Lobbying Relationship

Client

Yodlee Inc.

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Lobbying firm

ALLON ADVOCACY, LLC

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  • Access to consumer permissioned financial electronic records; third-party bank vendor risk management guidance; implementation of open banking regime in the U.S.
  • Data security and data privacy issues regarding consumer financial transaction data.
  • Financial data aggregation; Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (PL 111-203); Prudential regulatory third-party vendor risk management.
  • SEC Reg BI, Department of Labor fiduciary rule, market structure and ESG issues.

Duration: to

General Issues: Financial Institutions/Investments/Securities, Computer Industry, Banking, Retirement, Small Business, Taxation/Internal Revenue Code

Spending: about $1,850,000 (But it's complicated. Here's why.)

Agencies lobbied since 2017: U.S. Senate, House of Representatives, Consumer Financial Protection Bureau (CFPB), Federal Reserve System, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Securities & Exchange Commission (SEC), Labor - Dept of (DOL), Treasury - Dept of, Federal Trade Commission (FTC), Small Business Administration (SBA), Commerce - Dept of (DOC), Natl Economic Council (NEC), Financial Crimes Enforcement Network (FinCEN)

Bills mentioned

S.2155: Economic Growth, Regulatory Relief, and Consumer Protection Act

Sponsor: Michael D. Crapo (R-Idaho)

H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the...

Sponsor: Kevin Brady (R-Texas)

S.2179: Data Security and Breach Notification Act

Sponsor: Bill Nelson (D-Fla.)

H.R.4047: Open Banking Study Act of 2019

Sponsor: Gregory W. Meeks (D-N.Y.)

H.R.748: CARES Act

Sponsor: Joe Courtney (D-Conn.)

H.R.6201: Families First Coronavirus Response Act

Sponsor: Nita M. Lowey (D-N.Y.)

S.4116: A bill to extend the authority for commitments for the paycheck...

Sponsor: Benjamin L. Cardin (D-Md.)

H.R.7010: Paycheck Protection Program Flexibility Act of 2020

Sponsor: Dean Phillips (D-Minn.)

H.R.4047: Cutting Unnecessary Regulatory Burdens Act

Sponsor: Scott Franklin (R-Fla.)

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Lobbyists

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.

Lobbyist Covered positions?
Steven Boms Legislative Director, Rep. Gary L. Ackerman Legislative Director, Gary L. Ackerman
Katherine Flocken Legislative Aide, Sen. Rob Portman
Rebecca Mulholland n/a

Disclosures Filed

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.

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Registration

Source: Clerk of the U.S. House of Representatives and Secretary of the Senate

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