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Expanding Access to Lending Options Act
Legislative Progress
Introduced
January 10, 2024
Latest Action
January 11, 2024
Primary Sponsor
Scott FitzgeraldRepublican(WI)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
53pct
1d open
vs 10,564 other HR bills in the 118th — cohort avg 68d
Expanding Access to Lending Options Act This bill allows the National Credit Union Administration Board to increase the federal credit union loan maturity cap from 15 to 20 years. It also removes as a requirement for a mortgage from a credit union that a property must be a credit union member's principal residence.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2024 · fourth_quarter · Banking
Protect the credit union tax exemption Support legislation and regulation that advance credit unions and their over 140 million members Support regulatory relief for credit unions Support credit union field of membership expansion and modernization Support regulator- and bank-approved credit union-bank mergers Support financial inclusion and increased access to financial services Support assistance for minority depository institution credit unions Oppose Community Reinvestment Act requirements for credit unions Support Federal Credit Union Act modernization Support expanded credit union investment authority Support expanded credit union examination cycle Support increased examination transparency Support Central Liquidity Facility enhancements Oppose NCUA examination of credit union vendors Support parity for credit union provision of digital asset services Prevent competitive disadvantages for credit unions and market distortions related to the integration of digital assets into traditional financial products Support parity for credit unions related to stablecoin regulation Support modification of credit union loan maturity limits Oppose National Credit Union Share Insurance Fund structural changes Oppose National Credit Union Share Insurance Fund premium assessment Support parity in deposit insurance coverage levels between credit unions and banks Issues related to housing finance reform Issues related to flood insurance Issues related to privately insured credit unions Issues related to credit union capital requirements Issues related to credit union conversions Issues related to credit unions as employers Issues related to the Foreign Account Tax Compliance Act Issues related to fair lending Issues related to the Telephone Consumer Protection Act Support mandatory arbitration agreements Oppose national interest rate cap Support reduced government-sponsored enterprises costs for credit union mortgages Support secondary mortgage market access for credit unions Support credit union access to Federal Home Loan Banks system Support making CFPB subject to regular appropriations process Support restructuring CFPB leadership to a bipartisan commission Support increasing asset thresholds for CFPB supervision Support clarification of CFPB unfair, deceptive, or abusive acts and practices authority Support CFPB use of Section 1022 authority to exempt credit unions from certain regulations Support CFPB oversight and monitoring of nonbank entities Oppose CFPB efforts to avoid requirements of the rulemaking process Support CFPB use and disclosure of relevant data in rulemakings Support CFPB policies to promote innovation and access to credit Support CFPB coordination with NCUA on policy matters and examination scheduling Oppose mislabeling financial services fees as junk fees Oppose arbitrary limits on credit union fee income Support federal data privacy and security standard that exempts Gramm-Leach-Bliley Act covered institutions, preempts state laws, and does not authorize private right of action Oppose Regulation II debit interchange fee cap Oppose Federal Reserve proposed rule on modifying Regulation II debit interchange cap Support holistic evaluation of regulatory burden on credit unions Oppose expansion of Electronic Fund Transfer Act/Regulation E financial institution liability Support fair distribution of Electronic Fund Transfer Act/Regulation E error resolution responsibilities Oppose Electronic Fund Transfer Act/Regulation E liability for financial institutions for consumer-authorized transactions Oppose nominal leases for banks on military installations Oppose development of a central bank digital currency Oppose proposed new tax reporting requirements for financial institutions Support credit union access to Federal Reserve liquidity options Support FinCEN implementation of the Corporate Transparency Act Support exemptions for CFPB Section 1071 final rule Oppose legislative action on the Overseas Military Banking Program Oppose credit union-related amendments to the FY 2025 National Defense Authorization Act Support federal share insurance for all credit unions acting as fiscal agents of the U.S. government Oppose CFPB proposed rule on overdraft for very large financial institutions Oppose CFPB proposed rule on NSF fees Oppose CFPB efforts to restrict information in credit reports Oppose Credit Card Competition Act (H.R. 3881, S. 1838) Support Secure and Fair Enforcement Banking Act (H.R. 2891; S. 1323) Support Secure And Fair Enforcement Regulation Banking Act (S. 2860) Oppose Capping Credit Card Interest Rates Act (S. 2760) Support Close the Shadow Banking Loophole Act (S. 3538) Support Business of Insurance Regulatory Reform Act (H.R. 7000; S. 3592) Oppose Strengthening Cybersecurity for the Financial Sector Act (H.R. 7036) Support resolution of disapproval for CFPB credit card penalty fees final rule (S.J.Res. 70; H.J.Res. 122) Support CBDC Anti-Surveillance State Act (H.R. 5403; S. 3801) Support CDFI Fund Transparency Act (S. 3161; S. 2674) Support Consumer Financial Protection Commission Act (H.R. 