The Hill chose credit unions’ recent successful campaign to defeat the banks’ TAG extension as one of the top-10 lobbying victories of 2012. Google, Public Knowledge and Yahoo! earned top billing for their work opposing the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA).
Even as the extent of big bank profits from the 2008 bailout are revealed, four banks are suing the U.S. for $1 billion in tax credits. The banking industry is using these profits to spend record amounts lobbying lawmakers.
National credit union movement leaders say that the D.C. retail lobby is misleading congress and consumers as it pushes to cap interchange fees needed to keep the card payment system functional, affordable and safe.