JPMorgan Chase Increased Lobbying Activity in Third Quarter
The nation’s largest bank, which has just agreed to pay $13 billion to settle government lawsuits over mortgage-backed securities, reported it increased its lobbying efforts during the third quarter.
JPMorgan Chase & Company reported it spent $1,430,000 during the third quarter, which was an increase from the $1,270,000 spent in the second quarter. The bank lobbied the Department of the Treasury, the Federal Reserve, the Federal Deposit Insurance Commission, the Office of the Comptroller of the Currency, the Department of Housing & Urban Development, the Federal Housing Finance Board, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the U.S. Senate, and the U.S. House of Representatives. Their report detailed their specific lobbying issues.
Large banks, in general, reported they lobbied on derivatives and credit default swaps, capital leverage matters, Terminating Bailouts and Taxpayer Fairness Act, private student lending, housing finance reform, money market reform, large bank regulations, Dodd-Frank implementation, active finance income and international tax reform, cybersecurity, immigration, among others issues.
The Top Banks Spending on Lobbying in the Third Quarter: