Payday Loan Industry Doubles Lobbying Expenditures

[upstatecajun]

Source: TPM

Lobbying expenditures from the payday loan industry more than doubled from $2,045,000 in the 109th Congress to $4,182,550 in the 110th Congress, according to a new report from Citizens for Responsibility and Ethics in Washington (CREW).

The report, released Tuesday, finds that federal campaign donations by the employees and political action committees of 13 industry companies and trade associations "jumped 80% between the 2006 and 2010 midterm election cycles."



Read more: http://tpmmuckraker.talkingpointsmemo.com/2011/03/payday_loan_industry_doubled_lobbying_expenditures.php?ref=fpi

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http://www.facebook.com/pages/The-Liberal-Ohioan/195130570504421

[liberal N proud]

1. Helping the republicans drain the people of their cash

[indimuse]

2. Greedfest 2011!

..puke..

[sakabatou]

4. I feel the same.

[HowHasItComeToThis]

3. THESE PEOPLE SHOULD BE HUNG

[GKirk]

8. Them and the...

..rent to own bastards.

Folks if you can't afford that new couch right now, save your money and buy one in a few months.

[Skink]

5. the retail sector uses a form of payday loans for payroll.

that in itself shows how bad things are.

[DeSwiss]

6. These people are vermin. K&R - n/t

[PA Democrat]

10. Seriously. Loan sharks probably charge lower interest rates.

[Seedersandleechers]

7. I guess those high dollar bribes do work.

[WHEN CRABS ROAR]

9. The other half of the story is, who are the big players in

the payday loan industry? Names please, I have heard Bank of America mentioned, but I really don't know.

[fittosurvive]

11. Pawnshop businesses have become rather sophisticated over the years.