Credit Card Minimum Payment Notification Act

H.R. 5746: the ‘Industrial Bank Holding Company Act of 2006’. S.2856: the ‘Financial Services Regulatory Relief Act of 2006’. S. 3978: the ‘Debit and Check Card Consumer Protection Act of 2006’. S. 4037: the ‘Rent-To-Own Reform Act of 2006’. S.1502: the ‘Preservation of Federalism in Banking Act’. H.R.3426.: the ‘Preservation of Federalism in Banking Act’. H.R.5341: the `Seasoned Customer CTR Exemption Act of 2006'. H.R.5350: `Federal Payday Loan Consumer Protection Amendments of 2006'. H.R. 5783: the ‘Comprehensive Credit Services for Veterans Act of 2006’. H.R. 6072: the ‘Financial Services Regulatory Relief Amendments Act of 2006’ H.R. 6297: the ‘Freedom to Bank Act’. H. R. 5024: the `Promoting Transparency in Financial Reporting Act of 2006'. S.4116: To amend the Federal Deposit Insurance Act, to clarify the scope of provisions relating to applicable rates of interest and other charge limitations. S.3850: the ‘Credit Rating Agency Reform Act of 2006’. S.3518: To amend the Credit Repair Organizations Act to establish a new disclosure statement. S.2655: the ‘Credit Card Reform Act of 2006’. S.1216: the ‘Financial Privacy Breach Notification Act of 2005’. S.1040: the ‘Credit Card Minimum Payment Notification Act’. S.3662: the ‘Credit Monitoring Enhancement Act of 2006’. H.R.2990: the ‘Credit Rating Agency Duopoly Relief Act of 2006’. S.1461: the ‘Consumer Identity Protection and Security Act’. See Addendum

Client expense: $2,669,687 · Firm income: Not reported

Government targets: Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of

H.Con. Res. 257 – Expressing the sense of the Congress with regard to a moratorium on the payment of principal or interest on certain mortgage loans, small business loans, and consumer loans for residents. H.Con. Res. 257 – Expressing the sense of the Congress with regard to a moratorium on the payment of principal or interest on certain mortgage loans, small business loans, and consumer loans for residents. Pub. L. No. 109-40, Military Personnel Financial Services Protection Act – To amend the federal securities laws to address abuses involving periodic payment plans sold to military personnel. (all provisions) H.R. 799, Consumer Checking Account Fairness Act – To amend the Expedited Funds Availability Act to redress imbalances between the faster withdrawals permitted under the Check 21 and the slower rates for crediting deposits, and for other purposes. H.R. 815, Financial Customer Identification Verification Improvement Act – To amend section 5318 of title 31, United States Code, to prohibit financial institutions from accepting matricula consular issued in the United States as a valid form of identification. (all provisions) H.R. 858, Identity Theft Penalty Enhancement Act – To amend Title 18, United State Code to establish penalties for aggravated identity theft, and for other purposes. (all provisions) H.R. 913, Broad-based Stock Option Plan Transparency Act – To direct the SEC to require enhanced disclosures of employee stock options and to require a study on the economic impact of broad-based employee stock option plans. H.R. 1208, College Student Credit Card Protection Act – To amend the Consumer Credit Protection Act to prevent credit card issuers from taking unfair advantage of full-time, traditional-aged, college students, to protect parents of traditional college student credit card holders, and for other purposes. H.R. 1224, the Business Checking Freedom Act – To repeal the prohibition on the payment of interest on demand deposits, and for other purposes. (all provisions) H.R. 1226 U.S. Financial Policy Committee for Fair Capital Standards Act – To establish a mechanism for developing uniform United States positions on issues before the Basel Committee on Banking Supervision at the Bank for International Settlements, to require a review on the most recent recommendation of the Basel Committee for an accord on capital standards, and for other purposes. Pub. L. No. 109-291, Credit Rating Agency Duopoly Relief Act of 2005 – To amend the Securities Exchange Act of 1934 to revise the definition of statistical rating organization (SRO) to include an entity: (1) whose primary business, for at least the most recent three consecutive years, has been the issuance of publicly available ratings; and (2) that employs either a quantitative or qualitative model to determine its publicly available ratings. (all provisions) H.R. 3007, Combating Terrorism Financing Act of 2005 – To add certain new crimes to Title 18 section on money laundering. H.R. 3140, Consumer Data Security and Notification Act of 2005 – To expand the protections for sensitive personal information in Federal law to cover the information collection and sharing practices of unregulated information brokers, to enhance information security requirements for consumer reporting agencies and information brokers and to require consumer reporting agencies, financial institutions, and other entities to notify consumers of data security breaches involving sensitive consumer information for other purposes. H.R. 3206, the CU Charter Choice Act -- To amend the Federal Credit Union Act provisions relating to any conversion of a credit union charter to a mutual savings bank or savings association charter, and for other purposes. (all provisions) H.R. 3375, Financial Data Security Act of 2005 – To amend the Fair Credit Reporting Act to provide for secure financial data, and for other purposes. HR. 3449, the Consumer Overdraft Protection Fair Practices Act – To extend the protections of the Truth in Lending Act to overdraft protection programs and services provided by depository institutions, to require customer consent before a depository institution may initiate overdraft protection services and fees, to enhance the information made available to consumers relating to overdraft protection services and fees, to prohibit systematic manipulation in the posting of checks and other debits to a depository account for the purpose of generating overdraft protection fees, and for other purposes. (all provisions) H.R. 3492, the Consumer Credit Card Protection Act of 2005 – To amend the Truth in Lending Act to protect consumers from unfair practices of credit card issuers, and for other purposes. (all provisions) Pub. L. No. 109-351, Financial Services Regulatory Relief Act of 2005 – To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes. H.R. 4636, the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 – To enact the technical and conforming amendments necessary to implement the Federal Deposit Insurance Reform Act of 2005, and for other purposes. (all provisions) H.R. 5068, the Export-Import Bank Reauthorization Act of 2006 – To reauthorize the operations of the Export-Import Bank, and to reform certain operations of the Bank, and for other purposes. (all provisions) H.R. 5122, National Defense Authorization Act for Fiscal Year 2007. (provisions on payday lending interest rate limits) H.R. 5177, to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds. (all provisions) H.R. 5341, the Seasoned Customer CTR Exemption Act of 2006 –To amend section 5313 of title 31, United States Code, to reform certain requirements for reporting cash transactions, and for other purposes. (all provisions) H.R. 5522, the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2007. (provisions to prevent Export-Import Bank from funding oil and gas exploration projects) H.R. 5576, the Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia and Independent Agencies Appropriations Act, 2007. (bank real estate activity, matricula consular cards provisions) Pub. L. No. 109-390, Financial Netting Improvements Act of 2006 – To improve the netting process for financial contracts, and for other purposes. (all provisions) H.R. 6062, Community Development Investment Enhancements Act of 2006 – To enhance community development by financial institutions, and for other purposes. (all provisions) S. 12, Targeting Terrorists More Effectively Act of 2005 – Sets forth provisions to detect terrorist financing. (all provisions) S. 98, the Community Choice in Real Estate Act – To amend the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities, and for other purposes. (all provisions) S. 393, Credit Card Minimum Payment Warning Act of 2005 – To require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes. (all provisions) S. 499, Credit Card Accountability Responsibility and Disclosure Act of 2005 – To amend the consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. (all provisions) S. 1037, Mutual Fund Transparency Act of 2005 – To require disclosure of financial relationships between brokers and mutual fund companies and of certain brokerage commissions paid by mutual fund companies. (all provisions) S. 1040, Credit Card Minimum Payment Notification Act – To amend the Truth in Lending Act to provide for enhanced disclosure under an open end credit plan. (all provisions) S. 1461, Consumer Identity Protection and Security Act – To establish procedures for the protection of consumers from misuse of, and unauthorized access to, sensitive personal information contained in private information files maintained by commercial entities engaged in, or affecting, interstate commerce, provide for enforcement of those procedures by the Federal Trade Commission, and for other purposes. (all provisions) S. 1562, Safe and Fair Deposit Insurance Act of 2005 (all provisions) – To provide for the merger of the bank and savings association deposit insurance funds, to modernize and improve the safety and fairness of the federal deposit insurance system, and for other purposes. (all provisions) S. 1586, the Interest on Business Checking Act of 2005 – To allow all businesses to make up to 24 transfers each month from interest-bearing transaction accounts to other transaction accounts, to require the payment of interest on reserves held for depository institutions at Federal reserve banks, to repeal the prohibition of interest on business accounts, and for other purposes. (all provisions) S. 2654, the Protection of Young Consumers Act – To protect consumers, and especially young consumers, from skyrocketing consumer debt and the barrage of credit card solicitations, to establish a financial literacy and education program in elementary and secondary schools to help prepare young people to be financially responsible consumers, and for other purposes. (all provisions) S. 2766, National Defense Authorization Act for Fiscal Year 2007. (provisions on payday lending interest rate limits). Basel Testimony (No bill number) – The ongoing efforts to implement the Basel II risk-based capital requirements, and regarding the proposed guidance concerning commercial real estate concentrations. Basel II Testimony (No bill number) – The ongoing efforts to implement the Basel II risk-based capital requirements, and regarding the proposed guidance concerning commercial real estate concentrations. Avian Flu Testimony (No bill number) – Presented ABA’s view on the three letter rulings by the OCC. The OCC made it possible for national banks to continue serving as economic catalysts for communities across America and to meet the changing needs of bank customers within the existing legal framework. Developed Lobbying/Educational materials on: Credit Cards Farm Credit Systems Credit Unions Mutual Savings Banks President’s proposal to create health savings accounts. Proposals on Credit Card Interchange Fees. “Dear Colleague” Letter regarding Credit Card Industry Standards. OCC Letter Rulings on Bank-Owned Real Estate. Fiscal year 2007 budget proposal to require credit and debit card issuers to report to the IRS each year the aggregate reimbursement payments made to merchants. Implementation of Basel II Capital Accords.

Client expense: $2,680,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.Con. Res. 257 – Expressing the sense of the Congress with regard to a moratorium on the payment of principal or interest on certain mortgage loans, small business loans, and consumer loans for residents. H.Con. Res. 257 – Expressing the sense of the Congress with regard to a moratorium on the payment of principal or interest on certain mortgage loans, small business loans, and consumer loans for residents. Pub. L. No. 109-40, Military Personnel Financial Services Protection Act – To amend the federal securities laws to address abuses involving periodic payment plans sold to military personnel. (all provisions) H.R. 799, Consumer Checking Account Fairness Act – To amend the Expedited Funds Availability Act to redress imbalances between the faster withdrawals permitted under the Check 21 and the slower rates for crediting deposits, and for other purposes. H.R. 815, Financial Customer Identification Verification Improvement Act – To amend section 5318 of title 31, United States Code, to prohibit financial institutions from accepting matricula consular issued in the United States as a valid form of identification. (all provisions) H.R. 858, Identity Theft Penalty Enhancement Act – To amend Title 18, United State Code to establish penalties for aggravated identity theft, and for other purposes. (all provisions) H.R. 913, Broad-based Stock Option Plan Transparency Act – To direct the SEC to require enhanced disclosures of employee stock options and to require a study on the economic impact of broad-based employee stock option plans. H.R. 1208, College Student Credit Card Protection Act – To amend the Consumer Credit Protection Act to prevent credit card issuers from taking unfair advantage of full-time, traditional-aged, college students, to protect parents of traditional college student credit card holders, and for other purposes. H.R. 1224, the Business Checking Freedom Act – To repeal the prohibition on the payment of interest on demand deposits, and for other purposes. (all provisions) H.R. 1226 U.S. Financial Policy Committee for Fair Capital Standards Act – To establish a mechanism for developing uniform United States positions on issues before the Basel Committee on Banking Supervision at the Bank for International Settlements, to require a review on the most recent recommendation of the Basel Committee for an accord on capital standards, and for other purposes. Pub. L. No. 109-291, Credit Rating Agency Duopoly Relief Act of 2005 – To amend the Securities Exchange Act of 1934 to revise the definition of statistical rating organization (SRO) to include an entity: (1) whose primary business, for at least the most recent three consecutive years, has been the issuance of publicly available ratings; and (2) that employs either a quantitative or qualitative model to determine its publicly available ratings. (all provisions) H.R. 3007, Combating Terrorism Financing Act of 2005 – To add certain new crimes to Title 18 section on money laundering. H.R. 3140, Consumer Data Security and Notification Act of 2005 – To expand the protections for sensitive personal information in Federal law to cover the information collection and sharing practices of unregulated information brokers, to enhance information security requirements for consumer reporting agencies and information brokers and to require consumer reporting agencies, financial institutions, and other entities to notify consumers of data security breaches involving sensitive consumer information for other purposes. H.R. 3206, the CU Charter Choice Act -- To amend the Federal Credit Union Act provisions relating to any conversion of a credit union charter to a mutual savings bank or savings association charter, and for other purposes. (all provisions) H.R. 3375, Financial Data Security Act of 2005 – To amend the Fair Credit Reporting Act to provide for secure financial data, and for other purposes. HR. 3449, the Consumer Overdraft Protection Fair Practices Act – To extend the protections of the Truth in Lending Act to overdraft protection programs and services provided by depository institutions, to require customer consent before a depository institution may initiate overdraft protection services and fees, to enhance the information made available to consumers relating to overdraft protection services and fees, to prohibit systematic manipulation in the posting of checks and other debits to a depository account for the purpose of generating overdraft protection fees, and for other purposes. (all provisions) H.R. 3492, the Consumer Credit Card Protection Act of 2005 – To amend the Truth in Lending Act to protect consumers from unfair practices of credit card issuers, and for other purposes. (all provisions) Pub. L. No. 109-351, Financial Services Regulatory Relief Act of 2005 – To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes. H.R. 4636, the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 – To enact the technical and conforming amendments necessary to implement the Federal Deposit Insurance Reform Act of 2005, and for other purposes. (all provisions) H.R. 5068, the Export-Import Bank