Payday lending industry offers big A statue of young ones outside of the Roundhouse in Santa Fe.

Payday lending industry offers big A statue of young ones outside of the Roundhouse in Santa Fe.

Heath Haussamen / Brand New Mexico Thorough

A statue of kiddies away from Roundhouse in Santa Fe.

Storefront financing businesses and affiliated associations provided almost $140,000 to New Mexico general general public officials and action that is political in 2013 and 2014, in accordance with an analysis of information through the brand New Mexico Secretary of State’s workplace.

The majority of that — $115,805 — went along to a large number of elected officials, including Republican Gov. Susana Martinez, Democratic Attorney General Hector Balderas and much more than 1 / 2 of the people in the brand new Mexico Legislature, Democrats and Republicans alike.

The 18 businesses and associations additionally provided $23,333 to action that is political closely associated with Democrats and Republicans, a fresh Mexico In Depth analysis shows.

The industry’s spending offers understanding of the fight that is ongoing the Roundhouse over whether or not the state should cap at 36 per cent the attention price such loan providers may charge. Continue reading “Payday lending industry offers big A statue of young ones outside of the Roundhouse in Santa Fe.”