1410) Support CFPB Transparency and Accountability Reform Act (H.R. 2798) Support Fair Audits and Inspections for Regulators Exams Act (H.R. 8071) Support Credit Union Board Modernization Act (H.R. 582, S. 610) Support Member Business Loan Expansion Act (H.R. 4868) Support Veterans Member Business Loan Act (H.R. 4867; S. 539) Support Expanding Access to Lending Options Act (H.R. 6933) Oppose House NDAA Amendment #645 on the Overseas Military Banking Program Support Rural Credit Access Act (H.R. 7338) Support Secure Payments Act (H.R. 7531; S. 4570) Support Consumer Financial Protection Bureau Accountability Act (S. 4521) Oppose American Privacy Rights Act (H.R. 8818) Oppose inclusion of American Privacy Rights Act as amendment to other legislation Oppose Protecting Consumers from Payment Scams Act (H.R. 9303; S. 4943) Support Affordable Future Loan Program Act (S. 4926) Support balanced regulatory framework in AI Act of 2024 (H.R. 10262) Oppose requirement for filing a single joint report in AI Act of 2024 (H.R. 10262) Support Central Liquidity Facility Enhancement Act (H.R. 10510) Support field of membership expansion in Expanding Financial Access for Underserved Communities Act (H.R. 10511) Oppose NDAA amendments on interchange and military banking Support passage of a clean NDAA Oppose CFPB credit card penalty fees final rule Oppose CFPB Section 1071 final rule Oppose CFPB Section 1033 final rule Oppose NCUA Call Report collection of overdraft and NSF fee revenue data Oppose NCUA disclosure of credit union overdraft and NSF fee revenue data Support NCUA action to permit credit union reimbursement of childcare expenses for federal credit union board meetings Oppose collection of vendor information in NCUA Credit Union Profile Oppose changes to NCUA collection forms outside rulemaking process Oppose NCUA proposed rule on succession planning Oppose CFPB mischaracterization of overdraft programs Oppose CFPB proposed rule on modifications to mortgage loss mitigation regulations Support gradual expansion of Fedwire and National Settlement Service operating hours with optional participation Support NCUA recognition of digital banking in service facility definition Support clarification of NCUA member expulsion regulations Support NCUA proposed rule on increasing overdraft flexibility Support NCUA recognition of government sponsored enterprises as government agencies for loan maturity limit purposes Support NCUA adoption of floating interest rate cap Support modification of NCUA commercial loan definition Support increased flexibility in NCUA occupancy requirements Support NCUA modification of low-income designation process Support expanding NCUA qualified charity definition Support expansion of Federal Home Loan Bank Act community financial institution definition Support Federal Home Loan Bank engagement with credit unions Oppose adoption of volume-based incentives for Federal Home Loan Banks Oppose policy changes to limit access to Federal Home Loan Bank liquidity Support harmonization of federal cyber incident notification standards Oppose CFPB action to shift burden of negotiating mortgage closing fees to financial institutions Support credit union access to universal service fund letters of credit program Support additional time to implement anti-money laundering/countering financing of terrorism program changes and publication of guidance Support consistency between NCUA and FinCEN requirements on Bank Secrecy Act compliance Support consumer protection regulations for buy-now-pay-later loan providers Support regulatory framework for artificial intelligence that allows responsible innovation and recognizes compliance with existing regulations Oppose prohibition on use of medical debt information in credit decisions Oppose addition of fourth same-day ACH window Support expanded flexibility for accessing the Fed discount window and intraday credit Oppose CFPB rulemaking activity before transition in administrations Oppose additional Call Report fields on loans to credit union officials and senior executive staff Oppose making changes to Call Report requirements without using notice-and-comment process Support enhanced clarity in proposed amendments to remittance rule Oppose CFPB efforts to manipulate consumer complaint data Oppose proposed incentive-based compensation rule Support recognition of unique credit union structure in Financial Data Transparency Act joint data standards
Sponsor introductory remarks on measure. (CR H67-68)
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $1,440,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Credit Union Administration (NCUA), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of
2024 · fourth_quarter · Banking
credit union member business lending; credit union field of membership issues including maturity limits for federal credit unions; Fair lending; cannabis banking; Prompt Corrective Action for credit unions and capital reform. Community Development Financial Institutions. Nominations for the CFPB's Credit Union Advisory Council. Expanding Financial Access to Underserved Communities Act; The Expanding Financial Access for Underserved Communities Act, H.R. 582 and S. 610, The Credit Union Board Modernization Act. The Credit Card Competition Act (H.R. 3881, S. 1838); access to liquidity for credit unions; H.R. 4867/S. 539, Veterans Member Business Loan Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, CFPB Transparency and Accountability Reform Act; S. 610, Board Modernization Act; S. 1212, Secure Notarization Act; Debit Interchange (reg ii), Loan Maturities (H.R. 6933, the Expanding Access to Lending Options Act); Overseas Military Banking Program; CFPB Overdraft Protection Proposed Rule; Federal Home Loan Bank board organization; Federal Home Loan Bank definition of a CDFI.
Client expense: $110,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE, Treasury, Dept of
2024 · fourth_quarter · Financial Institutions/Investments/Securities
Credit union and credit union related issues. The Credit Card Competition Act (Senate: S. 1838; House: H.R. 3881); H.R. 4867/S. 539, Veterans Member Business Loan Act; access to liquidity; H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, the CFPB Transparency Act; S. 610, the Board Modernization Act; S. 1212, the SECURE Notarization Act; H.R. 6933, Expanding Access to Lending Options Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; CFPB's proposed overdraft protection rule; Federal Home Loan Bank board organization and definition of a CDFI.
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Banking
credit union member business lending; credit union field of membership issues including maturity limits for federal credit unions; Fair lending; cannabis banking; Prompt Corrective Action for credit unions and capital reform. Community Development Financial Institutions. Nominations for the CFPB's Credit Union Advisory Council. Expanding Financial Access to Underserved Communities Act; The Expanding Financial Access for Underserved Communities Act, H.R. 582 and S. 610, The Credit Union Board Modernization Act. The Credit Card Competition Act (H.R. 3881, S. 1838); access to liquidity for credit unions; H.R. 4867/S. 539, Veterans Member Business Loan Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, CFPB Transparency and Accountability Reform Act; S. 610, Board Modernization Act; S. 1212, Secure Notarization Act; Debit Interchange (reg ii), Loan Maturities (H.R. 6933, the Expanding Access to Lending Options Act); Overseas Military Banking Program; CFPB Overdraft Protection Proposed Rule; Federal Home Loan Bank board organization; Federal Home Loan Bank definition of a CDFI.
Client expense: $110,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE, Treasury, Dept of
2024 · third_quarter · Financial Institutions/Investments/Securities
Credit union and credit union related issues. The Credit Card Competition Act (Senate: S. 1838; House: H.R. 3881); H.R. 4867/S. 539, Veterans Member Business Loan Act; access to liquidity; H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, the CFPB Transparency Act; S. 610, the Board Modernization Act; S. 1212, the SECURE Notarization Act; H.R. 6933, Expanding Access to Lending Options Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; CFPB's proposed overdraft protection rule; Federal Home Loan Bank board organization and definition of a CDFI.
