credit-card cap) that could prompt deposit flight to nonbank platforms.
Kelly Van Zwol, senior vice president for government relations at the Kansas Bankers Association (KBA), and Doug Wareham, KBA president and CEO, told the Committee on Financial Institutions and Pensions that consolidation and federal regulatory burdens threaten the community bank model in Kansas.
Van Zwol said Kansas went from 203 to 188 headquarters from 2024 to 2025 and pointed to regulatory compliance costs and competition from nonbank platforms, including payment apps and cryptocurrency, as drivers of deposit flight. “When you're putting money into [nonbank apps], it's not protected in the same way a bank account is protected,” Van Zwol said…
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