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Credit Card Competition Act of 2022
Legislative Progress
Momentum (last 30 days)
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vs 5,357 other S bills in the 117th — cohort avg 38d
Credit Card Competition Act of 2022 This bill addresses network access and competition in electronic credit transactions. The bill generally prohibits credit card issuers from restricting the number of payment card networks on which an electronic credit transaction may be processed. Specifically, the Board of Governors of the Federal Reserve System must prohibit certain credit card issuers with assets of over $100 billion from restricting the number of networks on which credit card transactions may be processed to one network, two or more networks operated by affiliated networks or persons, or the two networks with the largest market share of credit cards issued. Additionally, credit card issuers are prohibited from imposing certain limitations on the routing of electronic credit transactions, such as through penalties for failure to meet a specified threshold of transactions on a particular payment card network. The board must also provide for the designation of payment card networks that pose a security risk to the United States or are owned, operated, or sponsored by a foreign state entity.
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Filing registrants (74)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2025 · second_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2025 · first_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2024 · third_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2024 · third_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2024 · second_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · second_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · third_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · third_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · second_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · second_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · first_quarter · Financial Institutions/Investments/Securities
Issues related to the Dodd-Frank Act. Issues related to loan underwriting, including but not limited to price setting/rate caps. Issues related to the student lending market. Issues related to data privacy and data security. S.4674 (Credit Card Competition Act of 2022).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · first_quarter · Banking
Reducing credit and debit card interchange rates and unfair credit card practices. -Public Law No: 111-203 (H.R. 4173), - Dodd-Frank Wall Street Reform and Consumer Protection Act, Subtitle G, Sec. 1075 of HR 4173 (as enacted). Reasonable fees and rules for payment card transactions and routing of transactions. -S. 4674. Credit Card Competition Act of 2022 (all provisions). -H.R.8874. Credit Card Competition Act of 2022 (all provisions).
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · first_quarter · Banking
Bank On Buy Now, Pay Later Central Bank Digital Currency Cryptocurrency Digital Assets Nominations USPS Pilot Banking Program H.R. 1996, The SAFE Banking Act H.R. 1277/S. 374, Improving Corporate Governance Through Diversity Act of 2021 H.R. 2547, Comprehensive Debt Collection Improvement Act H.R. 758, Promoting Access to Capital in Underbanked Communities Act of 2023 S. 910, SAFE Banking Act S.J.RES.15, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of Currency relating to "National Banks and Federal Savings Associations as Lenders." H.R.1533, Promoting New and Diverse Depository Institutions Act H.R. 6145, Community Bank Relief Act of 2021 S. 3409, To amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to require the appropriate Federal banking agencies to develop a Community Bank Leverage Ratio that is between 8 percent and 8.5 percent for calendar years 2022, 2023, and 2024. Emergency Capital Investment Issues for CDFI and MDI S. 3715, The E-SIGN Modernization Act Coin Circulation H.R. 7351, To amend the Consumer Financial Protection Act of 2010 to provide for the supervision of non-depository persons offering or making small business loans, and for other purposes. H.R. 4277, Overdraft Protection Act of 2021 H.R 4521, America Competes Act of 2022 H.R.7003, Expanding Financial Access for Underserved Communities Act S. 2677, Stop Overdraft Profiteering Act of 2021 S. 4356, Responsible Financial Innovation Act The impact of Environmental, Social and Governance guidance and regulatory proposals on Banking. UDAAP Supervisory Policies and Adjudication Procedures Issues impacting the modernization of the Community Reinvestment Act Deposit Insurance Assessment Rates S.4674, Credit Card Competition Act H.R. 8874, Credit Card Competition Act S.4760, Digital Commodities Consumer Protection Act of 2022 Merchant Category Codes
Client expense: $1,830,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2023 · first_quarter · Banking
Issues relating to swipe fees, competitive routing and the Credit Card Competition Act of 2022 (H.R.8874/S.4674).
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · first_quarter · Small Business
Issues relating to swipe fees, competitive routing and the Credit Card Competition Act of 2022 (H.R.8874/S.4674).
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · first_quarter · Financial Institutions/Investments/Securities
Issues related to interchange fees on electronic payments; credit card interchange proposals, HR 8874 and S.4674 Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · first_quarter · Banking
2/8 House Financial Services Committee Subcommittee on Financial Institutions and Monetary Policy hearing- Revamping and Revitalizing Banking in the 21st Century 3/7 Senate Banking Committee Hearing- Monetary Policy and the State of the Economy 3/8 House Financial Services Committee Hearing- The Federal Reserves Semi-Annual Monetary Policy Report 3/8 House Financial Services Committee Subcommittee on Financial Institutions and Monetary Policy hearing- Consumer Financial Protection Bureau: Ripe for Reform 3/24 House Small Business Committee hearing- The End of Relationship Banking? Examining the CFPBs Small Business Lending Data Collection Rule H.R. 1410- Consumer Financial Protection Commission Act H.R. 1382- TABS Act of 2023 H.R. 1313- Transparency in CFPB Cost-Benefit Analysis Act H.R. 1411- CFPB-IG Reform Act of 2023 H.R. 1165- Data Privacy Act of 2023 S.4674 (117th Cong.)- Credit Card Competition Act of 2022 H.R.8874 (117th Cong.)- Credit Card Competition Act of 2022 Issues related to Zelle payment platform and changes to Regulation E House Financial Services Discussion Draft: Stablecoin Legislation Issues related to Biden Administration Student Loan Forgiveness Plan Issues related to changing UDAAP legislation/ Dodd-Frank UDAAP provisions Issues related to banning arbitration agreements H.R.7900 (117th Cong.)- National Defense Authorization Act for Fiscal Year 2023 H.R.8152 (117th Cong.)- American Data Privacy and Protection Act H.R. ____ - Protecting Consumers From Payment Scams Act Issues related to Section 1034 of Dodd-Frank Act Issues related to CFPB Credit Card Late Fees and Late Payments H.R.7412 (117th Cong.)- Transparency in CFPB Cost-Benefit Analysis Act H.R.6802 (117th Cong.)- Preventing Racial Profiling in Lending Act H.R.6732 (117th Cong.)- Small LENDER Act H.R.7352 (117th Cong.)- PPP and Bank Fraud Enforcement Harmonization Act of 2022 H.R.4277 (117th Cong.)- Overdraft Protection Act of 2021 Issues related to By Now/Pay Later Financial Products Issues related to SBA Direct 7(a) lending program H.R.6037 (117th Cong.), To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes. S. 3382 (117th Cong.), To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program. Issues related to transition from LIBOR Rate S. 3056 (117th Cong.), the Prohibiting IRS Financial Surveillance Act Issues related to FDIC Director appointment House/Senate Semi-annual Hearing with the Director of the CFPB Issues related to Cyber Security, Data Security & Breach Notification Issues related to Consumer Data Privacy Issues related to the Community Reinvestment Act Issues related to fair lending and fair banking Issues related to CFPB supervisory authority under Section 1024 Issues related to Dodd-Frank including Section 1033 Issues related to the Consumer Financial Protection Bureau H.R. 4773 (117th Cong.), the Consumer Financial Protection Commission Act Legislation related to establishing a commission at the CFPB Issues related to Interest Rate Caps on Banks Issues related to CFPB Consumer Response Portal Issues related to CFPB Taskforce on Consumer Financial Laws CFPB Section 1071 rulemaking Issues related to Underbanked/Unbanked Consumers Issues related to CFPB agency guidance Issues related to bank fees, including overdraft fees and credit card late fees. Issues related to COVID-19 pandemic H.R. 4120 (117th Cong.), To amend the Fair Credit Reporting Act to provide comprehensive reforms to the consumer credit reporting laws, and for other purposes H.R. 4277 (117th Cong.), To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at financial institutions, and for other purposes Issues related to credit card network interchange fees. Issues related to U.S. Postal Service banking services. Issues related to the Federal Reserve Central Digital Bank Currency Issues related to the Federal Reserve Consumer checking accounts Issues related to the reauthorization of the Higher Education Act Issues related to the CFPBs and Department of Educations actions on student lending Issues related to disclosures for federal student loans Legislation related to student loan refinancing programs Issues related to bankruptcy protections for student loans Issues related to federal student loan reform Issues related to AML-BSA Reform Issues related to FinCEN CDD Rule Issues related to Appropriations Issues related to the Fair Credit Reporting Act Issues related to the Community Reinvestment Act Issues related to financial regulatory coordination Issues related to SBA 7(a) Loan Program and fees H.R. 5050 (116th Cong.), the Veterans and Consumers Fair Credit Act Issues related to the Fair Housing Act Issues related to FinTech Issues related to the E-SIGN Act Issues related to the Bank Secrecy Act and Anti-Money Laundering Issues related to the Counter Terrorism & Illicit Finance Act S. 2563 (116th Cong.), the Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act Issues related to Parent Companies of Industrial Banks and Industrial Loan Companies Regulations: Equal Credit Opportunity issues, Regulation B, 12 CFR Part 1002 Home Mortgage Disclosure Act Issues, Regulation C, 12 CFR Part 1003 Fair Debt Collection Practices Issues, Regulation F, 12 CFR Part 1006 Privacy Issues, 12 CFR Parts 40, 216, 332, 1016 Fair Credit Reporting Issues, 12 CFR Parts 41, 171, 334, 1022 Truth in Lending Issues, Regulation Z, 12 CFR Part 1026 Regulations related to the Dodd-Frank Act, Pub. L. No. 111-203 Issues related to the Higher Education Act Issues related to Electronic Fund Transfer Act, regulation E, 15 U.S.C. 1693 Issues related to FDIC Deposit Insurance Issues related to the Paperwork Reduction Act Issues related to the Military Lending Act Community Reinvestment Act Regulations & Q&A issues Issues related to the Servicemembers Civil Relief Act Issues related to Small Business Act Issues related to the Bank Secrecy Act and Anti-Money Laundering rules Issues related to Section 1033 of Dodd-Frank Issues related to Overdraft and non-sufficient funds (NSF) fees Issues related to Fintech oversight Issues related to Buy Now Pay Later Issues related to CFPB Credit Card Safe Harbor fee Issues related to Section 1071 Small Business Data Collection Issues related to UDAAP exam manual changes
Client expense: $830,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2023 · first_quarter · Financial Institutions/Investments/Securities
Issues related to the Junk Fee Prevention Act (S. 916) Issues related to the Credit Card Competition Act of 2022 (S. 4674).
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to COVID-19 pandemic relief. H.R. 1319 (P.L. 117-2) the American Rescue Plan Act of 2021. Issues related to interchange fees on electronic payments Issues related to credit card routing; the Credit Card Competition Act (S. 4674 & H.R. 8874) Issues related to digital transformation, payment security and payments innovations. Issues related to privacy & data use. Issues related to digital currencies, assets and cryptocurrencies Issues related to Merchant Category Codes H.R. 3684, the Infrastructure Investment and Jobs Act Consolidated Appropriations Act, 2023 H.R. 2617 (P.L. 117-328)
Client expense: $2,440,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2022 · third_quarter · Financial Institutions/Investments/Securities
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. 8152 American Data Privacy & Protection Act. Support HFSC Ranking Member Patrick McHenry's Data Privacy Discussion Draft. Oppose legislation to provide retroactive pandemic business interruption insurance. Support legislation of e-signatures, e-disclosures, and e-notarizations, including S. 3715 E-Sign Modernization Act. Support H.R.3962 and S.1625 SECURE Notarization Act of 2021. Support H.R. 4350/H.R. 7900/S. 2792, NDAA for FY 2022 - includes both SAFE Banking and SECURE Notarization Act. Support increased CDFI and MDI funding in President's FY 2023 Budget Proposal and House Appropriations FSSC Bill. Support "Build America Bonds" for infrastructure. Support S.1443 and H.R.2917, Retirement Parity for Student Loans Act of 2021. Support H.R.1996/S.910 Secure and Fair Enforcement Banking SAFE Act - This bill generally prohibits a federal regulator from penalizing a financial institution for providing services to a legitimate cannabis-related business. Support H.R. 2954 Secure a Strong Retirement Act and S. 1770 Retirement Savings and Security to promote the adoption of employer sponsored retirement savings plans and employee participation in such plans. Support S. 4353 RISE & SHINE Act (retirement). Support S. 4808 SFC Enhancing American Retirement Now (EARN) Act Discussion Draft. Support Expanding Financial Access for Underserved Communities Act. Support life insurance tax stabilization provision and 2022 Budget Reconciliation to Build Back Better. Oppose H.R. 8874/S. 4674 Credit Card Competition Act of 2022.
Client expense: $160,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Issues related to interchange, debit interchange price controls, and routing mandates for credit cards - S.4674 and H.R. 8874. Issues related to payments tokenization and card security - S.936 and H.R. 5502. Issues related to digital identity - H.R. 4258. Issues related to antitrust reform- S.2992 & H.R. 3816. Issues related to cybersecurity incident reporting - H.R. 2617. Issues related to U.S. sanctions - Russia and Belarus. Issues related to trade - Indo-Pacific Economic Framework. Issues related to global payment standards, merchant category codes (MCCs), and special category merchants. Issues related to payments innovation. Issues related to digital payments. Issues related to digital assets. Issues related to data privacy. Issues related to financial inclusion. Issues related to CDFIs and MDIs.
Client expense: $910,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2022 · fourth_quarter · Banking
Issues related to interchange, debit interchange price controls, and routing mandates for credit cards - S.4674 and H.R. 8874. Issues related to payments tokenization and card security - S.936 and H.R. 5502. Issues related to digital identity - H.R. 4258. Issues related to antitrust reform- S.2992 & H.R. 3816. Issues related to cybersecurity incident reporting - H.R. 2617. Issues related to U.S. sanctions - Russia and Belarus. Issues related to trade - Indo-Pacific Economic Framework. Issues related to global payment standards, merchant category codes (MCCs), and special category merchants. Issues related to payments innovation. Issues related to digital payments. Issues related to digital assets. Issues related to data privacy. Issues related to financial inclusion. Issues related to CDFIs and MDIs.
Client expense: $910,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2022 · fourth_quarter · Banking
Payments Card Standards, Security and Fraud Merchant Credit Card Acceptance Fees Debit Card Interchange Fees and Routing (S. 4674/H.R.8874) Credit Card Competition Act H.R.2617 - Consolidated Appropriations Act, 2023
Client expense: $391,438 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Issues related to interchange, debit interchange price controls, and routing mandates for credit cards - S.4674 and H.R. 8874. Issues related to payments tokenization and card security - S.936 and H.R. 5502. Issues related to digital identity - H.R. 4258. Issues related to antitrust reform- S.2992 & H.R. 3816. Issues related to cybersecurity incident reporting - H.R. 2617. Issues related to U.S. sanctions - Russia and Belarus. Issues related to trade - Indo-Pacific Economic Framework. Issues related to global payment standards, merchant category codes (MCCs), and special category merchants. Issues related to payments innovation. Issues related to digital payments. Issues related to digital assets. Issues related to data privacy. Issues related to financial inclusion. Issues related to CDFIs and MDIs.
Client expense: $910,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2022 · fourth_quarter · Economics/Economic Development
Provide strategic counsel and advocacy for issues related to: Supplemental Nutrition Assistance Program; small business and franchise issues; electric vehicle policies; credit card swipe fees; HR 8874/S.4674 - Credit Card Competition Act of 2022 and other matters affecting 7 Eleven, Inc.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Aviation/Airlines/Airports
Customer-related issues; Issues pertaining to Sustainable Aviation Fuels (SAF) capital grants; Issues pertaining to pilot training; Issues pertaining to Air Travel Refunds and Travel Voucher Policy; Issues pertaining to Aviation Workforce Supply; S. 4674/H.R. 8874, Credit Card Competition Act of 2022, provisions related to aviation; Issues pertaining to air traffic modernization; Issues pertaining to Federal Aviation Administration, Transportation Security Administration, and Customs and Border Patrol staffing; Issues pertaining to international travel restrictions.
Client expense: $810,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Issues related to credit card interchange, including S.4674 / H.R.8874 (Credit Card Competition Act of 2022)
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Aviation/Airlines/Airports
Customer-related issues; Issues pertaining to Sustainable Aviation Fuels (SAF); Issues pertaining to pilot training; Issues pertaining to Air Travel Refunds and Travel Voucher Policy; Issues pertaining to Aviation Workforce Supply; S. 4674/H.R. 8874, Credit Card Competition Act of 2022, provisions related to aviation; Issues pertaining to air traffic modernization; Issues pertaining to Federal Aviation Administration, Transportation Security Administration, and Customs and Border Patrol staffing.
Client expense: $920,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Issues related to credit card interchange S.4674/H.R.8874 (Credit Card Competition Act of 2022)
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
While MCUL takes no position on the issue of cannabis legalization, it supports legislation in the 117th Congress that would provide a safe harbor for financial institutions to serve their members needs in states where cannabis use has become legal. MCUL supports the SAFE Banking Act of 2021, S. 910 and H.R. 1996 which would provide a safe harbor for credit unions and other financial institutions. MCUL stands opposed to efforts to change the existing interchange system by expanding requirements under the so-called Durbin Amendment established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. We have been educating our delegation on the importance of the current credit card interchange system with regard to ensuring consumer data remains secure and private and are asking our delegation to oppose S. 4674/H.R. 8874, the Credit Card Competition Act of 2022 because of the harm it would do to credit unions, their members, along with other financial institutions and their customers. We continue to educate our congressional delegation on voluntary overdraft protection services offered by credit unions and the value our members place on these services. MCUL is opposed to legislation (H.R. 4277 and S. 2677) that would severely limit a financial institutions ability to offer these voluntary services to our members. MCUL supports and is calling for passage of H.R. 3962 and S.1625, the SECURE Notarization Act that would establish minimum standards for electronic and remote notarization. We are also educating our delegation on the importance of updating the 20 year old E-sign Act to better reflect how customers can signal their acceptance of electronic transactions. MCUL is opposed to S. 2508, the Veteran's and Consumer Fair Credit Act that would extend provisions of the Military Lending Act (MLA), which establishes a 36% all-in rate cap on most loans to service members, to all consumer loans. The all-in cap would make it very difficult for credit unions to maintain viable small-dollar programs and severely hinder a state credit union's ability to offer overdraft products.
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Supporting increased competition in credit card payment routing; Supporting the Credit Card Competition Act (H.R. 8874; S. 4674)
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
3/8 Senate Banking Hearing: Examining Mandatory Arbitration in Financial Service Products H.R. 963 Forced Arbitration Injustice Repeal (FAIR) Act of 2022 3/31 House Financial Services Subcommittee on Consumer Protection and Financial Institutions Hearing- The End of Overdraft Fees? Examining the Movement to Eliminate the Fees Costing Consumers Billions House/Senate Hearing: Annual Oversight of the Nations Largest Banks S.4674 - Credit Card Competition Act of 2022 H.R.8874 - Credit Card Competition Act of 2022 Issues related to Zelle payment platform and changes to Regulation E House Financial Services Discussion Draft: Stable Coin Legislation Issues related to Biden Administration Student Loan Forgiveness Plan Issues related to changing UDAAP legislation Issues related to banning arbitration agreements H.R.7900 - National Defense Authorization Act for Fiscal Year 2023 H.R. 8152 - American Data Privacy and Protection Act H.R. ____ - Protecting Consumers From Payment Scams Act Issues related to Section 1034 of Dodd-Frank Act Issues related to CFPB Credit Card Late Fees and Late Payments H.R.7412 - Transparency in CFPB Cost-Benefit Analysis Act H.R.6802 - Preventing Racial Profiling in Lending Act H.R.6732 - Small LENDER Act H.R.7352 - PPP and Bank Fraud Enforcement Harmonization Act of 2022 Issues related to 7/29 Senate Banking Hearing - Extending the Military's 36% Interest Rate Cap to Everyone Draft Legislation - Access to No-Fee Accounts Act. Pub. Law 117-169 Build Back Better Act - Implementation of IRS Reporting Bank Account Information H.R.4277 - Overdraft Protection Act of 2021 Issues related to By Now/Pay Later Financial Products Issues related to SBA Direct 7(a) lending program H.R. 6037, To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes. S. 3382, To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program. Issues related to transition from LIBOR Rate S. 3056, the Prohibiting IRS Financial Surveillance Act Issues related to FDIC Director appointment House/Senate Semi-annual Hearing with the Director of the CFPB Issues related to Cyber Security, Data Security & Breach Notification Issues related to Consumer Data Privacy Issues related to the Community Reinvestment Act Issues related to fair lending and fair banking Issues related to CFPB supervisory authority under Section 1024 Issues related to Dodd-Frank including Section 1033 Issues related to the Consumer Financial Protection Bureau H.R. 4773, the Consumer Financial Protection Commission Act Legislation related to establishing a commission at the CFPB Issues related to Interest Rate Caps on Banks Issues related to CFPB Consumer Response Portal Issues related to CFPB Taskforce on Consumer Financial Laws CFPB Section 1071 rulemaking Issues related to Underbanked/Unbanked Consumers Issues related to CFPB agency guidance Issues related to bank fees, including overdraft fees and credit card late fees. Issues related to COVID-19 pandemic H.R. 4120, To amend the Fair Credit Reporting Act to provide comprehensive reforms to the consumer credit reporting laws, and for other purposes H.R. 4277, To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at financial institutions, and for other purposes Issues related to credit card network interchange fees. Issues related to U.S. Postal Service banking services. Issues related to the Federal Reserve Central Digital Bank Currency Issues related to the Federal Reserve Consumer checking accounts H.R. 4616, the Adjustable Interest Rate (LIBOR) Act of 2021 Issues related to the reauthorization of the Higher Education Act Issues related to the CFPBs and Department of Educations actions on student lending Issues related to disclosures for federal student loans Legislation related to student loan refinancing programs Issues related to bankruptcy protections for student loans Issues related to federal student loan reform H.R. 2498, Private Loan Disability Discharge Act of 2021 Issues related to AML-BSA Reform Issues related to FinCEN CDD Rule Issues related to Appropriations H.R. 4345, Financial Services and General Government Appropriations Act, 2022 H.R. 4350/S. 2792, National Defense Authorization Act for Fiscal Year 2022 S. Con. Res. 14, A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031 Issues related to the Fair Credit Reporting Act H.R. 3642 (116th Cong.), Improving Credit Reporting for All Consumers Act H.R. 953 (116th Cong.), To prohibit consumer reporting agencies from including adverse information in certain consumer reports, and from making adverse determinations relating to security clearances, with respect to certain individuals affected by the Government shutdown, and for other purposes. H.R. 1500 (116th Cong.), Consumers First Act Issues related to the Comprehensive Consumer Credit Reporting Reform Act of 2019 H.R. 4120, Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2021 Draft Legislation - Protecting Your Credit Score Act of 2021 Issues related to the Community Reinvestment Act Issues related to financial regulatory coordination Issues related to SBA 7(a) Loan Program and fees H.R. 5050 (116th Cong.), the Veterans and Consumers Fair Credit Act Issues related to the Fair Housing Act Issues related to FinTech Issues related to the E-SIGN Act Issues related to the Bank Secrecy Act and Anti-Money Laundering Issues related to the Counter Terrorism & Illicit Finance Act S. 2563 (116th Cong.), the Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act Issues related to Parent Companies of Industrial Banks and Industrial Loan Companies Regulations: Equal Credit Opportunity issues, Regulation B, 12 CFR Part 1002 Home Mortgage Disclosure Act Issues, Regulation C, 12 CFR Part 1003 Fair Debt Collection Practices Issues, Regulation F, 12 CFR Part 1006 Privacy Issues, 12 CFR Parts 40, 216, 332, 1016 Fair Credit Reporting Issues, 12 CFR Parts 41, 171, 334, 1022 Truth in Lending Issues, Regulation Z, 12 CFR Part 1026 Regulations related to the Dodd-Frank Act, Pub. L. No. 111-203 Issues related to the Higher Education Act Issues related to Electronic Fund Transfer Act, regulation E, 15 U.S.C. 1693 Issues related to FDIC Deposit Insurance Issues related to the Paperwork Reduction Act Issues related to the Military Lending Act Community Reinvestment Act Regulations & Q&A issues Issues related to the Servicemembers Civil Relief Act Issues related to Small Business Act Issues related to the Bank Secrecy Act and Anti-Money Laundering rules Issues related to Section 1033 of Dodd-Frank Issues related to Overdraft and non-sufficient funds (NSF) fees Issues related to Fintech oversight Issues related to Buy Now Pay Later Issues related to CFPB Credit Card Safe Harbor fee Issues related to Section 1071 Small Business Data Collection Issues related to UDAAP exam manual changes
Client expense: $1,290,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2022 · fourth_quarter · Banking
Payments Card Standards, Security and Fraud Merchant Credit Card Acceptance Fees Debit Card Interchange Fees and Routing (S. 4674/H.R.8874) Credit Card Competition Act H.R.2617 - Consolidated Appropriations Act, 2023
Client expense: $391,438 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
H.R. 1437, Further Continuing Appropriations and Extensions Act, all provisions; H.R. 4373, Further Additional Continuing Appropriations and Extensions Act, 2023, all provisions; H.R. 2627, Consolidated Appropriations Act, all provisions; S. 5189, Close the Shadow Banking Loophole Act, all provisions; H.R. 2954, Securing a Strong Retirement Act of 2022, all provisions; H.R. 1996/ S.910, Safe Banking Act of 2021, all provisions; H.R. 8874/S.4674, Credit Card Competition Act of 2022, all provisions; Crypto currency, general education; ESG general education; SBA program education; CRA modernization general education; cyber security general education.
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Financial Institutions/Investments/Securities
H.R. 1437, Further Continuing Appropriations and Extensions Act, all provisions; H.R. 4373, Further Additional Continuing Appropriations and Extensions Act, 2023, all provisions; H.R. 2627, Consolidated Appropriations Act, all provisions; S. 5189, Close the Shadow Banking Loophole Act, all provisions; H.R. 2954, Securing a Strong Retirement Act of 2022, all provisions; H.R. 1996/ S.910, Safe Banking Act of 2021, all provisions; H.R. 8874/S.4674, Credit Card Competition Act of 2022, all provisions; Crypto currency, general education; ESG general education; SBA program education; CRA modernization general education; cyber security general education.
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Protect the credit union tax exemption; Support legislation and regulation that helps credit unions grow membership, loans, and retained earnings in order to serve their 127 million members; Support regulatory relief for credit unions; Provide guidance or rulemakings rather than rule through enforcement; Support increase in funding for CDFI Fund, MDIs, and the CDRLF; Fair Market: This includes ensuring all lenders are following the same rules of the road and protecting consumers, including making fintechs, predatory payday lenders, and other non-regulated entities subject to proper oversight; Technology and Innovation: As new technologies emerge and disrupt finance, the NCUA needs to foster strong fintech partnerships to help credit unions and support credit unions ability to provide custodial services for digital assets and utilize blockchain technologies; Regulatory Relief: Remove the CFPBs examination and enforcement powers over credit unions, retain the NCUA Boards bipartisan three-member structure, and oppose efforts to place new restrictions on lending and credit reporting that will inhibit credit unions from helping their members; Data Protection: Encouraging federal standards for data privacy and data security that recognize existing regulatory requirements for credit unions, such as a federal standard of privacy rules that aligns with our principles outlined in our white paper; Support extending GLBA like data security measures to retailers; Support recognizing GLBA compliance in any privacy legislation; Oppose SBA direct lending authority; Support improvements to ease the process for forgiveness of PPP loans to small businesses; Oppose limits on fee income for credit unions including courtesy pay; Support CFPB study of overdraft programs to determine the value to consumers; Support limiting burdens of HMDA rule on credit unions; CFPB should remove unnecessary and unused data points related to HMDA reporting; Support permanently increasing reporting thresholds for open- and closed-end loans; Prevent competitive disadvantages for credit unions and market distortions related to the integration of digital assets into traditional financial products; CFPB should make greater use of Section 1022 of the Dodd-Frank Act to exempt credit unions from rules where appropriate; CFPB should engage in interagency coordination on Section 1033 consumer access to financial records rulemaking; Oppose CFPBs characterization of regulated and disclosed financial services fees as junk fees; CFPB should explore streamlining required fee disclosures; CFPB should clarify UDAAP authority; CFPB should respect GLBAs data security regulatory structure; CFPB should limit impact and burden from proposed rule related to Section 1071 Small Business Lending Data Collection (RIN: 3170-AA09); Improve examination coordination between CFPB and NCUA; Support permanent adoption of CFPBs expired temporary relief of E-SIGN regulation; Support CFPB exercise of larger participant authority to oversee fintech companies; Support fair distribution of Regulation E error resolution responsibilities; Support clear regulatory framework for digital assets to encourage responsible innovation and permit credit union participation; Support CDFI Fund transparency on certification changes; Support streamlining and modernization of CDFI Fund certification process; Support Congressional oversight of SBAs Affiliation and Small Business Lending Company proposed rules; Support tax deduction for mortgage insurance premiums; Support modification or removal of the credit union member business lending cap; FHFA should allow GSEs to purchase non-conforming loans from CDFIs; Support alternative credit scoring models; Oppose development of a CBDC; Support prevention of an NFIP lapse; Support improving veterans access to capital by exempting credit unions business loans to veterans from the credit union member business lending cap; Support expanding the definition of Community Financial Institutions (CFIs) in the Federal Home Loan Bank Act (FHLB Act) to include credit unions and Treasury-certified non-depository community development financial institutions; Oppose any interchange/swipe fee legislation including related to routing or any form of market manipulation; Support parity for credit unions related to stablecoin regulation; Treasury should address the demand for coins to help consumers who rely on cash transactions; Support addressing appraisal bias and modernize the appraisal process for consistency; Support for forced arbitration - studies show consumers benefit more often from arbitration than litigation; Support easing requirements for de novo credit unions; Support providing flexibility for credit unions to issue subordinated debt; Support H.R. 5189, the Member Business Loan Expansion Act; Support the Federal Home Loan Banks' Mission Implementation Act (H.R. 3323, S.1684); Support H.R. 4773, the Consumer Financial Protection Commission Act; Oppose legislation granting NCUA third-party vendor examination authority (H.R. 7022, S. 4698); Oppose Credit Card Competition Act (H.R. 8874, S. 4674); Support SAFE Banking Act (H.R. 1996, S. 910); Support Central Liquidity Facility Enhancement Act (H.R. 3958, S. 5183); Support Credit Union Board Modernization Act (H.R. 6889, S. 4325); Support Expanding Financial Access for Underserved Communities Act (H.R. 7003, S. 4879); Support CDFI Bond Guarantee Program Improvement Act (H.R. 7733, S. 3441); Support Title III, Subtitle C of H.R. 2543 - Promoting and Advancing Communities of Color Through Inclusive Lending; Support S. 3590, the Middle Class Mortgage Insurance Premium Act; Oppose inclusion of the Credit Card Competition Act (H.R. 8874, S. 4674) or NCUA third-party vendor examination authority (H.R. 7022, S. 4698) in the FY 2023 NDAA; Support H.R. 5912, the Close the ILC Loophole Act; Support S. 762, the Expanding Access to Lending Options Act; Oppose Senate NDAA amendments 6201 and 6174 on credit card interchange; Support S. 4165, the CDFI Crisis Fund Act; Oppose H.R. 4277, the Overdraft Protection Act; Oppose FDCPA changes that improperly burden creditors in H.R. 6814, the Small Business Fair Debt Collection Protection Act; Oppose inclusion of bank lease provision in FY 2023 NDAA; Oppose H.R. 8152, the American Data Privacy and Protection Act; Support H.R. 5911, the Fair Hiring in Banking Act; Support H.R. 4590, the Promoting New and Diverse Depository Institutions Act; Oppose H.R. 8485, the Expanding Access to Credit through Consumer-Permissioned Data Act; Support the Small LENDER Act (H.R. 6732, S. 4004); Support H.R. 7628, the Improve the SBA Act; Support the SECURE Notarization Act (H.R. 3962, S. 1625); Support the TAILOR Act (H.R. 766, S. 3745); Support the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act (H.R. 7412, S.4522); Support H.R. 1471, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act; Oppose H.R. 963, the Forced Arbitration Injustice Repeal (FAIR) Act; Support S. 5189, the Close the Shadow Banking Loophole Act; Support for Advancing Technologies to Support Inclusion Act discussion draft; Support for Creation of Diverse and Mission-Driven Community Financial Institutions Act discussion draft; Comments to SBA on RIN 3245-AH87 expressing concern about interaction between Affiliation and Small Business Lending Company proposed rules; Request for extension of temporary NCUA relief on loan participation and eligible obligation regulations due to the COVID-19 pandemic; Request for clarification of CFPB authority and intention for auto loan data collection; Comments to Treasury Dept on Docket No. 2022-21524 requesting streamlined applications for federal community investment programs; Comments to CDFI Fund on Docket No. 2022-22767 requesting modification of proposed pre-approved Target Market assessment methodologies; Comments to EPA on Docket ID No. EPA-HQ-OA-2022-0859 opposing establishment of single national green bank and supporting credit union inclusion as indirect recipients of Greenhouse Gas Reduction Fund disbursements; Comments to NCUA on RIN: 3133-AF43 supporting the elimination of the maximum maturity requirement for subordinated debt; Comments to CDFI Fund on Docket No. 2022-24082 opposing changes to CDFI certification requirements; Comments to NCUA on Docket No. NCUA-2022-0132 opposing overly complex member expulsion process; Support delay of GSEs credit fee caps effective date; Comments to CFPB on Docket No. CFPB-2022-0059 supporting additional flexibility in the Qualified Mortgage rule; Comments to FTC on R111004 opposing data privacy rulemaking absent comprehensive federal legislation; Support elimination of in-person quorum requirement for credit union annual meetings; Comments to CISA on Docket ID: CISA-2022-0010 supporting simplification of cyber incident reporting requirements; Support inclusion of 501(c)(19) veterans organizations as qualified charit[ies] in NCUA regulations; Comments to Treasury Department on Document No. 2022-20279 supporting application of Bank Secrecy Act and anti-money laundering regulations to digital assets and supporting interagency coordination to ensure credit union inclusion in digital asset regulations; Comments to FHFA on Federal Home Loan Bank System review supporting capital requirements for System members and supporting alignment of tangible capital definitions among regulators; Comments to FHFA on Fintech in Housing Finance supporting interagency coordination and caution in integration of non-depository fintech lenders; Comments to NCUA on RIN 3064-ZA33 supporting flexibility in updated commercial real estate loan accommodations policy statement; Oppose increases to NCUAs 2023-2024 budget and support increased budget transparency; Oppose expansion of Regulation E liability;
Client expense: $910,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office
2022 · fourth_quarter · Financial Institutions/Investments/Securities
Protect the credit union tax exemption; Support legislation and regulation that helps credit unions grow membership, loans, and retained earnings in order to serve their 127 million members; Support regulatory relief for credit unions; Provide guidance or rulemakings rather than rule through enforcement; Support increase in funding for CDFI Fund, MDIs, and the CDRLF; Fair Market: This includes ensuring all lenders are following the same rules of the road and protecting consumers, including making fintechs, predatory payday lenders, and other non-regulated entities subject to proper oversight; Technology and Innovation: As new technologies emerge and disrupt finance, the NCUA needs to foster strong fintech partnerships to help credit unions and support credit unions ability to provide custodial services for digital assets and utilize blockchain technologies; Regulatory Relief: Remove the CFPBs examination and enforcement powers over credit unions, retain the NCUA Boards bipartisan three-member structure, and oppose efforts to place new restrictions on lending and credit reporting that will inhibit credit unions from helping their members; Data Protection: Encouraging federal standards for data privacy and data security that recognize existing regulatory requirements for credit unions, such as a federal standard of privacy rules that aligns with our principles outlined in our white paper; Support extending GLBA like data security measures to retailers; Support recognizing GLBA compliance in any privacy legislation; Oppose SBA direct lending authority; Support improvements to ease the process for forgiveness of PPP loans to small businesses; Oppose limits on fee income for credit unions including courtesy pay; Support CFPB study of overdraft programs to determine the value to consumers; Support limiting burdens of HMDA rule on credit unions; CFPB should remove unnecessary and unused data points related to HMDA reporting; Support permanently increasing reporting thresholds for open- and closed-end loans; Prevent competitive disadvantages for credit unions and market distortions related to the integration of digital assets into traditional financial products; CFPB should make greater use of Section 1022 of the Dodd-Frank Act to exempt credit unions from rules where appropriate; CFPB should engage in interagency coordination on Section 1033 consumer access to financial records rulemaking; Oppose CFPBs characterization of regulated and disclosed financial services fees as junk fees; CFPB should explore streamlining required fee disclosures; CFPB should clarify UDAAP authority; CFPB should respect GLBAs data security regulatory structure; CFPB should limit impact and burden from proposed rule related to Section 1071 Small Business Lending Data Collection (RIN: 3170-AA09); Improve examination coordination between CFPB and NCUA; Support permanent adoption of CFPBs expired temporary relief of E-SIGN regulation; Support CFPB exercise of larger participant authority to oversee fintech companies; Support fair distribution of Regulation E error resolution responsibilities; Support clear regulatory framework for digital assets to encourage responsible innovation and permit credit union participation; Support CDFI Fund transparency on certification changes; Support streamlining and modernization of CDFI Fund certification process; Support Congressional oversight of SBAs Affiliation and Small Business Lending Company proposed rules; Support tax deduction for mortgage insurance premiums; Support modification or removal of the credit union member business lending cap; FHFA should allow GSEs to purchase non-conforming loans from CDFIs; Support alternative credit scoring models; Oppose development of a CBDC; Support prevention of an NFIP lapse; Support improving veterans access to capital by exempting credit unions business loans to veterans from the credit union member business lending cap; Support expanding the definition of Community Financial Institutions (CFIs) in the Federal Home Loan Bank Act (FHLB Act) to include credit unions and Treasury-certified non-depository community development financial institutions; Oppose any interchange/swipe fee legislation including related to routing or any form of market manipulation; Support parity for credit unions related to stablecoin regulation; Treasury should address the demand for coins to help consumers who rely on cash transactions; Support addressing appraisal bias and modernize the appraisal process for consistency; Support for forced arbitration - studies show consumers benefit more often from arbitration than litigation; Support easing requirements for de novo credit unions; Support providing flexibility for credit unions to issue subordinated debt; Support H.R. 5189, the Member Business Loan Expansion Act; Support the Federal Home Loan Banks' Mission Implementation Act (H.R. 3323, S.1684); Support H.R. 4773, the Consumer Financial Protection Commission Act; Oppose legislation granting NCUA third-party vendor examination authority (H.R. 7022, S. 4698); Oppose Credit Card Competition Act (H.R. 8874, S. 4674); Support SAFE Banking Act (H.R. 1996, S. 910); Support Central Liquidity Facility Enhancement Act (H.R. 3958, S. 5183); Support Credit Union Board Modernization Act (H.R. 6889, S. 4325); Support Expanding Financial Access for Underserved Communities Act (H.R. 7003, S. 4879); Support CDFI Bond Guarantee Program Improvement Act (H.R. 7733, S. 3441); Support Title III, Subtitle C of H.R. 2543 - Promoting and Advancing Communities of Color Through Inclusive Lending; Support S. 3590, the Middle Class Mortgage Insurance Premium Act; Oppose inclusion of the Credit Card Competition Act (H.R. 8874, S. 4674) or NCUA third-party vendor examination authority (H.R. 7022, S. 4698) in the FY 2023 NDAA; Support H.R. 5912, the Close the ILC Loophole Act; Support S. 762, the Expanding Access to Lending Options Act; Oppose Senate NDAA amendments 6201 and 6174 on credit card interchange; Support S. 4165, the CDFI Crisis Fund Act; Oppose H.R. 4277, the Overdraft Protection Act; Oppose FDCPA changes that improperly burden creditors in H.R. 6814, the Small Business Fair Debt Collection Protection Act; Oppose inclusion of bank lease provision in FY 2023 NDAA; Oppose H.R. 8152, the American Data Privacy and Protection Act; Support H.R. 5911, the Fair Hiring in Banking Act; Support H.R. 4590, the Promoting New and Diverse Depository Institutions Act; Oppose H.R. 8485, the Expanding Access to Credit through Consumer-Permissioned Data Act; Support the Small LENDER Act (H.R. 6732, S. 4004); Support H.R. 7628, the Improve the SBA Act; Support the SECURE Notarization Act (H.R. 3962, S. 1625); Support the TAILOR Act (H.R. 766, S. 3745); Support the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act (H.R. 7412, S.4522); Support H.R. 1471, the Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act; Oppose H.R. 963, the Forced Arbitration Injustice Repeal (FAIR) Act; Support S. 5189, the Close the Shadow Banking Loophole Act; Support for Advancing Technologies to Support Inclusion Act discussion draft; Support for Creation of Diverse and Mission-Driven Community Financial Institutions Act discussion draft; Comments to SBA on RIN 3245-AH87 expressing concern about interaction between Affiliation and Small Business Lending Company proposed rules; Request for extension of temporary NCUA relief on loan participation and eligible obligation regulations due to the COVID-19 pandemic; Request for clarification of CFPB authority and intention for auto loan data collection; Comments to Treasury Dept on Docket No. 2022-21524 requesting streamlined applications for federal community investment programs; Comments to CDFI Fund on Docket No. 2022-22767 requesting modification of proposed pre-approved Target Market assessment methodologies; Comments to EPA on Docket ID No. EPA-HQ-OA-2022-0859 opposing establishment of single national green bank and supporting credit union inclusion as indirect recipients of Greenhouse Gas Reduction Fund disbursements; Comments to NCUA on RIN: 3133-AF43 supporting the elimination of the maximum maturity requirement for subordinated debt; Comments to CDFI Fund on Docket No. 2022-24082 opposing changes to CDFI certification requirements; Comments to NCUA on Docket No. NCUA-2022-0132 opposing overly complex member expulsion process; Support delay of GSEs credit fee caps effective date; Comments to CFPB on Docket No. CFPB-2022-0059 supporting additional flexibility in the Qualified Mortgage rule; Comments to FTC on R111004 opposing data privacy rulemaking absent comprehensive federal legislation; Support elimination of in-person quorum requirement for credit union annual meetings; Comments to CISA on Docket ID: CISA-2022-0010 supporting simplification of cyber incident reporting requirements; Support inclusion of 501(c)(19) veterans organizations as qualified charit[ies] in NCUA regulations; Comments to Treasury Department on Document No. 2022-20279 supporting application of Bank Secrecy Act and anti-money laundering regulations to digital assets and supporting interagency coordination to ensure credit union inclusion in digital asset regulations; Comments to FHFA on Federal Home Loan Bank System review supporting capital requirements for System members and supporting alignment of tangible capital definitions among regulators; Comments to FHFA on Fintech in Housing Finance supporting interagency coordination and caution in integration of non-depository fintech lenders; Comments to NCUA on RIN 3064-ZA33 supporting flexibility in updated commercial real estate loan accommodations policy statement; Oppose increases to NCUAs 2023-2024 budget and support increased budget transparency; Oppose expansion of Regulation E liability;
Client expense: $910,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office
2022 · fourth_quarter · Aviation/Airlines/Airports
Issues related to aviation, aviation safety, airspace congestion, airline alliances, airline taxes, tariffs, infrastructure, and consumers. Issues related to sustainable aviation fuel. Infrastructure Investment and Jobs Act (P.L. 117-58). Issues related to 5G spectrum interference. Issues related to travel and tourism. Inflation Reduction Act (P.L. 117-169). Registered Traveler Act of 2022 (S.4769). Credit Card Competition Act (S.4674). Consolidated Appropriations Act, 2023 (H.R.2617 - P.L. 117-328).
Client expense: Not reported · Firm income: $60,000
Government targets: Defense, Dept of (DOD), Federal Communications Commission (FCC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT)
2022 · fourth_quarter · Aviation/Airlines/Airports
Legislation affecting the airline industry, including: - H.R. 741/S. 1608, To support the sustainable aviation fuel market, and for other purposes; - H.R. 884, To direct the Secretary of Transportation to establish a national aviation preparedness plan for communicable disease outbreaks, and for other purposes; - H.R. 1696/S. 642, Air Carrier Access Amendments Act of 2021; - H.R. 1813/S. 2717, To amend title 49, United States Code, to ensure that revenues collected from passengers as aviation security fees are used to help finance the costs of aviation security screening by repealing a requirement that a portion of such fees be credited as offsetting receipts and deposited in the general fund of the Treasury/FASTER Act; - H.R. 2719, To amend title 49, United States Code, to make modifications to the passenger facility charge program administered by the Federal Aviation Administration, and for other purposes; - H.R. 2770, To amend title 49, United States Code, to provide for aviation system enhancements during public health emergencies, and for other purposes; - H.R. 3110/S. 1658, To amend the Fair Labor Standards Act of 1938 to expand access to breastfeeding accommodations in the workplace, and for other purposes; - H.R. 3440/S. 2263, To amend the Internal Revenue Code of 1986 to provide a tax credit for sustainable aviation fuel, and for other purposes; - S. 1752/H.R. 3482, A bill to establish the National Center for Advancement of Aviation; - H.R. 4042, To provide for funding from the Airport and Airway Trust Fund for all Federal Aviation Administration activities for a certain period in the event of a Government shutdown, and for other purposes; - H.R. 4094, To conduct a pilot program at foreign last point of departure airports to permit passengers and their accessible property to continue on additional flights or flight segments originating in the United States without additional security re-screening, and for other purposes; - S. 2085, Save Our Future Act; - H.R. 1187, Corporate Governance Improvement and Investor Protection Act; - S. 1217, Climate Risk Disclosure Act of 2021; - H.R. 6215/S. 3352, FAIR Fees Act; - S. 3125, Aviation Emissions Reduction Opportunity Act; - S. 3222, Airline Passengers' Bill of Rights; - S. 3375, Omnibus Travel and Tourism Act of 2021; - H.R. 8257/S. 4678, Department of Homeland Security Appropriations Act, 2023, provisions relating to staffing and security and facilitation fees; - H.R. 8294/S. 4670, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2023, provisions relating to airline passenger taxes, NextGen program, consumer protection, and sustainable aviation fuel; - S. 1260/H.R. 4521, United States Innovation and Competition Act/America Competes Act of 2022, provisions relating to Sustainable Aviation Fuel; - S. 4419/H.R. 8105, Good Jobs for Good Airports Act; - S. 4392, Reduce our Military Reliance on Foreign Fuel Act; - H.R. 8152, American Data Privacy and Protection Act; - H.R. 7900/S. 4543/P.L. 117-263, National Defense Authorization Bill, provisions relating to Sustainable Aviation Fuel, One-Stop Pilot Program, and airspace issues; - H.R. 8605/S. 4665, To provide for cash refunds for canceled airline flights and tickets; - H.R. 5376/PL 117-169, Inflation Reduction Act of 2022, provisions relating to sustainable aviation fuels; - H.R. 4346/PL 117-167, CHIPS Act of 2022, provisions relating to sustainable aviation fuels; - S. 4687, Safeguarding the Homeland from the Threats Posed by Unmanned Aircraft Systems Act of 2022; - H.R. 8698, To eliminate the exemption of air carriers from the authority of the Federal Trade Commission and to prohibit certain unfair and deceptive acts and practices relating to air carrier delays, and for other purposes; - H.R. 8727, To establish an alternative fuel and low-emission aviation technology program, and for other purposes; - S. 4801, Stopping Harmful Incidents to Enforce Lawful Drone Use Act; - S. 4674/H.R. 8874, Credit Card Competition Act of 2022; - H.R. 8949, To amend the Homeland Security Act of 2002 to extend counter-unmanned aircraft systems authorities, to improve transparency, safety, and accountability related to such authorities, and for other purposes; - H.R. 2617/P.L. 117-328, Consolidated Appropriations Act, 2023, provisions relating to war risk insurance, PUMP Act, funding for air traffic control staffing, training, and modernization, and Transportation Security Administration staffing. Request for Comments, Minimum Seat Dimensions Necessary for Safety of Air Passengers (Emergency Evacuation) in FAA-2022-1001; NPRM, Enhancing Transparency of Airline Ancillary Service Fees in DOT-OST-2017-0007; NPRM, Airline Ticket Refunds and Consumer Protections in DOT-OST-2022-0089; In the matter of ALL U.S. AIR CARRIERS Waiver of the dormancy and startup conditions on limited entry route authority in DOT-OST-2020-0035; Orders Limiting Operations at John F. Kennedy International Airport and New York LaGuardia Airport; High Density Traffic Airports Rule at Ronald Reagan Washington National Airport at FAA-2020-0862; Refunding Fees for Delayed Checked Bags and Ancillary Services that Are Not Provided in DOT-OST-2016-0208; NPRM, Accessible Lavatories on Single Aisle Aircraft, Part 1 in DOT-OST-2019-0180 and Part 2 in DOT-OST-2021-0137; NPRM, The Enhancement and Standardization of Climate-Related Disclosures for Investors, Securities and Exchange Commission, 34-94478, File Number S7-10-22; Executive Order 13998 on Promoting COVID-19 Safety in Domestic and International Travel, January 21, 2021; Executive Order 14036 on Promoting Competition in the American Economy, July 9, 2021; Federal policy regarding matters impacting the airline industry, including: - FAA Air Traffic Control operations, modernization, staffing and equipage; - Passenger Facility Charges; - Transportation Security Administration (TSA) (aviation security taxes and fees, fee diversion, passenger and baggage inspection issues, aircraft, security issues, TSA wait times, facilities, equipment, biometrics, and staffing issues); - Airport Security Issues; - Cybersecurity issues; - Customs and Border Protection issues (CBP facilities and staffing levels at airports, preclearance, user fee increases, revenue diversion, biometric entry/exit); - Aircraft noise and emissions issues; - Animal and Plant Health Inspection Service funding, passenger and cargo inspection issues, and inspection fees; - International air service rights issues (Open Skies, U.S. Government Bilateral Negotiations); - Ancillary fees (baggage, cancellation/change fees, premium seating); customer service issues including travel waivers, travel credits, and refund policies; - Passenger Accessibility issues; - Bureau of Transportation Statistics; - Global Distribution Systems/Online Travel Agents; - Air Carrier Cabotage Exemptions; - Revenue Diversion; - Information Technology issues; - Labor issues; - Domestic and international allocation of gates and slots; - FAA Reauthorization; - Regulatory Reform; - Data Privacy; - Aircraft Certification Issues; - Taxes On Aviation; - Coronavirus (COVID-19) including aircraft cleaning, facial covering requirement, health screening requirements, slot waivers, COVID-19 testing, and international travel restrictions; - Climate Policy; - Sustainable Aviation Fuels (SAF); - Environmental, Social And Governance (ESG) Reporting; - Airport Infrastructure; - Secondary Cockpit Barriers; - Tourism; - Spectrum Interference Issues; - Fuel Supply Issues; - Airline operations; - Family seating; and - War Risk Insurance.
Client expense: $130,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT)
2022 · fourth_quarter · Financial Institutions/Investments/Securities
Issues related to swipe fees/interchange fees; H.R. 8874/S. 4674, Credit Card Competition Act of 2022
Client expense: $540,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Financial Institutions/Investments/Securities
Credit card swipe fees. H.R.8874/S.4674 - Credit Card Competition Act of 2022.
Client expense: Not reported · Firm income: $50,000
Government targets: Treasury, Dept of
2022 · fourth_quarter · Consumer Issues/Safety/Products
Data privacy issues and legislative proposals. S. 2875, Cyber Incident Reporting Act of 2021. H.R. 8152, American Data Privacy and Protection Act. H.R. 8874/S. 4674, Credit Card Competition Act of 2022. Federal Trade Commission Advanced Notice of Proposed Rulemaking regarding Commercial Surveillance and Data Security. S. 3063, Kids Online Safety Act. S. 1628, Children and Teens' Online Privacy Protection Act.
Client expense: $780,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Banking
Credit card security, EMV transition, and routing issues; S. 4674/H.R. 8874 Credit Card Competition Act of 2022
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE