Lobbying expenditures from the payday loan industry more than doubled from $2,045,000 in the 109th Congress to $4,182,550 in the 110th Congress, according to a new report from Citizens for Responsibility and Ethics in Washington (CREW).
The report, released Tuesday, finds that federal campaign donations by the employees and political action committees of 13 industry companies and trade associations “jumped 80% between the 2006 and 2010 midterm election cycles.”
The top three recipients, and five of the top nine, were Democrats–not particularly surprising, perhaps, because the Democrats were in charge during the last Congress, but discouraging for a party that’s supposed to be on the side of consumers. It will be interesting to see how things change this cycle.
The full report is here.