Missouri Representative Blaine Luetkemeyer recently introduced legislation to the U.S. House of Representatives seeking to require the Federal Reserve and FDIC to provide a material reason to support any order to terminate a banking relationship.  The legislation also purportedly seeks to help certain industries, including those involved in legal debt collection, to have sufficient access to financial services.  This legislation, The Financial Institution Customer Protection Act, would require regulators to put in writing the material reason behind any request or order made to a financial institution to terminate a banking relationship.  The legislation also provides for certain changes to the Financial Institutions Reform, Recovery, and Enforcement Act in attempt to limit broad interpretations of the law.  Though, the legislation is still in preliminary stages, if adopted, it could impact banking relationships with certain customers and third-parties that may have previously been limited.