Banking commissioner’s budget zeroed out; left to handle at wrap-up session

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When lawmakers return to the Capitol next week, one of the looming issues will be the fate of the budget for the state banking commissioner.

Before recessing for its annual break, the Legislature passed a spending plan that zeroed out the $13 million budget for the Office of the State Banking Commissioner, which regulates state-chartered banks and trust companies in Kansas.

The money for the bank commissioner's office was deleted as the bank commissioner was engaged in a fight with Beneficient Fiduciary Financial LLC, a new type of financial institution created by the Legislature two years ago.

The . . .


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