Lobbied for banking industry positions on issues including credit card practices & support of the principles of risk-based pricing, notice to and choice for customers (including S. 1395, the Stop Unfair Practices in Credit Cards Act of 2007; H.R. 5244, the Credit Cardholders Bill of Rights Act of 2008; S. 3252, the Credit Card Accountability Responsibility and Disclosure Act of 2008; (see addendum page)and the 2008 Federal Reserve proposal on credit card and overdraft practices), bankruptcy reform, mortgage bankruptcy & opposition to giving bankruptcy judges unilateral ability to alter mortgage terms (including S. 2136, the Helping Families Save Their Homes in Bankruptcy Act of 2007; S. 2133, the HOMES Act; H.R. 3609, the Emergency Home Ownership and Mortgage Equity Protection Act of 2007; Title IV of S. 2636, the Foreclosure Prevention Act of 2008; Title IV of the Senate substitute version of H.R. 3221, the Foreclosure Prevention Act of 2008), mortgage reform/subprime lending/anti-predatory lending (including H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007; and S. 2452, the Home Ownership Preservation and Protection Act of 2007), opposition to requirement to report credit/payment card merchant sales financial data to the Internal Revenue Service as a revenue raiser for the Housing Bill (H.R. 3221, the Foreclosure Prevention Act of 2008), overdraft protection & opposition to requiring opt-ins from customers, calculation of an APR (Annual Percentage Rate) for this fee-based product, and disclosure of a potential overdraft at each point of sale and ATM (including H.R. 946, the Consumer Overdraft Protection Fair Practices Act), ability to discharge student loans during bankruptcy & support of the current-law undue hardship standard (in opposition to House Floor Amendment, on ability to discharge private student loan debt in bankruptcy, to H.R. 4137, the College Opportunity and Affordability Act of 2007), interchange rates & opposition to price controls (including H.R. 5546 and S. 3086, both called the Credit Card Fair Fee Act of 2008), bankruptcy reform for qualifying reserve-component active duty members (H.R. 4044, the National Guard and Reservist Debt Relief Act of 2008), and regulatory relief; general monitoring of legislative and regulatory activity impacting the banking industry and informing Members of Congress and their staff about the practices, contributions to the American economy and society, and policy positions of the banking industry.
It can be tricky to figure out how much an organization spent on a particular lobbying engagement. The law only requires lobbyists to report the amount they were paid for federal lobbying each quarter rounded to the nearest $10,000—and if it's less than $3,000 in a given quarter (or less than $13,000 for organizations with in-house lobbyists), they don't have to disclose it at all. Plus, some organizations include spending that doesn’t belong in the report—for instance, money spent lobbying state governments or other legal work.
Agencies lobbied since 2007: House of Representatives, U.S. Senate, Y
Y
Bills mentioned
S.1395: Stop Unfair Practices in Credit Cards Act of 2007
Lobbyists named here were listed on a filing related to this lobbying engagement. They may not be working on it now. Occasionally, a single lobbyist whose name is spelled two different ways on filings may be represented twice here.
Once a lobbying engagement begins, the lobbyist or firm is required to file updates four times a year. Those updates sometimes change which lobbyists are involved or add new issues being discussed. When lobbyists stop working for a client, the firm is also supposed to file a report disclosing the end of the relationship.
Termination
Q2 Report
Registration
MM Report
Source: Clerk of the U.S. House of Representatives and Secretary of the Senate
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