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Banking
Protect the credit union tax exemption Support legislation and regulation that advance credit unions and their over 140 million members Support regulatory relief for credit unions Support credit union field of membership expansion and modernization Support regulator- and bank-approved credit union-bank mergers Support financial inclusion and increased access to financial services Support assistance for minority depository institution credit unions Oppose Community Reinvestment Act requirements for credit unions Support Federal Credit Union Act modernization Support expanded credit union investment authority Support expanded credit union examination cycle Support increased examination transparency Support Central Liquidity Facility enhancements Oppose NCUA examination of credit union vendors Support parity for credit union provision of digital asset services Prevent competitive disadvantages for credit unions and market distortions related to the integration of digital assets into traditional financial products Support parity for credit unions related to stablecoin regulation Support modification of credit union loan maturity limits Oppose National Credit Union Share Insurance Fund structural changes Oppose National Credit Union Share Insurance Fund premium assessment Support Community Development Financial Institutions Fund transparency Issues related to housing finance reform Issues related to flood insurance Issues related to privately insured credit unions Issues related to credit union capital requirements Issues related to credit union conversions Issues related to credit unions as employers Issues related to the Foreign Account Tax Compliance Act Issues related to fair lending Issues related to the Telephone Consumer Protection Act Support mandatory arbitration agreements Oppose national interest rate cap Support reduced government-sponsored enterprises costs for credit union mortgages Support secondary mortgage market access for credit unions Support credit union access to Federal Home Loan Banks system Support making CFPB subject to regular appropriations process Support restructuring CFPB leadership to a bipartisan commission Support increasing asset thresholds for CFPB supervision Support clarification of CFPB unfair, deceptive, or abusive acts and practices authority Support CFPB use of Section 1022 authority to exempt credit unions from certain regulations Support CFPB oversight and monitoring of nonbank entities Oppose CFPB efforts to avoid requirements of the rulemaking process Support CFPB use and disclosure of relevant data in rulemakings Support CFPB policies to promote innovation and access to credit Support CFPB coordination with NCUA on policy matters and examination scheduling Oppose mislabeling financial services fees as junk fees Oppose arbitrary limits on credit union fee income Support federal data privacy and security standard that exempts Gramm-Leach-Bliley Act covered institutions, preempts state laws, and does not authorize private right of action Oppose Regulation II debit interchange fee cap Oppose Federal Reserve proposed rule on modifying Regulation II debit interchange cap Support holistic evaluation of regulatory burden on credit unions Oppose expansion of Electronic Fund Transfer Act/Regulation E financial institution liability Support fair distribution of Electronic Fund Transfer Act/Regulation E error resolution responsibilities Oppose Electronic Fund Transfer Act/Regulation E liability for financial institutions for consumer-authorized transactions Oppose nominal leases for banks on military installations Oppose development of a central bank digital currency Oppose proposed new tax reporting requirements for financial institutions Support credit union access to Federal Reserve liquidity options Support FinCEN implementation of the Corporate Transparency Act Support exemptions for CFPB Section 1071 final rule Oppose legislative action on the Overseas Military Banking Program Oppose credit union-related amendments to the FY 2025 National Defense Authorization Act Support federal share insurance for all credit unions acting as fiscal agents of the U.S. government Oppose CFPB proposed rule on overdraft for very large financial institutions Oppose CFPB efforts to restrict information in credit reports Oppose Credit Card Competition Act (H.R. 3881, S. 1838) Support Secure and Fair Enforcement Banking Act (H.R. 2891; S. 1323) Support Secure And Fair Enforcement Regulation Banking Act (S. 2860) Oppose Capping Credit Card Interest Rates Act (S. 2760) Support Close the Shadow Banking Loophole Act (S. 3538) Support Business of Insurance Regulatory Reform Act (H.R. 7000; S. 3592) Oppose Strengthening Cybersecurity for the Financial Sector Act (H.R. 7036) Support resolution of disapproval for CFPB credit card penalty fees final rule (S.J.Res. 70; H.J.Res. 122) Support CBDC Anti-Surveillance State Act (H.R. 5403; S. 3801) Support CDFI Fund Transparency Act (S. 3161; S. 2674) Support Consumer Financial Protection Commission Act (H.R. 1410) Support CFPB Transparency and Accountability Reform Act (H.R. 2798) Support Fair Audits and Inspections for Regulators Exams Act (H.R. 8071) Support Credit Union Board Modernization Act (H.R. 582, S. 610) Support Member Business Loan Expansion Act (H.R. 4868) Support Veterans Member Business Loan Act (H.R. 4867; S. 539) Support Expanding Access to Lending Options Act (H.R. 6933) Oppose House National Defense Authorization Act Amendment #645 on the Overseas Military Banking Program Support Rural Credit Access Act (H.R. 7338) Support Secure Payments Act (H.R. 7531; S. 4570) Support Consumer Financial Protection Bureau Accountability Act (S. 4521) Oppose American Privacy Rights Act (H.R. 8818) Oppose inclusion of American Privacy Rights Act as amendment to other legislation Oppose Protecting Consumers from Payment Scams Act (H.R. 9303; S. 4943) Support Affordable Future Loan Program Act (S. 4926) Oppose CFPB credit card penalty fees final rule Oppose CFPB Section 1071 final rule Oppose CFPB Section 1033 proposed rule Oppose NCUA Call Report collection of overdraft and NSF fee revenue data Oppose NCUA disclosure of credit union overdraft and NSF fee revenue data Support NCUA action to permit credit union reimbursement of childcare expenses for federal credit union board meetings Oppose collection of vendor information in NCUA Credit Union Profile Oppose changes to NCUA collection forms outside rulemaking process Oppose NCUA proposed rule on succession planning Oppose CFPB mischaracterization of overdraft programs Oppose CFPB proposed rule on modifications to mortgage loss mitigation regulations Support gradual expansion of Fedwire and National Settlement Service operating hours with optional participation Support NCUA recognition of digital banking in service facility definition Support clarification of NCUA member expulsion regulations Support NCUA proposed rule on increasing overdraft flexibility Support NCUA recognition of government sponsored enterprises as government agencies for loan maturity limit purposes Support NCUA adoption of floating interest rate cap Support modification of NCUA commercial loan definition Support increased flexibility in NCUA occupancy requirements Support NCUA modification of low-income designation process Support expanding NCUA qualified charity definition Support expansion of Federal Home Loan Bank Act community financial institution definition Support Federal Home Loan Bank engagement with credit unions Oppose adoption of volume-based incentives for Federal Home Loan Banks Oppose policy changes to limit access to Federal Home Loan Bank liquidity Support harmonization of federal cyber incident notification standards Oppose CFPB action to shift burden of negotiating mortgage closing fees to financial institutions Support credit union access to universal service fund letters of credit program Support additional time to implement anti-money laundering/countering financing of terrorism program changes and publication of guidance Support consumer protection regulations for buy-now-pay-later loan providers Support regulatory framework for artificial intelligence that allows responsible innovation and recognizes compliance with existing regulations Oppose prohibition on use of medical debt information in credit decisions
2024 · second_quarter · Banking
credit union member business lending; credit union field of membership issues including maturity limits for federal credit unions; Fair lending; cannabis banking; Prompt Corrective Action for credit unions and capital reform. Community Development Financial Institutions. Nominations for the CFPB's Credit Union Advisory Council. Expanding Financial Access to Underserved Communities Act; The Expanding Financial Access for Underserved Communities Act, H.R. 582 and S. 610, The Credit Union Board Modernization Act. The Credit Card Competition Act (H.R. 3881, S. 1838); access to liquidity for credit unions; H.R. 4867/S. 539, Veterans Member Business Loan Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, CFPB Transparency and Accountability Reform Act; S. 610, Board Modernization Act; S. 1212, Secure Notarization Act; Debit Interchange (reg ii), Loan Maturities (H.R. 6933, the Expanding Access to Lending Options Act); Overseas Military Banking Program; CFPB Overdraft Protection Proposed Rule
Client expense: $110,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE, Treasury, Dept of
2024 · second_quarter · Financial Institutions/Investments/Securities
Credit union and credit union related issues. The Credit Card Competition Act (Senate: S. 1838; House: H.R. 3881); H.R. 4867/S. 539, Veterans Member Business Loan Act; access to liquidity; H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, the CFPB Transparency Act; S. 610, the Board Modernization Act; S. 1212, the SECURE Notarization Act; H.R. 6933, Expanding Access to Lending Options Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; CFPB's proposed overdraft protection rule
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Banking
Credit Union Loan Maturity Issues Credit Union Field of Membership issues S. 539 - Veterans Member Business Loan Act H.R. 4867 - Veterans Member Business Loan Act Issues related to housing Finance Reform Financial Services Regulatory Relief issues Issues related to consumer financial protection Issues related to Digital Assets Credit Union Tax Status Issues related to National Credit Union Administration Examination Procedures Proposed new tax reporting requirements for financial institutions Foreign Account Tax Compliance Act Issues related Credit Card Late Fee Rule H.R. 4868, the Member Business Loan Expansion Act S. 3992, Protecting Access to Credit for Small Businesses Act H.R. 6933, the Expanding Access to Lending Options Act H.R. 3161, the CDFI Fund Transparency Act H.R. 7338, the Rural Credit Access Act of 2024 Issues related to changes to NCUA call report re overdraft/non-sufficient funds fee disclosures Issues related to Overseas Military Banking Program Issues related to Greenhouse Gas Reduction Fund Issues related to CFPB Junk Fees Regulations Issues related to Federal Home Loan Banks Issues related to Overdraft and Non-sufficient Funds Fees Issues related to Fair Lending Issues related to credit union conversions Issues related to Financial inclusion H.J.Res. 122 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z) H.R. 7036 Strengthening Cybersecurity for the Financial Sector Act H.R. 7000; S. 3592 Business of Insurance Regulatory Reform Act EPA Greenhouse Gas Reduction Fund Issues related to flood insurance Support regulator- and bank-approved credit union-bank mergers Support assistance for MDI credit unions Oppose CRA requirements for credit unions Support FCU Act modernization Support expanded credit union investment authority Support expanded credit union examination cycle Support increased examination transparency Support Central Liquidity Facility enhancements Support parity for credit unions related to stablecoin regulation Support mandatory arbitration agreements Oppose national interest rate cap Support reduced GSE costs for credit union mortgages Support secondary mortgage market access for credit unions Support making CFPB subject to regular appropriations process Support restructuring CFPB leadership to a bipartisan commission Support increasing asset thresholds for CFPB supervision Support clarification of CFPB UDAAP authority Support CFPB use of Section 1022 authority to exempt credit unions from certain regulations Support CFPB oversight and monitoring of nonbank entities Oppose CFPB efforts to avoid requirements of the rulemaking process Support CFPB use and disclosure of relevant data in rulemakings Support CFPB policies to promote innovation and access to credit Support CFPB coordination with NCUA on policy matters and examination scheduling Oppose arbitrary limits on credit union fee income Support holistic evaluation of regulatory burden on credit unions Oppose expansion of Regulation E financial institution liability; Support fair distribution of Regulation E error resolution responsibilities Oppose Regulation E liability for financial institutions for consumer-authorized transactions Oppose nominal leases for banks on military installations Oppose development of a CBDC Support credit union access to Federal Reserve liquidity options Oppose proposed CFPB auto lending data collection Support FinCEN implementation of the Corporate Transparency Act Support exemptions for CFPB Section 1071 final rule Oppose legislative action on the Overseas Military Banking Program Oppose credit union-related amendments to the FY 2025 NDAA Support federal share insurance for all credit unions acting as fiscal agents of the U.S. government Oppose CFPB proposed rule on overdraft for very large financial institutions Oppose CFPB efforts to restrict information in credit reports Oppose Credit Card Competition Act (H.R. 3881, S. 1838) Support SAFE Banking Act (H.R. 2891; S. 1323) Support SAFER Banking Act (S. 2860) Oppose Capping Credit Card Interest Rates Act (S. 2760) Support Close the Shadow Banking Loophole Act (S. 3538) Support CBDC Anti-Surveillance State Act (H.R. 5403; S. 3801) Support Consumer Financial Protection Commission Act (H.R. 1410) Support CFPB Transparency and Accountability Reform Act (H.R. 2798) Support FAIR Exams Act (H.R. 8071) Support Credit Union Board Modernization Act (H.R. 582, S. 610) Support Secure Payments Act (H.R. 7531; S. 4570) Support Consumer Financial Protection Bureau Accountability Act (S. 4521) Oppose American Privacy Rights Act (H.R. 8818) Oppose CFPB Section 1071 final rule Oppose CFPB Section 1033 proposed rule Support NCUA action to permit credit union reimbursement of childcare expenses for FCU board meetings Support modification of FHFA first-generation homebuyer definition
2024 · first_quarter · Banking
Credit Card Interchange Fees - S. 1838 and H.R. 3881 - Credit Card Competition Act of 2023 Credit Union Loan Maturity Issues Issues related to access to financial services Credit Union Field of Membership issues Issues related to Credit Union Member Business Lending Caps S. 539 - Veterans Member Business Loan Act H.R. 4867 - Veterans Member Business Loan Act Issues related to housing Finance Reform Financial Services Regulatory Relief issues Issues related to Data Security and Data Privacy S. 610 - Credit Union Board Modernization Act S.2860 - Secure and Fair Enforcement Regulation Banking Act S. 1323 - Secure and Fair Enforcement Banking Act S. 2760 - Capping Credit Card Interest Rates Act S. 3538, Close the Shadow Banking Loophole Act Issues related to the National Defense Authorization Act Issues related to the Consumer Financial Protection Board Issues related to