Best Financial Services Regulation Lawyers in Kansas

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Fleeson, Gooing, Coulson & Kitch, LLC
Wichita, United States

Founded in 1886
24 people in their team
English
ABOUT OUR FIRMFleeson Gooing is a full-service law firm in Wichita, the largest city in Kansas. Our firm has received the Martindale-Hubbell Law Directory’s “AV” rating, and is listed in Tier 1 in fifteen different practice areas in the U.S. News and World Report rankings of the best law...
Hite Fanning & Honeyman LLP
Wichita, United States

Founded in 2000
34 people in their team
English
Spanish
Litigation and Business Law Hite, Fanning & Honeyman is a leading litigation and business law firm renowned for delivering exceptional client service and legal expertise. Our team of experienced professionals provide comprehensive legal solutions across a broad spectrum of practice areas....
Gibson Watson Marino LLC
Wichita, United States

Founded in 1947
8 people in their team
English
A Legal Team Dedicated To The Wichita AreaGibson Watson Marino LLC was founded on the principles of dedication to our clients and the persistent pursuit of excellence in service. For decades our attorneys have helped families and businesses in our community find solutions to their legal problems....
Adams Jones Law Firm, P.A.
Wichita, United States

Founded in 1939
9 people in their team
English
Firm ProfileAdams Jones Law Firm, P.A. has provided quality legal services to individual and business clients for more than 80 years. Founded in 1939 by Mark H. Adams and Charles E. Jones, Adams Jones has built a highly-regarded reputation among its clients, peers and the courts for...
Logan Logan & Watson, L.C.
Prairie Village, United States

Founded in 1978
8 people in their team
English
At Logan Logan & Watson, L.C., we pride ourselves on being a full-service law firm that provides a variety of legal services, while devoting significant time to civic leadership in the Kansas City area. The philosophy of the firm has been the same since its inception more than 30...
Stinson LLP
Wichita, United States

Founded in 2002
985 people in their team
English
Complex legal challenges are best approached with sharp insight and creative solutions. At Stinson, our attorneys combine industry knowledge and business acumen to deliver practical legal guidance to clients ranging from individuals to privately-held enterprises to international corporations. We...
Gordon Rees Scully Mansukhani, LLP.
Overland Park, United States

Founded in 1974
1,688 people in their team
English
As the only law firm with offices and attorneys in all 50 states, we deliver maximum value to our clients by combining the resources of a full-service national firm with the local knowledge of a regional firm. Featuring more than 1,000 lawyers nationwide, we provide comprehensive litigation and...
MVP Law
Kansas City, United States

Founded in 1901
164 people in their team
English
Founded in 1901, MVP Law is never concerned with how others do it; we forge our own path to always meet our client’s needs. Experts in public and private sector workers’ compensation, general liability, and employment and education law, our attorneys are attentive, knowledgeable and ready to...
Berkowitz Oliver
Prairie Village, United States

Founded in 1997
57 people in their team
English
Founded in 1997, Berkowitz Oliver has grown to include approximately 30 experienced litigators, many of whom practiced at large law firms and have judicial clerkship experience. Our client list includes large Fortune 500 companies, as well as smaller, local entities and individuals. We...
Frieden & Forbes, LLP
Topeka, United States

Founded in 1982
6 people in their team
English
Frieden & Forbes has positioned itself as one of the top boutique law firms in the state of Kansas with an elite collection of outstanding lawyers. Firm members work and think as a team. Formed 40 years ago the objective was and continues to be to remain small. The firm provides innovative...
AS SEEN ON

About Financial Services Regulation Law in Kansas, United States

Financial services regulation in Kansas refers to the body of federal and state laws, rules, and oversight mechanisms that govern the offering of financial products and services in the state. This field covers a wide range of activities including banking, lending, mortgages, money transmission, securities, insurance, and investment advisement. Laws are designed to promote transparency, safeguard consumers, prevent financial crimes, and ensure the overall stability of financial institutions. Kansas state agencies, alongside federal regulators, set specific standards for licensing, consumer protection, and compliance that apply to businesses and individuals conducting financial activities within the state.

Why You May Need a Lawyer

The financial services landscape is heavily regulated and constantly evolving. Individuals and businesses may need a lawyer for a variety of reasons, including:

  • Starting a new financial services business and needing guidance on registration or licensing requirements
  • Defending against allegations of non-compliance with state or federal financial regulations
  • Dealing with consumer complaints, investigations, or enforcement actions by state authorities
  • Interpreting complex laws about lending rates, disclosures, or advertising
  • Understanding recent changes in laws that could affect financial products
  • Ensuring data privacy and cyber security compliance for financial transactions
  • Structuring mergers, acquisitions, or other business arrangements involving regulated entities
  • Handling regulatory audits or reporting obligations
  • Resolving licensing disputes or disciplinary proceedings
  • Assisting with cross-border or interstate financial service offerings

Legal expertise can be crucial to avoid severe penalties, loss of licensure, or reputational harm.

Local Laws Overview

In Kansas, financial services are primarily regulated by state statutes, administrative rules, and oversight from agencies such as the Kansas Office of the State Bank Commissioner (OSBC), the Kansas Insurance Department, and the Kansas Securities Commissioner. Key areas of regulation include:

  • Banking: State-chartered banks and trust companies must comply with Kansas statutes concerning capitalization, investments, loans, and solvency. Federal laws also apply.
  • Mortgage Lending and Loan Origination: Mortgage brokers, lenders, and servicers must be state-licensed and comply with borrower disclosure and fair lending requirements.
  • Money Transmission: Businesses transmitting money or currency electronically must be licensed per the Kansas Money Transmitter Act and maintain required financial safeguards.
  • Securities: The Kansas Uniform Securities Act regulates the offer and sale of securities, broker-dealer registration, and anti-fraud provisions.
  • Debt Collection: Debt collectors and debt management companies are subject to state licensure and consumer protection rules.
  • Consumer Protection: Kansas has specific laws prohibiting deceptive and unfair acts in the provision of financial products.
  • Insurance: Insurance agents and companies must be licensed and adhere to product, disclosure, and marketing standards.

Alongside state regulations, many federal laws such as the Truth in Lending Act, Bank Secrecy Act, and Dodd-Frank Act also apply to financial services activities in Kansas.

Frequently Asked Questions

What agencies regulate financial services in Kansas?

Primary regulators include the Kansas Office of the State Bank Commissioner, the Kansas Securities Commissioner, and the Kansas Insurance Department. Federal agencies such as the Consumer Financial Protection Bureau and the Securities and Exchange Commission also have oversight roles depending on the nature of the financial service.

Do I need a state license to provide lending or mortgage services in Kansas?

Yes, most providers of lending, mortgage origination, or brokerage services must obtain a state license and comply with ongoing reporting, examination, and consumer protection requirements.

How are consumers protected under Kansas financial services laws?

Kansas enforces strict consumer protection laws that require clear disclosures, prohibit deceptive or unfair practices, and offer procedures for complaints and dispute resolution.

What are the penalties for violating financial regulations in Kansas?

Penalties can include civil fines, restitution orders, license suspension or revocation, and even criminal prosecution for severe violations.

Can a business operate online financial services in Kansas?

Yes, but businesses offering online lending, money transmission, or similar services to Kansas residents must still comply with state licensure and regulatory requirements.

Are there usury or interest rate caps in Kansas?

Yes, Kansas law sets limits on interest rates and fees for certain types of loans and credit products, with exceptions for licensed financial institutions.

How can I file a complaint about a financial services provider?

Consumers can file complaints with the Kansas Office of the State Bank Commissioner, the Kansas Insurance Department, or the Kansas Securities Commissioner depending on the type of product or service involved.

What records must financial service companies keep?

Kansas law requires various records including client files, transaction histories, disclosures, and compliance documents to be maintained for specific periods, subject to audit by regulators.

What are the key federal laws that affect financial businesses in Kansas?

Significant federal regulations such as the Dodd-Frank Act, Truth in Lending Act, Bank Secrecy Act, and Gramm-Leach-Bliley Act apply to many financial transactions and entities in Kansas.

When should I consult an attorney about financial regulation issues?

It is wise to consult an attorney when launching a new financial business, responding to an investigation, facing compliance questions, negotiating complex transactions, or if you are unsure about requirements for your specific service.

Additional Resources

  • Kansas Office of the State Bank Commissioner - Oversees state-chartered banks, mortgage companies, and money transmitters
  • Kansas Insurance Department - Regulates insurance companies and agents in the state
  • Kansas Securities Commissioner - Supervises securities offerings and investment advisers
  • Consumer Financial Protection Bureau (CFPB) - Offers consumer education and handles complaints on federal financial law
  • Federal Trade Commission (FTC) - Provides information on consumer protection in financial matters
  • Legal Aid of Kansas - May offer free or low-cost advice for individuals with financial services issues

Next Steps

If you need legal assistance regarding financial services regulation in Kansas, start by clearly defining your specific questions or issues. Collect any documents or correspondence related to your matter. Research local attorneys or law firms that specialize in banking, consumer finance, or regulatory law. Many offer initial consultations to help assess your needs. If your situation involves a government investigation or urgent compliance concern, seek immediate legal counsel. You can also reach out to relevant state agencies for guidance or referrals. Always act promptly, as regulatory matters often involve strict deadlines and ongoing compliance obligations.

Lawzana helps you find the best lawyers and law firms in Kansas through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Kansas, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.