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LOBBYING REPORT |
Lobbying Disclosure Act of 1995 (Section 5) - All Filers Are Required to Complete This Page
2. Address
Address1 | 226 7th Street |
Address2 | #2 |
City | Washington |
State | DC |
Zip Code | 20002 |
Country | USA |
3. Principal place of business (if different than line 2)
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5. Senate ID# 318994-455
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6. House ID# 394150031
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TYPE OF REPORT | 8. Year | 2015 |
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. | ||||||||
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: Charlie Shipp |
Date | 10/19/2015 12:08:34 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
Improvements to the Federal Credit Union Act: (1) Designating non-owner occupied 1-4 family dwelling loans as residential rather than business loans. This would create parity between credit unions and banks. (2) Modernize maximum loan maturity restrictions. (3) Allow credit unions to hold investment grade securities in their own account. (4) Expand current exemption from the member business loan cap for the guaranteed portion of Small Business Administration Loans. (5) Clarify credit union participation in federal and state loan guarantee programs. (6) Provide the National Credit Union Administration (NCUA) additional flexibility in determining whether credit unions may continue to make member business loans when net worth falls before the "adequately capitalized" level. (7) allow the modernization of NCUA bylaw regulation. (8) Address credit union incidental powers similar to those available to banks in the National Bank Act (9) Clarify that credit unions can sell prepaid payment cards to persons in their field of membership. (10) Permit privately insured credit unions to apply to join the Federal Home Loan Bank. (11) Require a hearing and public comment opportunities on the NCUA budget.
The Capital Access for Small Business Jobs Act (HR 989) - The bill would allow certain credit unions to apply for authority to lend up to 27.5% of total assets for small business purposes.
Consumer Financial Protection Bureau Reform: (1) Expand and specify the CFPB exemption authority; (2) install a five member board to run the CFPB; (3) fund the CFPB through appropriations process; (4) increase the CFPB examination threshold; (5) require cost benefit analysis of CFPB proposals; (6) improve definition of rural and unserved areas; (7) enact the Mortgage Choice Act (HR 685); (8) raise the points and fees limit on qualified mortgages over $100,000; (9) standardize the definition of mortgage originator; (10) deem mortgages held in credit union portfolios as qualified; (11) codify the CFPB advisory council; (12) SBREFA Panels for all CFPB rules, including those transferred from other agencies
Other regulatory improvements - (1) enact examination fairness legislation; (2) ensure Federal Home Loan Bank membership requirements for banks and credit unions are the same; (3) stopping merchant data breaches; (4) amending privacy notice requirements to exempt financial institutions that have provided the required privacy requirements, and not changed its policies or practices since the most recent disclosure sent to consumers.
Capital Access for Small Community Financial Institutions Act of 2015 - allows privately insured federal credit unions to apply for membership in the Federal Home Loan Bank.
National Credit Union Administration (NCUA) Transparency (H.R. 2287): requires the NCUA to publish a draft budget and allow public comment.
Preserving Capital Access and Mortgage Liquidity Act (H.R. 2473): requires credit unions to receive equivalent treatment to similarly sized banks with respect of to the Federal Home Loan Bank Act, and the percentage of assets required to be dedicated to residential mortgage loans.
17. House(s) of Congress and Federal agencies Check if None
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 |
Katherine |
Cullen |
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Charles |
Shipp |
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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 |