Credit Access and Inclusion Act of 2023

Cannabis Banking HR2891 - The Secure and Fair Enforcement (SAFE) Banking Act S1323 - The Secure and Fair Enforcement (SAFE) Banking Act S2860 - The Secure and Fair Enforcement Regulatory (SAFER) Banking Act Bank Regulations Conversations with the House Financial Services Committee and the Senate Banking Committee regarding banking regulations and housing finance reform. Loan Level Pricing Adjustments (LLPAs) HR3564 - Middle Class Borrower Protection Act of 2023 Federal Home Loan Banks S1684 - Federal Home Loan Banks' Mission Implementation Act Trigger Leads HR2656 - Trigger Leads Abatement Act HR4192 - Protecting Consumers from Abusive Mortgage Leads Act S4944 - Access to Homeownership Act HR3418/S1654 - Credit Access and Inclusion Act Commercial Real Estate Conversations with the House and Senate regarding commercial real estate adaptive reuse policy proposals. Communications with the Board of Governors of the Federal Reserve regarding maturing commercial real estate debt. Communications with the National Credit Union Administration (NCUA) regarding maturing commercial real estate debt. Communications with the Federal Deposit Insurance Company (FDIC) regarding maturing commercial real estate debt. Communications with the Office of the Comptroller of the Currency regarding maturing commercial real estate debt. Discussions with the Consumer Financial Protection Bureau (CFPB) regarding assumable mortgages, maturing commercial real estate debt, appraisal independence, appraisal management companies (AMCs), commission financing, credit reports, and reconsideration of value process. Communications with the Federal Housing Finance Agency (FHFA) regarding housing issues, the FHFA pricing change, LLPAs, appraisal issues, condominium rules, commission financing and underwriting, reconsideration of value process, and duty to serve requirements. Communications with and comment letter sent to the Financial Crimes Enforcement Network (FinCEN) regarding anti-money laundering proposals aimed at real estate transactions. Communications with the Federal Housing Administration regarding commission financing and comment letter in response to their draft mortgagee letter updating their 203(k)-renovation loan program . Communications with the Department of Veterans Affairs on commission underwriting, National Association of REALTORS anti-trust commission settlement, buyer financing and broker fees. Communications with Fannie Mae on environmental, social, and governance investing. Comment letter with the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller Currency expressing concerns in response to the Basel III Endgame proposal. Communications with the Department of Housing and Urban Development, Office of the Comptroller of the Currency, Federal Housing Finance Administration, National Credit Union Administration, Federal Deposit Insurance Corporation, Federal Reserve Board, Consumer Financial Protection Bureau advocating for solutions to increase diversity, reduce bias, and maintain the public trust in the appraisal industry. Communications with the Federal Housing Administration and Federal Housing Finance Agency regarding the ability of homebuyers to have access to mortgage credit after the National Association of REALTORS anti-trust lawsuit settlement is in effect. Communications with the Federal Housing Administration and Department of Housing and Urban Development on appraisal issues and reconsideration of value process. Communications with the Senate regarding the Access to Homeownership Act (S4944) to require multifamily borrowers with federally backed multifamily mortgage loans to submit positive rental payments to certain consumer reporting agencies and seller finance commissions. Communications with the House of Representatives on foreign ownership and seller finance commissions. Communications with Department of Treasury on foreign ownership.

