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Committee hears bill to add earned-wage-access firms to Kansas information-security law
Summary
Senate Bill 410 would extend the Kansas Financial Institutions Information Security Act to include earned-wage-access (EWA) registrants and clarify internal citations to the Kansas Money Transmission Act, allowing state IT examiners to review EWA cybersecurity practices, proponents said at the hearing.
The Senate Committee on Financial Institutions and Insurance heard testimony on Senate Bill 410, a measure that would amend KSA 9-5-51 to include earned-wage-access (EWA) registrants among entities subject to the Kansas Financial Institutions Information Security Act. Eileen, the reviser, told the committee the bill updates internal citations and clarifies which financial institutions that engage in money transmission are covered.
Proponent Luis Solorio, assistant general counsel for the…
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