Live from the 119th Congress

Financial Services

By Legisletter Editors·Updated 12 hours ago

Banking, insurance, housing finance, and fintech bills are moving on every front this Congress — CFPB rule disapprovals, payment-privacy standards, credit-union modernization, bank-fintech partnership frameworks, insurance data protection, and low-income housing credit expansion. Seventeen bills in this pillar cover the full spectrum of consumer-finance and industry regulation. Track every one, and mobilize constituent pressure.

17 tracked billsSubscribeRSS
The state of play

Three fault lines shape this pillar. First, CFPB oversight — the Repealing Big Brother Overreach Act leads at 189 cosponsors, pushing back on agency data-collection requirements; SJRES 18 similarly targets a specific CFPB rule via the Congressional Review Act. Second, consumer protection and privacy — Protecting Privacy in Purchases, Insurance Data Protection (House and Senate companions), the DETECT Act, and Flood Insurance for Farmers all expand protections for individuals and small businesses dealing with financial firms. Third, industry modernization — Credit Union Board Modernization, Bank-Fintech Partnership Enhancement, Main Street Capital Access, and Protecting Private Job Creators reshape how specific financial firms operate, raise capital, and compete.

The through-line: the cosponsor counts cluster where a bill pairs industry-specific language with a concrete consumer benefit. The Affordable Housing Credit Improvement Act (164) and More Homes on the Market Act (110) both use tax-credit levers to address housing supply — reform and industry together. The HELPER Act (117) and Incentivize Savings Act (69) target specific household-finance mechanisms. Bills with narrower industry scope (insurance data, fintech partnerships) pull smaller cosponsor lists but track faster through committee.

Featured speech

Rep. French Hill slams CFPB rule capping bank overdraft fees

Rep. French Hill·Apr 12, 2025·S.J.Res. 18

House Financial Services Chair French Hill on the Congressional Review Act resolution to overturn the CFPB's overdraft cap rule — the Financial Services pillar's direct CFPB-oversight frame. Pairs with the Repealing Big Brother Overreach Act (189 cosponsors), the pillar's lead bill.

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The bills

What Congress is working on

Active in Congress5 bills
In Committee11 bills
Editorial

Bills at a glance

Original illustrated briefings for the pillar's most-tracked bills. Tap a card to read the full analysis.

Where Congress stands

How members have signed on

Ranked by bill-level activity — sponsor or cosponsor of the pillar's bills that ease compliance burden and industry regulation (Big Brother Overreach repeal, Credit Union Modernization, Main Street Capital Access, Private Job Creators, Bank-Fintech Partnership) vs. those that strengthen consumer protections and data standards (Payment Privacy, Insurance Data Protection, Flood Insurance, DETECT Act, Corporate Bonus deduction cap).

Activity weights: sponsor = 10 points, cosponsor = 3 points. A legislator appears in the cluster where their score is highest. Number next to each name is how many pillar bills in that camp they're on.

Follow the money

Who's lobbying these bills

Lobbying on this pillar splits four ways: banks and credit-union trade groups; fintech, payments, and nonbank financial firms; insurance and asset-management companies; and consumer finance and privacy advocacy groups. Each camp files on most major bills, often from different angles.

Banks and credit-union trade groups

· Preserving current compliance frameworks

The American Bankers Association (ABA), Bank Policy Institute (BPI), Credit Union National Association (CUNA, now America's Credit Unions), Independent Community Bankers Association (ICBA), and Mortgage Bankers Association (MBA) file on CFPB rule reviews, credit-union modernization, capital-access bills, and housing finance. Corporate filers include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and regional banks. They often coordinate on any bill that modifies bank-regulatory agency authority.

2 filers · spend bundled into broader disclosures
  • Filed
    max quarter
    CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONS
    H.R. 2094
  • Filed
    max quarter
    INDEPENDENT COMMUNITY BANKERS OF AMERICA
    H.R. 6552

Fintech, payments, and nonbank lenders

· Supporting bank-fintech interoperability

The Financial Technology Association (FTA), American Fintech Council, Electronic Transactions Association (ETA), and Innovative Payments Association file on bank-fintech partnerships, payment-processing rules, chartering, and consumer credit access. Corporate filers include PayPal, Stripe, Square (Block), Plaid, Affirm, SoFi, and Robinhood. Often favor bills that let fintech firms scale via bank partnerships without full bank-charter regulation.

1 filer · spend bundled into broader disclosures
  • Filed
    max quarter
    AMERICAN FINTECH COUNCIL

    Trade association representing the largest fintech companies and innovative BaaS banks

    H.R. 6552

Insurance and asset-management industries

· Preserving industry-specific regulatory frameworks

The American Council of Life Insurers (ACLI), National Association of Insurance Commissioners (NAIC) contacts, Investment Company Institute (ICI), SIFMA, and Property Casualty Insurers Association file on insurance data protection, flood insurance, retirement savings, and securities bills. Corporate filers include Prudential, MetLife, Travelers, Allstate, BlackRock, Vanguard, Fidelity, and State Street. Often file distinctly from bank camp because solvency and rate rules differ.

2 filers · $50K max quarterly spend across this camp
  • $50K
    max quarter
    NATIONAL ASSOCIATION OF REALTORS

    Trade Association

    H.R. 1340

Consumer finance and privacy advocates

· Supporting stronger consumer protections

Center for Responsible Lending, National Consumer Law Center (NCLC), Americans for Financial Reform (AFR), Consumer Federation of America (CFA), National Community Reinvestment Coalition (NCRC), Public Citizen, and EPIC file on CFPB, payment privacy, consumer-credit access, and financial-data protection. Often partner with state attorneys general on rule implementation.

1 filer · spend bundled into broader disclosures
  • Filed
    max quarter
    AMERICANS FOR FINANCIAL REFORM
    H.R. 3959

Source: Senate Lobbying Disclosure Act filings (lda.senate.gov), 38 unique filers across these 17 bills. Dollar amounts are the highest quarterly spend reported on any filing that named one of these bills — not a total.

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Written by
Legisletter Editors

Legisletter is a grassroots advocacy platform tracking federal policy — and the impact it lands on everyday Americans.

Data sources: congress.gov · govinfo.gov · lda.gov · sec.gov

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