Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 01/74
John
Warner
U.S. Senate · R-VA
Taken from the card industry
$650,773
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 01/74
Credit Cards$337,745
Card-Issuing Banks$313,028
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 1 of 74 · tap the card to see who they work for
Beyond the check
The check is only the part you can see.
They took
$650,773
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Before the Senate
Practiced banking law and married into the Mellon banking family.
Source: Encyclopedia Virginia
The industry figure is lobbying spent on the bill, not a payment to this senator. Source: contemporary reporting (NBER; PBS Frontline). Everything here is documented public record; nothing alleges an illegal act.
Don't recognize a logo? Here's the key.
Credit Cards$337,745
Visa$123,900
Mastercard$112,900
Capital One$48,695
Discover$35,250
American Express$10,000
Consumer Bankers Assn$7,000
Card-Issuing Banks$313,028
JPMorgan$125,500
Wells Fargo$75,578
Citigroup$43,800
Am. Bankers Assn.$40,000
Am. Financial Services$16,500
Bank of America$11,650