New reports say that while new credit card legislation was being hammered out, Visa spent nearly $1.53 million dollars toward lobbying the federal government during the second quarter. This is a 14 percent increase from the amount the credit card giant spent in 2009 and a $1.12 million leap from the amount it spent in the first quarter of 2010. Overdraft coverage and the creation of the Consumer Financial Protection Bureau were just two aspects of the new legislation that Visa lobbied hard against, according to the Associated Press. The last phase of the Credit Card Accountability, Responsibility and Disclosure Act that went into effect on August 22 is now providing consumers with more transparency and protection against issuers across the country. According to the report filed with the House clerk’s office, Visa challenged Congress, the Federal Reserve Board and the Federal Trade Commission. Under the new credit card legislation, issuers are no longer allowed to spike interest rates and fees, protecting consumers from mounting debt. Companies have been forced to rely on other sources of income, such as cash-advance fees.