October 31, 2017
LoanMax is the most generous contributor of the high-interest loan industry, donating $350,000 this election cycle.
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Campaign cash helps undermine efforts to create consumer protections.
Recent years have seen increased scrutiny of high-interest lenders, businesses that offer a variety of loans at interest rates that often exceed 300 percent. Now campaign finance disclosures show the industry is spreading its influence across the political spectrum with about $800,000 in political contributions this election cycle according to data from the Virginia Public Access Project.