Government Relations Updates
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Andy Barr Questions "Junk Fees"

Director Chopra could not offer any formal definition.

Western Kentucky Risk Assistance Fund

Senate Bill 150 passed at the very end of the 2022 General Assembly. This was a fantastic accomplishment we were happy to work on during the last days of the Session with Senator Jason Howell, who represents District 1 covering Calloway, Crittenden, Fulton, Graves, Hickman, Lyon and Trigg counties.

2022 General Assembly Update

We will cover specific bill that impact banks during group meetings.

CFPB Authority on Non-Bank Lenders

HR7351 has been introduced, which would give the CFPB supervisory authority on non-bank lenders for consumer protection lending laws.

Proposed Services Tax on Personal Financial Planning!!!

It has been confirmed that Personal Financial Services has been removed from HB8, at this time!

SAFE ACT Provisions added to HR4521

It appears that a bi-partisan effort is being made to amend the America Competes Act HR4521 to include the SAFE Act.