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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, #500 |
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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 | 2010 |
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 | |
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. | ||||||||
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 |
Signature | Digitally Signed By: Michael D. Calhoun, President |
Date | 04/20/2010 |
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
Lobbying issues were: CFPA (encouraging Congress to create an effective federal consumer-focused banking regulator); credit cards (encouraging Congress to speed up the implementation of the Federal Reserve's new regulations and to add additional consumer protections); overdraft loans (encouraging Congress to implement restrictions on abusive overdraft practices); payday loans (encouraging Congress to pass a 36% rate cap on consumer loans); [continued on next page]
[continued from previous page] mortgage lending (encouraging Congress to prohibit abusive products and practices); mortgage loan modifications (encouraging Congress to provide incentives for servicers to modify loans to prevent foreclosures)
Specific legislation that was subject of lobbying activity:
S61: Helping Families Save their Homes in Bankruptcy Act of 2009
(to allow for judicial loan modification for primary residences through the bankruptcy code)
S257: Consumer Credit Fairness Act
(to require the bankruptcy court to disallow any claim arising from an abusive high cost consumer credit transaction)
S414: Credit Card Accountability Responsibility and Disclosure Act of 2009
(to create consumer protections against credit card abusive practices)
S500: Protecting Consumers from Unreasonable Credit Rates Act of 2009
(to create a federal 36% APR usury cap)
S566: Financial Product Safety Commission Act of 2009
(to create a single agency to have strong rulewriting and enforcement authority in consumer financial transactions)
S585: Taxpayer Abuse Prevention Act
(to provide additional protections for recipients of the earned income tax credit)
S1799: FAIR Overdraft Coverage Act of 2009
(to create federal protections against abusive and unfair overdraft practices)
S2824: Amendment to Community Development Banking and Financial Institutions Act of 1994 to establish a small dollar loan-loss guarantee fund, and for other purposes
(to establish a small dollar loan-loss guarantee fund that insures fair and affordable small dollar loans)
HR200: Helping Families Save Their Homes in Bankruptcy Act of 2009
(to allow for judicial loan modification for primary residences through the bankruptcy code)
HR225: Emergency Homeownership and Equity Protection Act
(to allow for judicial loan modification for primary residences through the bankruptcy code)
HR627: Credit Cardholders' Bill of Rights Act of 2009
(to create consumer protections against credit card abusive practices)
HR1106: Helping Families Save their Homes Act of 2009
(to allow for judicial loan modification for primary residences through the bankruptcy code)
HR1214: Payday Loan Reform Act of 2009
(to limit the most abusive aspects of payday loans)
HR1456: Consumer Overdraft Protection Fair Practices Act
(to create federal protections against abusive and unfair overdraft practices)
HR1608: Protecting Consumers from Unreasonable Credit Rates Act of 2009
(to create a federal 36% APR usury cap)
HR1637: Universal Default Prohibition Act of 2009
(to eliminate universal increases in interest rate on a credit card when cardholders default on accounts with other creditors)
HR1705: Financial Product Safety Commission Act of 2009
(to create a single agency to have strong rulewriting and enforcement authority in consumer financial transactions)
HR1728: Mortgage Reform and Anti-Predatory Lending Act
(to protect consumers against abusive, unfair, or deceptive practices in the mortgage marketplace)
HR1782: Fairness for Homeowners Act of 2009
(to protect consumers against abusive, unfair, or deceptive practices in the mortgage marketplace)
HR1846: Consumer Lending Education And Reform Act
(opposed the mere disclosure of abusive terms in payday loans and favored substantive consumer protections)
HR2309: Consumer Credit and Debt Protection Act
(to grant the FTC expedited rule-making authority)
HR2563: Payday Lending Reform Act of 2009
(opposed the mere disclosure of abusive terms in payday loans and favored substantive consumer protections)
HR3126: Consumer Financial Protection Agency Act of 2009
(to create a single agency to have strong rulewriting and enforcement authority in consumer financial transactions)
HR3639: Expedited CARD Reform for Consumers Act of 2009
(to move up the effective date of the Credit CARD Act to December 1, 2009)
HR3904: Overdraft Protection Act of 2009
(to create federal protections against abusive and unfair overdraft practices)
HR4173: The Wall Street Reform and Consumer Protection Act of 2009
(to create a single agency to have strong rulewriting and enforcement authority in consumer financial transactions)
HR4229: Borrowers' Right to Inspect Closing Documents Act of 2009
(to require more timely delivery of loan and closing documents to borrower)
Senate regulatory reform draft bill (not yet introduced)
(to create a single agency to have strong rulewriting and enforcement authority in consumer financial transactions)
Senate payday alternatives amendment (not yet introduced)
(to create an alterative for abusive small-dollar loans)
Senate FDIC payday standard (not yet introduced)
(to create consumer protections for payday loan borrowers)
Executive branch agencies and issues:
Federal Reserve - Truth In Lending rescission rules
Dept. of Treasury - Consumer Financial Protection Agency
FDIC
GAO
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Federal Deposit Insurance Commission (FDIC), Federal Reserve System, Treasury - Dept of, Government Accountability Office (GAO)
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 |
Lisa |
Ransom |
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Susanna |
Montezemolo |
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Ellen |
Harnick |
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Kathleen |
Keest |
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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:
Name | Address |
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 |