Reauthorization Act of 2006 – To reauthorize the operations of the Export-Import Bank, and to reform certain operations of the Bank, and for other purposes. (all provisions) H.R. 5122, National Defense Authorization Act for Fiscal Year 2007. (provisions on payday lending interest rate limits) H.R. 5177, to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds. (all provisions) H.R. 5341, the Seasoned Customer CTR Exemption Act of 2006 –To amend section 5313 of title 31, United States Code, to reform certain requirements for reporting cash transactions, and for other purposes. (all provisions) H.R. 5522, the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2007. (provisions to prevent Export-Import Bank from funding oil and gas exploration projects) H.R. 5576, the Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia and Independent Agencies Appropriations Act, 2007. (bank real estate activity, matricula consular cards provisions) Pub. L. No. 109-390, Financial Netting Improvements Act of 2006 – To improve the netting process for financial contracts, and for other purposes. (all provisions) H.R. 6062, Community Development Investment Enhancements Act of 2006 – To enhance community development by financial institutions, and for other purposes. (all provisions) S. 12, Targeting Terrorists More Effectively Act of 2005 – Sets forth provisions to detect terrorist financing. (all provisions) S. 98, the Community Choice in Real Estate Act – To amend the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities, and for other purposes. (all provisions) S. 393, Credit Card Minimum Payment Warning Act of 2005 – To require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes. (all provisions) S. 499, Credit Card Accountability Responsibility and Disclosure Act of 2005 – To amend the consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. (all provisions) S. 1037, Mutual Fund Transparency Act of 2005 – To require disclosure of financial relationships between brokers and mutual fund companies and of certain brokerage commissions paid by mutual fund companies. (all provisions) S. 1040, Credit Card Minimum Payment Notification Act – To amend the Truth in Lending Act to provide for enhanced disclosure under an open end credit plan. (all provisions) S. 1461, Consumer Identity Protection and Security Act – To establish procedures for the protection of consumers from misuse of, and unauthorized access to, sensitive personal information contained in private information files maintained by commercial entities engaged in, or affecting, interstate commerce, provide for enforcement of those procedures by the Federal Trade Commission, and for other purposes. (all provisions) S. 1562, Safe and Fair Deposit Insurance Act of 2005 (all provisions) – To provide for the merger of the bank and savings association deposit insurance funds, to modernize and improve the safety and fairness of the federal deposit insurance system, and for other purposes. (all provisions) S. 1586, the Interest on Business Checking Act of 2005 – To allow all businesses to make up to 24 transfers each month from interest-bearing transaction accounts to other transaction accounts, to require the payment of interest on reserves held for depository institutions at Federal reserve banks, to repeal the prohibition of interest on business accounts, and for other purposes. (all provisions) S. 2654, the Protection of Young Consumers Act – To protect consumers, and especially young consumers, from skyrocketing consumer debt and the barrage of credit card solicitations, to establish a financial literacy and education program in elementary and secondary schools to help prepare young people to be financially responsible consumers, and for other purposes. (all provisions) S. 2766, National Defense Authorization Act for Fiscal Year 2007. (provisions on payday lending interest rate limits). Basel Testimony (No bill number) – The ongoing efforts to implement the Basel II risk-based capital requirements, and regarding the proposed guidance concerning commercial real estate concentrations. Basel II Testimony (No bill number) – The ongoing efforts to implement the Basel II risk-based capital requirements, and regarding the proposed guidance concerning commercial real estate concentrations. Avian Flu Testimony (No bill number) – Presented ABA’s view on the three letter rulings by the OCC. The OCC made it possible for national banks to continue serving as economic catalysts for communities across America and to meet the changing needs of bank customers within the existing legal framework. Developed Lobbying/Educational materials on: Credit Cards Farm Credit Systems Credit Unions Mutual Savings Banks President’s proposal to create health savings accounts. Proposals on Credit Card Interchange Fees. “Dear Colleague” Letter regarding Credit Card Industry Standards. OCC Letter Rulings on Bank-Owned Real Estate. Fiscal year 2007 budget proposal to require credit and debit card issuers to report to the IRS each year the aggregate reimbursement payments made to merchants. Implementation of Basel II Capital Accords.

Client expense: $2,680,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE