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Payday loan providers throw millions at effective politicians to have their means

Payday loan providers throw millions at effective politicians to have their means

Payday loan providers are investing millions of dollars in Washington so as to stop the government from breaking straight straight down in the industry.

And it also is apparently working.

Considering that the start of 2013, high-cost creditors and people with ties to your industry have actually invested a lot more than $13 million on lobbying and campaign contributions to at the least 50 lawmakers, based on an innovative new report through the nonprofit People in america for Financial Reform.