PNC Bank spends $90,000 in 2nd quarter on lobbying on financial regulatory reform

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PNC Bank spends $90,000 on lobbying in 2nd quarter

NEW YORK — PNC Bank spent $90,000 to lobby the federal government on financial regulatory reform in the second quarter, according to a disclosure report.

That’s nearly half of the $170,000 the Pittsburgh-based bank spent a year earlier.

For the first six months of the year, PNC spent $160,000 on lobbying as financial regulations came to the forefront of the national agenda.

That made its lobbying expenditures ninth among the 10 banks that received the most money under the Troubled Asset Relief Program, or TARP.

PNC’s parent, The PNC Financial Services Group Inc., received $7.6 billion under the program, which it paid back in February.

PNC’s lobbyists spoke to members of Congress about various aspects of the financial regulatory overhaul that President Barack Obama signed in July. They also discussed small business lending and mortgage modification programs, according to the report the bank filed July 20 with the House clerk’s office for April through June.