News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Monday, September 11, 2006
Payday Lenders funding Arkansas Democrats
According to research conducted by Arkansans Against Abusive Payday Lending and reviewed by Arkansas Business, known owners and operators of payday lending stores have funneled more than $60,000 into political campaigns for the 2006 election cycle, almost all of which went to the Arkansas Democratic Party or to Democratic candidates. ... With $36,800 in donations, the Arkansas Democratic Party is the biggest political beneficiary of payday lenders for the 2006 election cycle. Next in line are specific Democratic candidates: Dustin McDaniel, the party?s nominee for attorney general, and incumbent Rep. Mike Ross each received $10,000. Attorney general and gubernatorial hopeful Mike Beebe received $4,000.
According to Peggy Matson, executive director of the State Board of Collection Agencies charged with regulating payday lenders in Arkansas, these lenders are currently not subject to the Check Cashers Act of 1999, the controversial law that allowed the payday lending practice to expand throughout the state. Read more ...
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1 Comments:
Read Asa Hutchinson's position on Cracking Down On Abusive Predatory Lending http://www.asaforgovernor.org/get-informed/Issues/issue.aspx?IssueID=26
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