ACDR Hires Mindset Advocacy for Financial Services Lobbying

Why It Matters

Association for Consumer Debt Relief (ACDR) is being represented by Mindset Advocacy LLC on issues related to Financial Institutions, Investments, and Securities. The organization registered as a new lobbying client on July 31, marking its entry into direct federal advocacy.

Broader Context

Medical debt has emerged as a focal point in Congress. Over 20 million people in the U.S. struggle with medical debt, with an estimated 280,000 Connecticut residents reporting medical debt annually. Sen. Richard Blumenthal (D-CT) introduced the Medical Debt Relief Act alongside co-sponsors Sen. John Fetterman (D-PA), Sen. Peter Welch (D-VT), Sen. Raphael Warnock (D-GA), and Sen. Kirsten Gillibrand (D-NY). The bill codifies a Consumer Financial Protection Bureau (CFPB) rule that removed medical debt from credit reports for 15 million people.

The Bottom Line

Mindset Advocacy assigned five lobbyists to the account: principals Zach Ostro, Scott Shewcraft, Kate Bonner, and Anna Yanker.

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