Promoting and Advancing Communities of Color Through Inclusive Lending Act

Cooperative Development Program funding and procurement reform at USAID NCUA Budget and Strategic Planning Support Community Development Financial Institutions Fund funding Support Community Development Revolving Loan Fund funding Support FinCEN funding Support Community Development Financial Institutions Fund funding in Promoting and Advancing Communities of Color Through Inclusive Lending Act (H.R. 9767)

Client expense: $1,440,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), SENATE

Work to keep insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Oppose legislation to repeal the McCarran-Ferguson antitrust exemption for the business of insurance. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support H.R. 1165, the Data Privacy Act introduced by HFSC Chairman McHenry. Oppose H.R. 8818, the American Privacy Rights Act, which contains a private right of action and does not include federal preemption or an exemption for GLBA. Support legislation of e-signatures, e-disclosures, and e-notarizations, including E-Sign Modernization Act. Support H.R.1059, SECURE Notarization Act. Support S. 869, the CDFI Bond Guarantee Program Improve Act. Support H.R. 3161, the CDFI Fund Transparency Act, which would require the Fund's Director to testify annually before the HFS and SB Committees. Support increased CDFI and MDI funding in President's FY 2024 Budget Proposal and House Appropriations FSSC Bill. Support H.R. 2891/S. 1323/S. 2860, the Secure and Fair Enforcement Banking SAFE Act and Secure and Fair Enforcement Regulation Banking (SAFER) Act. This bill generally prohibits a federal regulator from penalizing a financial institution for providing services to a legitimate cannabis-related business. Oppose H.R. 3881/S. 1838, the Credit Card Competition Act, a bill that would reduce interchange fees on credit cards. Support H.R. 1807, Improving Disclosure for Investors Act of 2023, to provide electronic delivery of SEC regulatory documents. Included in H.R. 2799, Expanding Access to Capital Act. Support H.R. 500, Financial Exploitation Prevention Act. H.R. 7036, Strengthening Cyber Security for the Financial Sector Act. Working to exclude the "business of insurance" from NCUA's third party vendor bill, keeping insurance regulated by the states. Support H.R. 7440, Financial Services Innovation Act, which develops regulatory pathways for facilitating responsible innovation in fintech. Support H.R. 9767, the Promoting and Advancing Communities of Color Through Inclusive Lending Act. Oppose H.R. 9303, the Protecting Consumers from Payment Scams Act, which would change EFTA's definition of an unauthorized transfer to cover fraudulently induced transactions

Client expense: $110,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.7428 - Earned Wage Access Consumer Protection Act, issues related to fintech and financial services. H.R.9767 - Promoting and Advancing Communities of Color Through Inclusive Lending Act, issues related to fintech and financial services. 89 FR 50048 - Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector, all provisions. 89 FR 47068 - Truth in Lending (Regulation Z); Use of Digital User Accounts To Access Buy Now, Pay Later Loans, all provisions.

Client expense: $20,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES