Educate Members of Congress about financial technology (FinTech) lending in the small business space;
Monitor H.R. 3490, Small Business Lending Fairness Act;
Discuss H.R. 7764, Small Business Lending Disclosure and Broker Regulation Act, and its ability to support small business;
Highlight for Members of Congress FinTechs ability to serve historically underserved populations.
Educate members of Congress about FinTech lending within the small business space;
Discuss the ambiguity surrounding the true lender doctrine stemming from CFPB v CashCall.
Discuss FinTech lenders ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end;
Monitor S. 4117, the Paycheck Protection Small Business Forgiveness Act, relating to the automatic forgiveness of certain Paycheck Protection Program loans.
Duration: March 4, 2019
to
November 12, 2020
General Issues: Banking , Financial Institutions/Investments/Securities , Small Business
Spending: about $560,000 (But it's complicated. Here's why.)
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 2019: U.S. Senate, House of Representatives, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Small Business Administration (SBA), Treasury - Dept of, Consumer Financial Protection Bureau (CFPB)
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?
Patrick Cuff
Chief of Staff, Rep. Steve Pearce
Chief of Staff, Rep Steve Pearce; Designee, Financial Services Committee; Deputy Chief of Staff, Rep Steve Pearce; Legislative Director, Rep Steve Pearce; Legislative Assistant, Rep Steve Pearce; Legislative Correspondent, Rep Steve Pearce
Chief of Staff, Rep Steve Pearce; Designee, Financial Services Committee; Staff Member, Rep Steve Pearce
Chief of Staff, Rep Steve Pearce; Designee, Financial Services Committee, staff member, Rep Steve Pearce
Patrick Cuff OnDeck
Chief of Staff, Rep Steve Pearce; Designee, Financial Services Committee, staff member, Rep Steve Pearce
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.
4th Quarter, 2020
ON DECK CAPITAL, INC in-house lobbying effort was terminated on Nov. 12, 2020
Original Filing: 301226498.xml
3rd Quarter, 2020
In Q3, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on Oct. 16, 2020.
Original Filing: 301211447.xml
Lobbying Issues
Educate Members of Congress about financial technology (FinTech) lending in the small business space;
Monitor H.R. 3490, Small Business Lending Fairness Act;
Discuss H.R. 7764, Small Business Lending Disclosure and Broker Regulation Act, and its ability to support small business;
Highlight for Members of Congress FinTechs ability to serve historically underserved populations.
Agencies Lobbied
U.S. Senate U.S. House of Representatives
Lobbying Issues
Educate members of Congress about FinTech lending within the small business space;
Discuss the ambiguity surrounding the true lender doctrine stemming from CFPB v CashCall.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Federal Deposit Insurance Corporation (FDIC) Office of the Comptroller of the Currency (OCC)
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
Discuss FinTech lenders ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end;
Monitor S. 4117, the Paycheck Protection Small Business Forgiveness Act, relating to the automatic forgiveness of certain Paycheck Protection Program loans.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Small Business Administration (SBA)
2nd Quarter, 2020
In Q2, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on July 17, 2020.
Original Filing: 301191116.xml
Lobbying Issues
Educate Members of Congress about financial technology (FinTech) lending in the small business space;
Advocate for the expansion of the Paycheck Protection Program Liquidity Facility (PPPLF) and the Main Street Lending Program (MSLP), as created under Title IV of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, to include FinTech lenders; as well as discuss the PPPLF and MSLPs ability to support small business;
Monitor H.R. 3490, Small Business Lending Fairness Act;
Discuss legislation to create a national small business loan disclosure requirement and its ability to support small business;
Advocate for legislation delaying the implementation of the Financial Accounting Standards Board (FASB) rule on Current Expected Credit Losses (CECL).
Agencies Lobbied
U.S. Senate U.S. House of Representatives Treasury - Dept of
Lobbying Issues
Educate members of Congress about FinTech lending within the small business space;
Discuss FinTech lenders ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end;
Advocate for the expansion of the Paycheck Protection Program Liquidity Facility (PPPLF) and the Main Street Lending Program (MSLP), as created under Title IV of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, to include FinTech lenders; as well as discuss the PPPLF and MSLPs ability to support small business.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Small Business Administration (SBA) Treasury - Dept of
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
Discuss FinTech lenders ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end;
Monitor S. 4117, the Paycheck Protection Small Business Forgiveness Act, relating to the automatic forgiveness of certain Paycheck Protection Program loans.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Small Business Administration (SBA) Treasury - Dept of
1st Quarter, 2020
In Q1, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on April 15, 2020.
Original Filing: 301167605.xml
Lobbying Issues
Educate Members of Congress about financial technology (FinTech) lending in the small business space;
Educate Members of Congress about the use of alternative data and machine learning in credit underwriting;
Discuss the collection and storage of small business owner data by regulators, Dodd-Frank Sec 1071;
Highlight for Members of Congress FinTechs ability to serve historically underserved populations;
Advocate for legislation delaying the implementation of the Financial Accounting Standards Board (FASB) rule on Current Expected Credit Losses (CECL) and the ability of H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, to achieve this end.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Treasury - Dept of
Lobbying Issues
Educate members of Congress about FinTech lending within the small business space;
Advocate for the clarification of the ambiguity surrounding the valid when made doctrine stemming from Madden v Midland Funding case;
Discuss ongoing conversations surrounding privacy, cybersecurity, and cloud storage security standards;
Discuss FinTech lenders' ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Small Business Administration (SBA) Treasury - Dept of
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
Discuss FinTech lenders ability to support small businesses impacted by COVID-19, and how programs within H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act, assist to achieve this end.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Small Business Administration (SBA) Treasury - Dept of
4th Quarter, 2019
In Q4, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on Jan. 16, 2020.