Client expense: $22,840,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)

H.R. 3418, S. 1654 - Credit Access and Inclusion Act: Provisions pertaining to consumer credit, alternative data and financial inclusion. S. 3502 - Homebuyers Privacy Protection Act: Provisions pertaining to trigger leads for residential mortgages. H.R. 4198 - Protecting Consumers from Abusive Mortgage Leads Act; S. 1327 - Consumer Credit Control Act of 2023: Provisions pertaining to use of mortgage triggers. H.R. 2656 - Trigger Leads Abatement Act of 2023: Provisions pertaining to trigger leads for credit reporting agencies. S. 4455 - Fair Credit for American Hostages Act: Provisions pertaining to freezing credit reports of American hostages. S. 4916 - Credit Freeze for Newborns Act: Provisions pertaining to freezing consumer credit reports. S. 1316, H.R. 1521 - Servicemembers Credit Monitoring Enhancement Act: Provisions pertaining to credit monitoring for servicemembers. Issues pertaining to CFPB Data Broker rulemaking, credit header data, and medical debt. Issues related to rent reporting on a consumer's credit report. Issues related to consumers in federal disaster zones freezing their credit. Issues related to the Fair Credit Reporting Act and Data Broker Practices. Issues related to credit builder products.

Client expense: $550,000 · Firm income: Not reported

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act.

Client expense: $210,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 8070, H.R. 3418, H.R. 4198, H.R. 5009, H.R. 6003, H.R. 7297, H.R. 9991, S. 1316, S. 1654, S. 4368, S. 3103, and S. 3502.

Client expense: $360,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act.

Client expense: $210,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3418, S. 1654 - Credit Access and Inclusion Act: Provisions pertaining to consumer credit, alternative data and financial inclusion. S. 3502 - Homebuyers Privacy Protection Act: Provisions pertaining to trigger leads for residential mortgages. H.R. 4198 - Protecting Consumers from Abusive Mortgage Leads Act; S. 1327 - Consumer Credit Control Act of 2023: Provisions pertaining to use of mortgage triggers. H.R. 2656 - Trigger Leads Abatement Act of 2023: Provisions pertaining to trigger leads for credit reporting agencies. S. 4455 - Fair Credit for American Hostages Act: Provisions pertaining to freezing credit reports of American hostages. Issues pertaining to CFPB FCRA rulemaking, credit header data, medical debt, and potential Financial Inclusion Commission. Issues pertaining to rent reporting on a consumer's credit report.

Client expense: $510,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 680; the Decent, Affordable, Safe Housing for All Act; proposes to increase affordable rental availability, low-income housing tax credits, first time homebuyer tax credit, and a tax credit to help affordable housing for homeownership. S. 657 / H.R. 3940; Neighborhood Homes Investment Act; the proposed bill would create a tax credit for the acquisition, rehabilitation, or remediation of properties housing. H.R. 3418 & S. 1654; the Credit Access and Inclusion Act; The proposed bill would allow for the reporting of a renters utility payments to credit reporting agencies. H.R. 4233; The Housing Crisis Response Act of 2023: The proposed bill would provide funding to create more housing units. H.R. 4231; The Downpayment Toward Equity Act of 2023: The proposed bill would create a downpayment assistance program for first-time, first-generation homebuyers. C.A.R. discussed with members of Congress and the VA difficulties home sellers and home buyers were experiencing with the mortgage assumability process for FHA and VA loans. C.A.R. discussed with members of Congress the future of Fannie Mae and Freddie Mac, and how they should be brought out of conservatorship. C.A.R. discussed the impact of Home Equity Conversion Mortgages on the FHA Forward Mortgage product because of its inclusion in the Mutual Mortgage Insurance Fund. C.A.R. advocated for the reduction of the FHA mortgage insurance premium. C.A.R. discussed the issue of Affirmatively Furthering Fair Housing. C.A.R. discussed the Administration's "Blueprint for a Renters Bill of Rights." C.A.R. discussed with Member of Congress and Regulators the proposed Loan Level Price Adjustments by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac. C.A.R. discussed proposals to allow for remote online notary, including H.R. 1059 and S. 1212, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act. C.A.R. discussed proposals to improve the HUD's Section 8, housing voucher program to make it easier for housing providers to participate. C.A.R. advocated for increasing funding for HUD to provide grants for the enforcement of fair housing laws. C.A.R. discussed the increased use of Attorney Opinion Letters as an alternative to title insurance. C.A.R. discussed current FHA appraisal and property inspection rules and their impact on FHA loan acceptance rates. C.A.R. discussed current FHA condo rules. C.A.R. advocated for reducing or eliminating the FHA life of loan insurance premium. C.A.R. submitted a comment letter on the Proposed Rule -Notification Requirement for Lease Termination. C.A.R. discussed with members of Congress the ability of Veteran homebuyers using the VA home loan program to pay for the services of a buyer broker or buyer agent fee. C.A.R. submitted a comment letter on the HUD Request for Information FR-6466-N-01, on Direct Rental Assistance Payments.

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 2656, H.R. 3418, H.R. 4198, H.R. 5123, H.R. 6003, H.R. 7297, S.1316, S.1654, S. 3103, and S. 3502.

Client expense: $360,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

H.R.3418, S. 1654 - Credit Access and Inclusion Act: Provisions pertaining to consumer credit, alternative data and financial inclusion. S. 3502 - Homebuyers Privacy Protection Act: Provisions pertaining to trigger leads for residential mortgages. H.R. 4198 - Protecting Consumers from Abusive Mortgage Leads Act; S. 1327 - Consumer Credit Control Act of 2023: Provisions pertaining to use of mortgage triggers. H.R. 2656 - Trigger Leads Abatement Act of 2023: Provisions pertaining to trigger leads for credit reporting agencies. Issues pertaining credit header data, CFPB FCRA rulemaking, potential Financial Inclusion Commission, and Buy Now Pay Later financing reporting.

Client expense: $500,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act; H.R. 7857, Accurate Credit Reporting for Homebuyers Act

Client expense: $280,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 680; the Decent, Affordable, Safe Housing for All Act; proposes to increase affordable rental availability, low-income housing tax credits, first time homebuyer tax credit, and a tax credit to help affordable housing for homeownership. S. 657 / H.R. 3940; Neighborhood Homes Investment Act; the proposed bill would create a tax credit for the acquisition, rehabilitation, or remediation of properties housing. H.R. 3418 & S. 1654; the Credit Access and Inclusion Act; The proposed bill would allow for the reporting of a renters utility payments to credit reporting agencies. H.R. 4233; The Housing Crisis Response Act of 2023: The proposed bill would provide funding to create more housing units. H.R. 4231; The Downpayment Toward Equity Act of 2023: The proposed bill would create a downpayment assistance program for first-time, first-generation homebuyers. C.A.R. discussed with members of Congress and the VA difficulties home sellers and home buyers were experiencing with the mortgage assumability process for FHA and VA loans. C.A.R. discussed with members of Congress the future of Fannie Mae and Freddie Mac, and how they should be brought out of conservatorship. C.A.R. discussed the impact of Home Equity Conversion Mortgages on the FHA Forward Mortgage product because of its inclusion in the Mutual Mortgage Insurance Fund. C.A.R. advocated for the reduction of the FHA mortgage insurance premium. C.A.R. discussed the issue of Affirmatively Furthering Fair Housing. C.A.R. discussed the Administration's "Blueprint for a Renters Bill of Rights." C.A.R. discussed with Member of Congress and Regulators the proposed Loan Level Price Adjustments by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac. C.A.R. discussed proposals to allow for remote online notary, including H.R. 1059 and S. 1212, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act. C.A.R. discussed proposals to improve the HUD's Section 8, housing voucher program to make it easier for housing providers to participate. C.A.R. advocated for increasing funding for HUD to provide grants for the enforcement of fair housing laws. C.A.R. discussed the increased use of Attorney Opinion Letters as an alternative to title insurance. C.A.R. discussed current FHA appraisal and property inspection rules and their impact on FHA loan acceptance rates. C.A.R. discussed current FHA condo rules. C.A.R. advocated for reducing or eliminating the FHA life of loan insurance premium. C.A.R. submitted a comment letter on the Proposed Rule -Notification Requirement for Lease Termination. C.A.R. discussed with members of Congress the ability of Veteran homebuyers using the VA home loan program to pay for the services of a buyer broker or buyer agent fee.

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 2656, H.R. 3418, H.R. 4198, H.R. 5123, H.R. 6003, H.R. 7297, S.1316, S.1654, S. 3103, and S. 3502.

Client expense: $360,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

H.R.3418 / S. 1654, Credit Access and Inclusion Act , issues pertaining to consumer credit, alternative data and financial inclusion. Issues pertaining to Buy Now Pay Later financing options, medical debt, models that predict the likelihood of default, credit header data, CFPB FCRA rulemaking, potential Financial Inclusion Commission.

Client expense: $640,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act

Client expense: $200,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 680; the Decent, Affordable, Safe Housing for All Act; proposes to increase affordable rental availability, low-income housing tax credits, first time homebuyer tax credit, and a tax credit to help affordable housing for homeownership. S. 657; Neighborhood Homes Investment Act; the proposed bill would create a tax credit for the acquisition, rehabilitation, or remediation of properties housing. H.R. 3418 & S. 1654; the Credit Access and Inclusion Act; The proposed bill would allow for the reporting of a renters utility payments to credit reporting agencies. H.R. 4233; The Housing Crisis Response Act of 2023: The proposed bill would provide funding to create more housing units. H.R. 4231; The Downpayment Toward Equity Act of 2023: The proposed bill would create a downpayment assistance program for first-time, first-generation homebuyers. C.A.R. discussed with members of Congress and the VA difficulties home sellers and home buyers were experiencing with the mortgage assumability process for FHA and VA loans. C.A.R. discussed with members of Congress the future of Fannie Mae and Freddie Mac, and how they should be brought out of conservatorship. C.A.R. discussed the impact of Home Equity Conversion Mortgages on the FHA Forward Mortgage product because of its inclusion in the Mutual Mortgage Insurance Fund. C.A.R. advocated for the reduction of the FHA mortgage insurance premium. C.A.R. discussed the issue of Affirmatively Furthering Fair Housing. C.A.R. discussed the Administration's "Blueprint for a Renters Bill of Rights." C.A.R. discussed with Member of Congress and Regulators the proposed Loan Level Price Adjustments by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac. C.A.R. discussed proposals to allow for remote online notary, including H.R. 1059 and S. 1212, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act. C.A.R. discussed proposals to improve the HUD's Section 8, housing voucher program to make it easier for housing providers to participate. C.A.R. advocated for increasing funding for HUD to provide grants for the enforcement of fair housing laws. C.A.R. discussed the increased use of Attorney Opinion Letters as an alternative to title insurance. C.A.R. discussed current FHA appraisal and property inspection rules and their impact on FHA loan acceptance rates. C.A.R. discussed current FHA condo rules. C.A.R. advocated for reducing or eliminating the FHA life of loan insurance premium. C.A.R. submitted a comment letter on the Proposed Rule -Notification Requirement for Lease Termination.

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 2656, H.R. 2760, H.R. 3418, H.R. 4198, H.R. 4311, H.R. 5123, H.R. 6003, S.1316, S.1654, S. 2121, S. 2226, S. 3103, and S. 3502.

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act

Client expense: $180,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues pertaining to resuming federal student loan obligations. H.R.3418 / S. 1654, Credit Access and Inclusion Act , issues pertaining to consumer credit, alternative data and financial inclusion. S. 3502, Homebuyers Privacy Protection Act, provisions relating to trigger leads for residential mortgages. H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act, bans the use of mortgage triggers. H.R. 2656, Trigger Leads Abatement Act of 2023, trigger leads for credit reporting agencies. Issues pertaining to a potential Financial Inclusion Commission. Issues pertaining to CFPB FCRA rulemaking, Issues pertaining to name change process for non-binary and transgender consumers. Issues pertaining to financial inclusion.

