• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Politics / Govt / Report shows big spending by payday lenders

Report shows big spending by payday lenders

March 1, 2010 By WRN Contributor

A new report indicates that the payday loan industry has been spending some big money with lawmakers.

The review by the Wisconsin Democracy Campaign shows the industry contributed nearly $30,000 to legislative campaign committees during the last half of 2009. Those came at the same time that the Legislature was considering new restrictions on lenders.

In one case, WDC director Mike McCabe says a contribution was made to a campaign committee controlled by Assembly Speaker Mike Sheridan just a day before he shot down a bill that would have capped interest rates on payday loans.

The Speaker has admitted that he was dating a lobbyist for the payday loan industry. Although, he says that relationship is now over and did not influence his position on the bill.

The Assembly did pass legislation last month to regulate the industry, but it did not include the cap opposed by the industry. McCabe says it appears those donations have been paying off.

AUDIO: John Colbert reports (:37)

wdcloanjr030210

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt



Featured Stories

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

Tommy Thompson announces he will not run for governor

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC