Bill > HB3107

This bill establishes protections for financial institutions, defining "financial institution" as entities like banks and credit unions that hold consumer accounts, and "regulatory agency" as government bodies overseeing these institutions, including federal agencies like the Consumer Financial Protection Bureau and state agencies like the Missouri division of finance. It clarifies that "written guidance" encompasses various official documents from these agencies, such as rules, interpretations, and responses to inquiries, including specific disclosures related to mortgages, overdrafts, and digital accessibility. The bill's key provision states that a financial institution cannot be held civilly liable under state law for actions taken in good faith compliance with or reliance on this written guidance, even if that guidance is later changed or invalidated, unless the institution's actions involved fraud, intentional misconduct, or gross negligence. This protection does not apply if U.S. federal law preempts it, and it does not prevent government agencies from pursuing enforcement actions.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB3107&year=2026&code=R