consumer financial protection Issues related to Community Development Financial Institutions Issues related to the Community Development Revolving Loan Fund Issues related to Credit Union Loan Maturities Issues related to Digital Assets Credit Union Tax Status Issues related to Financial Services Regulatory Relief Issues related to National Credit Union Administration Examination Procedures Proposed new tax reporting requirements for financial institutions Postal Banking Issues related to FinCEN and appropriations thereto Issues related to privately insured credit unions Issues related to the Federal Reserves new liquidity facility Issues related to the safety and soundness of credit unions Issues related to the Military Lending Act Issues related to regulation of Credit Unions as employers Issues related to Housing Finance Reform Issues related to management and operation of Credit Unions Issues related to Large Participants for General-Use Digital Consumer Payment Applications Foreign Account Tax Compliance Act Issues related to minority depository institutions Issues related to diversity, equity, and inclusion initiatives Issues related Credit Card Late Fee Rule H.R. 4868, the Member Business Loan Expansion Act S. 3992, Protecting Access to Credit for Small Businesses Act H.R. 6933, the Expanding Access to Lending Options Act H.R. 3161, the CDFI Fund Transparency Act H.R. 7338, the Rural Credit Access Act of 2024 Issues related to third party vendor authority Issues related to changes to NCUA call report re overdraft/non-sufficient funds fee disclosures Issues related to NCUA request for comment on climate-related financial risk Issues related to Overseas Military Banking Program Issues related to Greenhouse Gas Reduction Fund Issues related to CFPB Junk Fees Regulations Issues related to Federal Home Loan Banks Issues related to Overdraft and Non-sufficient Funds Fees Issues related to Fair Lending Issues related to premium assessments by the National Credit Union Share Insurance Fund Issues related to credit union conversions Issues related to capital reform for credit unions Issues related to Financial inclusion Issues related to Unfair, Deceptive, or Abusive acts or practices Issues related to Credit Union Fintech Investment Authority H.J.Res. 122 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z) H.R. 7440 Financial Services Innovation Act Issues related to AI in financial services H.R. 7036 Strengthening Cybersecurity for the Financial Sector Act H.R. 7000; S. 3592 Business of Insurance Regulatory Reform Act Issues related to the Bank Secrecy Act and Currency Transaction Reporting Requirements EPA Greenhouse Gas Reduction Fund Issues related to flood insurance Issues related to Credit Union Service Organizations (CUSO)
2024 · first_quarter · Financial Institutions/Investments/Securities
Credit union and credit union related issues. The Credit Card Competition Act (Senate: S. 1838; House: H.R. 3881); H.R. 4867/S. 539, Veterans Member Business Loan Act; access to liquidity; H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, the CFPB Transparency Act; S. 610, the Board Modernization Act; S. 1212, the SECURE Notarization Act; H.R. 6933, Expanding Access to Lending Options Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act.
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Banking
H.R. 1319, American Rescue Plan Act (117th); credit union member business lending; credit union field of membership issues including maturity limits for federal credit unions; Fair lending; cannabis banking; Prompt Corrective Action for credit unions and capital reform. Community Development Financial Institutions. Nominations for the CFPB's Credit Union Advisory Council. Expanding Financial Access to Underserved Communities Act; The Expanding Financial Access for Underserved Communities Act, H.R. 582 and S. 610, The Credit Union Board Modernization Act. The Credit Card Competition Act (H.R. 3881, S. 1838); access to liquidity for credit unions; H.R. 4867/S. 539, Veterans Member Business Loan Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, CFPB Transparency and Accountability Reform Act; S. 610, Board Modernization Act; S. 1212, Secure Notarization Act; Debit Interchange (reg ii), Loan Maturities (H.R. 6933, the Expanding Access to Lending Options Act); Overseas Military Banking Program
Client expense: $110,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE, Treasury, Dept of
2024 · first_quarter · Banking
Credit Card Interchange Fees - S. 1838 and H.R. 3881 - Credit Card Competition Act of 2023 Credit Union Loan Maturity Issues Issues related to access to financial services Credit Union Field of Membership issues Issues related to Credit Union Member Business Lending Caps S. 539 - Veterans Member Business Loan Act H.R. 4867 - Veterans Member Business Loan Act Issues related to housing Finance Reform Financial Services Regulatory Relief issues Issues related to Data Security and Data Privacy S. 610 - Credit Union Board Modernization Act S.2860 - Secure and Fair Enforcement Regulation Banking Act S. 1323 - Secure and Fair Enforcement Banking Act S. 2760 - Capping Credit Card Interest Rates Act S. 3538, Close the Shadow Banking Loophole Act Issues related to the National Defense Authorization Act Issues related to the Consumer Financial Protection Board Issues related to consumer financial protection Issues related to Community Development Financial Institutions Issues related to the Community Development Revolving Loan Fund Issues related to Credit Union Loan Maturities Issues related to Digital Assets Credit Union Tax Status Issues related to Financial Services Regulatory Relief Issues related to National Credit Union Administration Examination Procedures Proposed new tax reporting requirements for financial institutions Postal Banking Issues related to FinCEN and appropriations thereto Issues related to privately insured credit unions Issues related to the Federal Reserves new liquidity facility Issues related to the safety and soundness of credit unions Issues related to the Military Lending Act Issues related to regulation of Credit Unions as employers Issues related to Housing Finance Reform Issues related to management and operation of Credit Unions Issues related to Large Participants for General-Use Digital Consumer Payment Applications Foreign Account Tax Compliance Act Issues related to minority depository institutions Issues related to diversity, equity, and inclusion initiatives Issues related Credit Card Late Fee Rule H.R. 4868, the Member Business Loan Expansion Act S. 3992, Protecting Access to Credit for Small Businesses Act H.R. 6933, the Expanding Access to Lending Options Act H.R. 3161, the CDFI Fund Transparency Act H.R. 7338, the Rural Credit Access Act of 2024 Issues related to third party vendor authority Issues related to changes to NCUA call report re overdraft/non-sufficient funds fee disclosures Issues related to NCUA request for comment on climate-related financial risk Issues related to Overseas Military Banking Program Issues related to Greenhouse Gas Reduction Fund Issues related to CFPB Junk Fees Regulations Issues related to Federal Home Loan Banks Issues related to Overdraft and Non-sufficient Funds Fees Issues related to Fair Lending Issues related to premium assessments by the National Credit Union Share Insurance Fund Issues related to credit union conversions Issues related to capital reform for credit unions Issues related to Financial inclusion Issues related to Unfair, Deceptive, or Abusive acts or practices Issues related to Credit Union Fintech Investment Authority H.J.Res. 122 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z) H.R. 7440 Financial Services Innovation Act Issues related to AI in financial services H.R. 7036 Strengthening Cybersecurity for the Financial Sector Act H.R. 7000; S. 3592 Business of Insurance Regulatory Reform Act Issues related to the Bank Secrecy Act and Currency Transaction Reporting Requirements EPA Greenhouse Gas Reduction Fund Issues related to flood insurance Issues related to Credit Union Service Organizations (CUSO)
2023 · fourth_quarter · Banking
H.R. 1319, American Rescue Plan Act (117th); credit union member business lending; credit union field of membership issues including maturity limits for federal credit unions; Fair lending; cannabis banking; Prompt Corrective Action for credit unions and capital reform. Community Development Financial Institutions. Nominations for the CFPB's Credit Union Advisory Council. Expanding Financial Access to Underserved Communities Act; The Expanding Financial Access for Underserved Communities Act, H.R. 582 and S. 610, The Credit Union Board Modernization Act. The Credit Card Competition Act (H.R. 3881, S. 1838); access to liquidity for credit unions; H.R. 4867/S. 539, Veterans Member Business Loan Act; H.R. 4198, Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, CFPB Transparency and Accountability Reform Act; S. 610, Board Modernization Act; S. 1212, Secure Notarization Act; Debit Interchange (reg ii), Loan Maturities (H.R. 6933, the Expanding Access to Lending Options Act)
Client expense: $110,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE, Treasury, Dept of
2023 · fourth_quarter · Financial Institutions/Investments/Securities
Credit union and credit union related issues. The Credit Card Competition Act (Senate: S. 1838; House: H.R. 3881); H.R. 4867/S. 539, Veterans Member Business Loan Act; access to liquidity; H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act; H.R. 2798, the CFPB Transparency Act; S. 610, the Board Modernization Act; S. 1212, the SECURE Notarization Act; H.R. 6933, Expanding Access to Lending Options Act
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| CA |
| Juan Vargas | Democratic | CA |
| Nicole Malliotakis | Republican | NY |
| Salud O. Carbajal | Democratic | CA |
| Wiley Nickel | Democratic | NC |
| William R. Timmons IV | Republican | SC |
| Young Kim | Republican | CA |
Client expense: $1,090,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Credit Union Administration (NCUA), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of
Client expense: $1,460,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Small Business Administration (SBA), Treasury, Dept of
Client expense: $2,030,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Small Business Administration (SBA), Treasury, Dept of
Client expense: $2,030,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Small Business Administration (SBA), Treasury, Dept of