Debt Settlement Consumer Protection Act of 2010

Debt management issues; FTC Notice of Proposed Rulemaking on TSR relating to debt relief services; Consumer Credit and Debt Protection Act (HR 2309); H.R. 4173, Dodd-Frank Wall Street Reform and Consumer Protection Act; S. 3264, Debt Settlement Consumer Protection Act of 2010; H.R. 5387, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: $40,000

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE

Supporting passage of S. 3264/H.R. 5387, "Debt Settlement Consumer Protection Act of 2010," and related initiatives to regulate the practices of debt settlement companies. Supporting funding for financial counseling and education programs and related initiatives to promote the financial literacy of all Americans. Supporting the development of regulatory language to clarify the meaning of the phrase "loan originator" as it is used in the Secure and Fair Enforcement for Mortgage Licensing Act (Title V of P.L. 110-289). Supporting efforts, by the executive branch, to establish an Office of Housing Counseling within the U.S. Department of Housing and Urban Development as well as an Office of Financial Literacy within the Consumer Financial Protection Bureau (as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act [P.L. 111-203]). Supporting the development, by the U.S. Treasury Secretary, of a proposed set of "Financial Education Core Competencies." Supporting the development, by the Financial Literacy and Education Commission (established under the Fair and Accurate Credit Transactions Act of 2003 [P.L. 108-159]) of a "National Strategy for Financial Literacy 2010" and related initiatives to enhance the financial literacy of all Americans.

Client expense: $40,000 · Firm income: Not reported

H.R. 4173, Wall Street Reform and Consumer Protection Act; S. 3217 and draft Senate bill, Restoring American Financial Stability Act; provisions relating to regulation of lawyers, protecting the attorney-client privilege, bankruptcy law, antitrust law, reducing systemic risk in the U.S. financial system, consumer protection issues, exclusion for practice of law (Sec 343, Subtitle D)and eight financial reform principles endorsed by the American Bar Association S. 3264, the Debt Settlement Consumer Protection Act - provisions and/or amendments relating to federal regulation of lawyers Proposed changes to the Practice of Law Exemption, FTC Mortgage Assistance Relief Services Rulemaking, Rule No. R911003 75 Fed. Reg. 10707, March 9, 2010 Activity in support for the retroactive inclusion of lawyer IOLTA accounts under the extensions of the FDIC transactional account guarantees of P.L. 111-203 Proposed Changes to the Practice of Law Exemption, HUD Proposed Rule titled SAFE Mortgage Licensing Act: HUD Responsibilities Under the SAFE Act, Docket No. FR-5271-P-01, 74 Fed. Reg. 66548, December 15, 2009

Client expense: $260,000 · Firm income: Not reported

H.R.3126, Consumer Financial Protection Agency Act of 2009 H.R.2221, Data Accountability and Trust Act S.3264, Debt Settlement Consumer Protection Act of 2010 S.3241, Safe, Accountable, Fair, and Efficient Banking Act of 2010 H.R.3421, Medical Debt Relief Act of 2009 H.R.5387, Debt Settlement Consumer Protection Act of 2010 S.3742, Data Security and Breach Notification Act of 2010 S.3549, A bill to amend the effective date of the gift card provisions of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 S.139, Data Breach Notification Act S.1490, Personal Data Privacy and Security Act of 2009 Issues related to establishment of Consumer Financial Protection Bureau Issues related to gift cards, mortgage simplification, and debt settlement Issues related to regulatory reform transparency Issues related to Truth in Lending Act and Real Estate Settlement Procedures Act reform

Client expense: $40,000 · Firm income: Not reported

Financial Services legislation; S.3264, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Banking issues related to charter HR 5387 S 3264

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Banking issues related to charter HR 5387 S 3264

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Debt management issues; FTC Notice of Proposed Rulemaking on TSR relating to debt relief services; Consumer Credit and Debt Protection Act (HR 2309); H.R. 4173, Dodd-Frank Wall Street Reform and Consumer Protection Act; S. 3264, Debt Settlement Consumer Protection Act of 2010; H.R. 5387, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: $40,000

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE

H.R. 4173, Wall Street Reform and Consumer Protection Act; S. 3217 and draft Senate bill, Restoring American Financial Stability Act; provisions relating to regulation of lawyers, protecting the attorney-client privilege, bankruptcy law, antitrust law, reducing systemic risk in the U.S. financial system, consumer protection issues, exclusion for practice of law (Sec 343, Subtitle D)and eight financial reform principles endorsed by the American Bar Association S. 3264, the Debt Settlement Consumer Protection Act - provisions and/or amendments relating to federal regulation of lawyers Proposed changes to the Practice of Law Exemption, FTC Mortgage Assistance Relief Services Rulemaking, Rule No. R911003 75 Fed. Reg. 10707, March 9, 2010

Client expense: $320,000 · Firm income: Not reported

- H.R. 3126, Consumer Financial Protection Agency Act - S. 3217, Restoring American Financial Stability Act of 2010, issues related to regulatory reform - H.R. 4173, Restoring American Financial Stability Act of 2010, issues related to regulatory reform and consumer protection - S. 3264, Debt Settlement Consumer Protection Act of 2010 - S. 3241, Safe, Accountable, Fair, and Efficient Banking Act of 2010 - H.R. 3421, Medical Debt Relief Act of 2009 - H.R. 5387, Debt Settlement Consumer Protection Act of 2010 - Issues and legislation related to regulatory and financial services reform - Legislation related to financial privacy and notice of security breach - Issues related to gift cards

Client expense: $70,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Energy, Dept of, Federal Communications Commission (FCC), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Highway Traffic Safety Administration (NHTSA), Office of Science & Technology Policy (OSTP), SENATE, Treasury, Dept of, White House Office

Financial Services legislation; S.3264, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Supporting the development and introduction of S. 3264, "Debt Settlement Consumer Protection Act of 2010," and H.R. 5387, "Debt Settlement Consumer Protection Act of 2010," and related initiatives to protect consumers of debt relief services products.

Client expense: $40,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Treasury, Dept of

Supporting the development and introduction of S. 3264, "Debt Settlement Consumer Protection Act of 2010," and H.R. 5387, "Debt Settlement Consumer Protection Act of 2010," and related initiatives to protect consumers of debt relief services products. Supporting funding for the financial counseling and education programs of the federal government and supporting the development of additional initiatives to promote the financial literacy of all Americans. Supporting the development of regulatory language to clarify the meaning of the term "loan originator" as it is used in the Secure and Fair Enforcement for Mortgage Licensing Act (Title V of P.L. 110-289). Supporting amendments 3891 and 3290 (to provide relief to struggling homeowners) to S. 3217, "The Restoring American Financial Stability Act of 2010," and supporting an additional change to S. 3217 with respect to the jurisdiction of the Consumer Financial Protection Bureau that would be established under the legislation.

Client expense: $40,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Treasury, Dept of

Banking issues related to charter HR 5387 S 3264

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Banking issues related to charter HR 5387 S 3264

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Debt management issues; FTC Notice of Proposed Rulemaking on TSR relating to debt relief services; Consumer Credit and Debt Protection Act (HR 2309); HR 4713, Wall Street and Consumer Protection Act of 2009; S 3217, Restoring American Financial Stability Act of 2010; H.R. 4173, Dodd-Frank Wall Street Reform and Consumer Protection Act; S. 3264, Debt Settlement Consumer Protection Act of 2010; H.R. 5387, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 1664 Grayson Himes Pay for Performance Act, regarding issues on executive compensation; General issues regarding Gramm Leach Bliley Repeal; HR 2896 Equal Treatment of Covered Bonds Act, regarding issues of treatment on covered bonds; HR 2897 Bank Accountability and Risk Assessment Act / HR 786 To make permanent the temporary increase in deposit insurance coverage / HR 1106 Helping Families Save Their Homes Act, regarding FDIC & deposit insurance; HR 627 Credit Cardholders' Bill of Rights Act, regarding legislative and regulatory prohibition of credit card practices implementation timeframes; HR 977 Derivatives Markets Transparency & Accountability Act / S 272 Derivatives Trading Integrity Act, regarding Credit Default Swaps; HR 2454 American Clean Energy and Security Act / S 961 Authorizing the Regulation of Swaps Act / S 1691 Comprehensive Derivatives Regulation Act / Administration Proposal, regarding over-the-counter derivatives; S 3098 PROP Trading Acting, regarding Volcker Rule on proprietary trading; HR 5387 / S 3264 Debt Settlement Consumer Protection Act, regarding issues of examination of debt settlement practices; HR 5548 / S 3480 Protecting CyberSpace as a National Asset Act, regarding general issues on National Cyber Security.

Client expense: $1,090,000 · Firm income: Not reported

Monitored financial services reform legislation with regard to language pertaining to consumer debt settlement. Monitored legislation in House and Senate pertaining specifically to consumer debt settlement (including HR 2309, HR 5387, and S.3264) and worked to promote enhanced regulation and disclosure of industry while preserving debt settlement as an option for financially stressed consumers.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Financial Services Legislation; S.3264, Debt Settlement Consumer Protection Act of 2010

Client expense: Not reported · Firm income: Not reported