Original Filing: 301107115.xml
Lobbying Issues
Educate Members of Congress about financial technology (FinTech) lending in the small business space;
Advocate for legislation prohibiting the use of confessions of judgment in small business lending, and discuss the ability of H.R. 3490, Small Business Lending Fairness Act, to achieve this end;
Educate Members of Congress about the use of alternative data and machine learning in credit underwriting;
Discuss the collection and storage of small business owner data by regulators, Dodd-Frank Sec 1071;
Monitor the progress of H.R. 5013, the Small Business Fair Debt Collection Protections Act;
Highlight for Members of Congress FinTechs ability to serve historically underserved populations.
Agencies Lobbied
U.S. Senate U.S. House of Representatives
Lobbying Issues
Educate members of Congress about FinTech lending within the small business space;
Advocate for the clarification of the ambiguity surrounding the valid when made doctrine stemming from Madden v Midland Funding case;
Discuss ongoing conversations surrounding privacy, cybersecurity, and cloud storage security standards;
Educate Members of Congress about the need to modernize the Bank Secrecy Act, including the incorporation of a beneficial ownership requirement. Discuss the ability of H.R. 2513, the Corporate Transparency Act, to achieve this end.
Agencies Lobbied
U.S. Senate U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
3rd Quarter, 2019
In Q3, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on Oct. 17, 2019.
Original Filing: 301068460.xml
Lobbying Issues
- Educate Members of Congress about financial technology (FinTech) lending to small business;
- Advocate for legislation prohibiting the use of Confessions of Judgment in small business lending, discuss the ability of H.R. 3490, Small Business Lending Fairness Act, to achieve this end;
- Educate Members of Congress about the use of alternative data and machine learning in credit underwriting;
- Discuss the storage of small business owner data by regulators, Dodd-Frank Sec. 1071;
- Highlight for Members of Congress and regulators FinTech's ability to serve historically underserved businesses.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Consumer Financial Protection Bureau (CFPB)
Lobbying Issues
- Educate Members of Congress about FinTech lending to small business;
- Advocate for the clarification of the valid when made doctrine ambiguity stemming from Madden v Midland Funding case;
- Discuss ongoing conversations surrounding privacy and cyber-security standards.
Agencies Lobbied
U.S. Senate U.S. House of Representatives Office of the Comptroller of the Currency (OCC)
Type of Issue
Financial Institutions/Investments/Securities
2nd Quarter, 2019
In Q2, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on July 18, 2019.
Original Filing: 301050013.xml
Lobbying Issues
- Educate Members of Congress about financial technology (FinTech) lending to small business;
- Educate Members of Congress and federal regulators about the legal and regulatory framework surrounding FinTech small business lending;
- Advocate for the creation of legislation prohibiting the use of Confessions of Judgment in small business lending, discuss the ability of H.R. 3490, Small Business Lending Fairness Act, to achieve this end;
- Discuss the modernization of the Fair Credit Reporting Act: H.R. 3622, Restoring Unfairly Impaired Credit and Protecting Consumers Act, S. 1828, Credit Access and Inclusion Act;
- Monitor the ongoing conversations surrounding alternative data and machine learning in credit underwriting;
- Discuss small business data collection, Dodd-Frank Sec. 1071
Agencies Lobbied
U.S. Senate U.S. House of Representatives Consumer Financial Protection Bureau (CFPB)
Lobbying Issues
- Educate Members of Congress about FinTech lending to small business;
- Advocate for the clarification of the valid when made doctrine ambiguity stemming from Madden v Midland Funding case;
- Educate Members of Congress and federal regulators on the added benefit technology service providers create for the financial services industry;
- Monitor the ongoing conversations surrounding alternative data and machine learning in credit underwriting;
- Discuss ongoing conversations surrounding privacy and cyber-security standards
Agencies Lobbied
U.S. Senate U.S. House of Representatives Office of the Comptroller of the Currency (OCC)
Type of Issue
Financial Institutions/Investments/Securities
1st Quarter, 2019
In Q1, ON DECK CAPITAL, INC had in-house lobbyists. The report was filed on April 19, 2019.
Original Filing: 301031626.xml
Lobbying Issues
- Educate Members of Congress about financial technology (FinTech) innovation in the small business lending space;
- Educate Members of Congress on the legal and regulatory framework surrounding FinTech small business lending;
- Support the introduction and passage of legislation prohibiting Confessions of Judgement within small business lending;
- Discuss draft legislation amending the Fair Credit Reporting Act.
Agencies Lobbied
U.S. Senate U.S. House of Representatives
Lobbying Issues
- Educate Members of Congress about FinTech innovation within the small business lending space;
- Educate Members of Congress on technology service providers added benefit to financial institutions of all sizes;
- Monitor the progression of financial industry privacy and cyber-security standards.
Agencies Lobbied
U.S. Senate U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
1st Quarter, 2019
ON DECK CAPITAL, INC filed a lobbying registration on March 28, 2019 for in-house lobbying efforts, effective March 4, 2019.
Original Filing: 301021893.xml
Issue(s) they said they’d lobby about: Legislative and regulatory issues relating to financial technology, small business lending, and privacy / cyber-security standards. .
1st Quarter, 2019
ON DECK CAPITAL, INC filed a lobbying registration on March 25, 2019 for in-house lobbying efforts, effective March 4, 2019.
Original Filing: 301021805.xml
Issue(s) they said they’d lobby about: Legislative and regulatory issues relating to financial technology, small business lending, and privacy / cyber-security standards. .
Source: Clerk of the U.S. House of Representatives and Secretary of the Senate