What legislation governs the regulation of the financial services industry?

In Kansas, financial services are governed by a variety of laws and regulations. The Kansas Department of Financial Institutions (KDIF) is a state agency that regulates and supervises state-chartered financial institutions, including banks, credit unions, trust companies, and other financial institutions. This agency enforces state regulations and participates in federal examinations and supervision of financial institutions. The Kansas Uniform Consumer Credit Code (KUCCC) is the state’s consumer credit law. It sets standards for consumer lending practices and governs transactions involving consumer credit. The Kansas Consumer Protection Act (KCPA) is a consumer protection law that provides consumers with certain rights and remedies against businesses that violate the state’s consumer protection laws. The Kansas Uniform Securities Act (KUSA) is the state’s securities law. It regulates the offer, sale, and purchase of securities in the state. Lastly, the Kansas Money Transmitters Act (KMTA) is the state’s money transmitter law. The KMTA requires all money transmitters to register with the KDIF and sets out certain licensing and regulatory requirements for the money transmitters operating in the state. In summary, the financial services industry in Kansas is strongly regulated by various state and federal laws that are designed to protect consumers from fraudulent or deceptive practices.

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What legislation governs the regulation of the financial services industry?

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