Client expense: $410,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of

S. 680; the Decent, Affordable, Safe Housing for All Act; proposes to increase affordable rental availability, low-income housing tax credits, first time homebuyer tax credit, and a tax credit to help affordable housing for homeownership. S. 657; Neighborhood Homes Investment Act; the proposed bill would create a tax credit for the acquisition, rehabilitation, or remediation of properties housing. H.R. 3418 & S. 1654; the Credit Access and Inclusion Act; The proposed bill would allow for the reporting of a renters utility payments to credit reporting agencies. H.R. 4233; The Housing Crisis Response Act of 2023: The proposed bill would provide funding to create more housing units. H.R. 4231; The Downpayment Toward Equity Act of 2023: The proposed bill would create a downpayment assistance program for first-time, first-generation homebuyers. C.A.R. submitted comments to the Federal Housing Finance Agency in response to the Request for Information on Tenant Protections for Enterprise-Backed Multifamily Properties. C.A.R. submitted comments to the Federal Trade Commission to their joint Request for Information on Tenant Screening, P235400. C.A.R. discussed with members of Congress and the VA difficulties home sellers and home buyers were experiencing with the mortgage assumability process for FHA and VA loans. C.A.R. discussed with members of Congress the future of Fannie Mae and Freddie Mac, and how they should be brought out of conservatorship. C.A.R. discussed the impact of Home Equity Conversion Mortgages on the FHA Forward Mortgage product because of its inclusion in the Mutual Mortgage Insurance Fund. C.A.R. advocated for the reduction of the FHA mortgage insurance premium. C.A.R. discussed the issue of Affirmatively Furthering Fair Housing. C.A.R. discussed the Administration's "Blueprint for a Renters Bill of Rights." C.A.R. discussed with Member of Congress and Regulators the proposed Loan Level Price Adjustments by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac. C.A.R. discussed with Congress the CFPB's proposed rule on Property Assessed Clean Energy (PACE) loans. C.A.R. discussed proposals to allow for remote online notary, including H.R. 1059 and S. 1212, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act. C.A.R. discussed proposals to improve the HUD's Section 8, housing voucher program to make it easier for housing providers to participate. C.A.R. advocated for increasing funding for HUD to provide grants for the enforcement of fair housing laws.

H.R.3418 / S. 1654, Credit Access and Inclusion Act , issues pertaining to consumer credit, alternative data and financial inclusion. H.R.2928, Responsible Borrower Protection Act of 2023, Issues pertaining to credit markets. Issues pertaining to a potential Financial Inclusion Commission H.R. 1521 / S. 1316, Servicemembers' Credit Monitoring Enhancement Act, regarding all provisions. Potential FCRA reform legislation.

Client expense: $640,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 2656, H.R. 2760, H.R. 3418, H.R. 4198, H.R. 4311, S.1316, S.1654, S. 2121 and S. 2226.

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act

Client expense: $170,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to credit scoring; Use of alternative data to expand credit access; Implementation of PL 115-174, Economic Growth, Regulatory Relief and Consumer Protection Act (credit scores); Implementation of PL 116-136, Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 3418 and S. 1654, Credit Access and Inclusion Act

Client expense: $180,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.3418 / S. 1654, Credit Access and Inclusion Act , issues pertaining to consumer credit, alternative data and financial inclusion Issues relating to the treatment of medical debt in credit reporting Issues pertaining to buy-now-pay-later HR 7526/ S 1316, Servicemembers' Credit Monitoring Enhancement Act, issues pertaining to credit monitoring Issues relating to debt collection practices Issues pertaining to a potential Financial Inclusion Commission

Client expense: $480,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislative and regulatory issues pertaining to credit reporting and scoring; including H.R. 1165, H.R. 1521, H.R. 2656, H.R. 2760, H.R. 3418, H.R. 4198 S.1316, and S.1654.

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE