Wednesday, March 19, 2014

Payday Lenders Already Got the Attention of Wisconsin State Legislators (and You Can Imagine How That Turned Out)

On May 20, 2013, Scott Walker received two $500 contributions from employees of PLS Financial Services.

And just look at all these $500 LoanMax contributions to Wisconsin Republican legislators and candidates in 2012 and 2013.   (A quote from the 2nd linked article in this paragraph.  But Vos said he didn't push the measure with the expectation that LoanMax and others might start contributing to his GOP candidates. "Of course not," he said. )

It didn't used to be this way, but apparently, enough Democrats listened to their consciences.

Meanwhile, just to our south......

Costly Loans Are Drawing Attention From States.  (The New York Times, 3/18/2014)

I guess she can't be bought.   The crackdown gained momentum on Tuesday when the Illinois attorney general, Lisa Madigan, accused All Credit Lenders of misleading borrowers into taking out expensive loans that come with insurance products that they do not need or cannot use.

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