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LOBBYING REPORT |
Lobbying Disclosure Act of 1995 (Section 5) - All Filers Are Required to Complete This Page
2. Address
| Address1 | 910 17TH STREET, NW, Suite 800 |
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| City | WASHINGTON |
State | DC |
Zip Code | 20006 |
Country | USA |
3. Principal place of business (if different than line 2)
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5. Senate ID# 283630-12
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6. House ID# 368350000
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| TYPE OF REPORT | 8. Year | 2022 |
Q1 (1/1 - 3/31) | Q2 (4/1 - 6/30) | Q3 (7/1 - 9/30) | Q4 (10/1 - 12/31) |
9. Check if this filing amends a previously filed version of this report
| 10. Check if this is a Termination Report | Termination Date |
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11. No Lobbying Issue Activity |
| INCOME OR EXPENSES - YOU MUST complete either Line 12 or Line 13 | |||||||||
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| 12. Lobbying | 13. Organizations | ||||||||
| INCOME relating to lobbying activities for this reporting period was: | EXPENSE relating to lobbying activities for this reporting period were: | ||||||||
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| Provide a good faith estimate, rounded to the nearest $10,000, of all lobbying related income for the client (including all payments to the registrant by any other entity for lobbying activities on behalf of the client). | 14. REPORTING Check box to indicate expense accounting method. See instructions for description of options. | ||||||||
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Method A.
Reporting amounts using LDA definitions only
Method B. Reporting amounts under section 6033(b)(8) of the Internal Revenue Code Method C. Reporting amounts under section 162(e) of the Internal Revenue Code |
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| Signature | Digitally Signed By: Michael D. Calhoun |
Date | 7/20/2022 6:20:30 PM |
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code BAN
16. Specific lobbying issues
Closing the "rent-a-bank" loophole to bypass state regulations on usury caps
Increased supervision and enforcement of BNPL and EWA
Eliminating excessive banking fees, including overdraft
Lender robosigning on collections for consumer credit
CFPB rules of practice for adjudication proceedings
Review merger of TD Bank
Principles for responsible consumer and small business loans to prevent predatory lending
Review and regulation of "junk fees"
CFPB Examination of Nonbank mortgage, private loan, and payday loan entities
Applicability of CFPB 1071 Rule to Farm Credit System
Mandatory arbitration by credit monitoring agencies on reportable FCRA/FCBA complaints
Urge CFPB reexamination of current late fee safe harbor amounts on credit cards
H.R.5912 - Close the ILC Loophole Act, a bill to reform the regulation of industrial loan companies and their parent companies
H.R.5974 / S.2508 - Veterans and Consumers Fair Credit Act, a bill to amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers
S. 2677 - Stop Overdraft Profiteering Act, a bill to prohibit depository institutions from engaging in certain acts in connection with overdraft coverage
S. 345 / H.R. 4277 - Overdraft Protection Act, a bill to prohibit a financial institution from engaging in unfair or deceptive acts in connection with overdraft coverage
H.R. 2543 - FFederal Reserve Racial and Economic Equity Act, a bill to address access to financial services, diversity in various financial institutions and establishments, and other related issues
H.R.6889 - Credit Union Board Modernization Act, a bill to amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes
Nomination of Michael Barr to the Federal Reserve Board of Governors
Namination of Lael Brainard to Federal Reserve Board of Governors
Nomination of Lisa Cook to the Federal Reserve Board of Governors
Nomination of Todd Harper to the National Credit Union Administration
17. House(s) of Congress and Federal agencies Check if None
Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Natl Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), Treasury - Dept of, Federal Reserve System, U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code HOU
16. Specific lobbying issues
Homeowner Assistance Fund, reviewing implementation and challenges
Implementation and potential revisions to the Community Reinvestment Act
Automated Valuation Models (AVM)
Servicing of pandemic related forclosure assistance
Urging revisions and support for Home Mortgage Disclosure Act requirements
Defect taxonomy for servicing FHA loan reviews
FHA proposalto allow for 40 year loan modification
Reducing mortgage insurance premiums as a new step in loss mitigation
Reducing mortgage insurance premiums for new loan originations
Extending unused VA home loan guarantee benefits to veterans descendants to narrow the racial homeownership gap
Enhancements to FHA's COVID loss mitigation waterfall to address rising interest rates
Improvements to the mortgage servicing process
H.R. 68 - Housing Fairness Act, a bill to expand efforts to detect and address housing discrimination
H.R. 449/S.2920 - Downpayment Toward Equity Act, a bill to provide downpayment assistance to first-generation homebuyers to address multigenerational inequities in access to homeownership and to narrow and ultimately close the racial homeownership gap in the United States, and for other purposes
S.1684 - Federal Home Loan Bank's Community Financial Institutions Expansion Act, a bil to strengthen the ability of the Federal Home Loan Bank system to provide financing
H.R. 8328 - Fair Manufactured Housing Lending Act, a bill to amend the Truth in Lending Act to include retailers of manufactured or modular homes in the definition of mortgage originator, and for other purposes
H.R. ___ - Preventing Unfair Foreclosures Act of 2022, a bill to improve the mortgage servicing process for homeowners by providing additional protections with the goal of ensuring homeowners can remain in their homes whenever possible, and for other purposes.
Nomination of Sandra Thompson to the Federal Housing Finance Agency
Nomination of Julia Gordon to the Federal Housing Administration
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Housing & Urban Development - Dept of (HUD), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Veterans Affairs - Dept of (VA)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code BUD
16. Specific lobbying issues
Funding for first generation downpayment assistance in FY24 HUD budget & possible funding in FY23 appropriations
H.R.___ / S.___ - Build Back Better (budget reconciliation), Inclusion of down payment assistance program
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Office of Management & Budget (OMB)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code EDU
16. Specific lobbying issues
Improvements to the Federal Public Service Loan Forgiveness Program
Extension of pandemic related pause on payments to Federal Student Loans
Cancellation of federal student loan debt
Income Share Agreements, enforcement of consumer protections on alternative college financing products
H.R. 7729 - CFPB Student Loan Integrity and Transparency Act of 2022, a bill to require the Student Loan Ombudsman of the Department of Education to provide student loan data to the Bureau of Consumer Financial Protection, and for other purposes
H.R. 7727 - Accountability in Student Loan Data Act, a bill to revise the method for calculating a cohort default rate and to establish penalties for institutions of higher education that have a certain percentage of graduates who default on their student loans
H.R. ___ - Student Loan Literacy Act of 2022, a bill to establish a grant program for States to fund community-based nonprofit student loan consumer assistance programs, and for other purposes.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Education - Dept of, Office of Management & Budget (OMB), Housing & Urban Development - Dept of (HUD)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code SMB
16. Specific lobbying issues
Expanded forgiveness of Paycheck Protection Program (PPP) loans
Implementation of Sect. 1071 of Dodd-Frank Act, data collection on small business lending
H.R. 6054 -the Small Business Lending Disclosure Act of 2021, a bill apply commercial lending protections to small business lending and extend the CFPB's regulatory authority to include small business financing
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Small Business Administration (SBA), Consumer Financial Protection Bureau (CFPB), Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code CSP
16. Specific lobbying issues
CFPB authority and funtions, related to structure and supervision, research and enforcement priorities
Consumer Credit Reporting, reform of credit bureaus and specialty reporting agencies to ensure fairness and accuracy
FTC renforcement on automobile sales and financing
FTC rulemaking on auto dealer practices related to spot delivery and yo-yo misconduct
H.R. 7394 - Women in Criminal Justice Reform Act, a bill to provide for improvements in the treatment of women in the criminal justice system
S.___ - draft legislation that updates limits on wage garnishment
S.___ - Fair Access to Financial Services Act, legislation to extend consumers a private right of action for discrimination in access to financial services
Nomination of Alvaro Bedoya to the Federal Trade Commissioner
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Securities & Exchange Commission (SEC), Office of Management & Budget (OMB), Federal Trade Commission (FTC), Office of the Comptroller of the Currency (OCC), Labor - Dept of (DOL)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code FIN
16. Specific lobbying issues
Dept of Treasury - CDFI Fund, Small Dollar Loan Program & PPP forgiveness
CDFI certification requirements, and the role of CDFIs in expanding financial inclusion
Development of a Central Bank Digital Currency
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
David |
Ferreira |
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Special Assistant, U.S. Department of Energy, Schedule C appointee 1998-2000 |
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
Information Update Page - Complete ONLY where registration information has changed.
20. Client new address
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21. Client new principal place of business (if different than line 20)
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22. New General description of client’s business or activities
LOBBYIST UPDATE
23. Name of each previously reported individual who is no longer expected to act as a lobbyist for the client
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ISSUE UPDATE
24. General lobbying issue that no longer pertains
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AFFILIATED ORGANIZATIONS
25. Add the following affiliated organization(s)
Internet Address:
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Principal Place of Business (city and state or country) |
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26. Name of each previously reported organization that is no longer affiliated with the registrant or client
| 1 | 2 | 3 |
FOREIGN ENTITIES
27. Add the following foreign entities:
| Name | Address |
Principal place of business (city and state or country) |
Amount of contribution for lobbying activities | Ownership percentage in client | ||||||||||
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28. Name of each previously reported foreign entity that no longer owns, or controls, or is affiliated with the registrant, client or affiliated organization
| 1 | 3 | 5 |
| 2 | 4 | 6 |
CONVICTIONS DISCLOSURE
29. Have any of the lobbyists listed on this report been convicted in a Federal or State Court of an offense involving bribery,
extortion, embezzlement, an illegal kickback, tax evasion, fraud, a conflict of interest, making a false statement, perjury, or money laundering?
| Lobbyist Name | Description of Offense(s) |