With Daniel Lippman
NEW BUSINESS: Fintech startup Plaid has retained its first lobbying firm in Washington. Tiger Hill Partners’ Milan Dalal will represent the company, which retrieves bank and brokerage account data on behalf of apps such as Venmo, Acorns and Betterment, lobbying the Consumer Financial Protection Bureau as the agency works to craft open banking regulations called for in the Dodd-Frank Act. President Joe Biden reiterated the urgency for a shift toward open banking in his July executive order on targeting anti-competitive practices in numerous industries across the country. Dilal is a former top aide on the Senate Banking Committee.
— Plaid is the latest fintech firm to sign with Tiger Hill over the last year. The firm also represents fintechs Chime, XTX Markets, Bluevine and the Financial Technology Association, a newly formed trade group representing more than a dozen fintech firms, including Plaid. Tiger Hill just added GOP lobbyist Alexander Grieve of the Depository Trust & Clearing Corporation as a vice president to help grow its fintech practice.
— Dilal also represents cryptocurrency exchange Coinbase, which has added its third new outside firm since August — and its fourth total — newly filed disclosures show. The latest is a team from Rich Feuer Anderson that includes John Anderson, a former aide to Senate Finance ranking member Mike Crapo (R-Idaho); Amanda Slater, a former aide to Sen. Tom Carper (D-Del.); Jared Sawyer, a former deputy…