Tuesday, February 28, 2012

Payday Lender Bill Died in Committee SB110 $113,960.00 contributions to legislators


City Weekly.net Photo of Senator Ben McAdams.


I have taken several weeks to try to find all the campaign donors to post this bill.  This
Is NOT an Inclusive list of payday lenders, but only the obvious ones from their names.
If you know the names of payday lenders contributing to elected officials in Utah please post the name in the comments of this post.

SB110, sponsored by Sen. Ben McAdams, D-Salt Lake City, limited payday lenders in where they can sue delinquent borrowers.  79% of all small-claims cases at the Fourth District Court in Provo are filed by payday lenders.  SB110 required payday lenders to file in the court closest to where the payday loan application was made.

The following corporations and PACs donated AT LEAST $113,960.00 to Utah elected officials between 2008 and 2011.  Note this does not include 2012 donations.
Utah Consumer Lending Association                                     2009             $31,000.00
Utah Consumer Lending Association                                     2008             $49,150.00
Cash America International, Inc. Fort Worth Tx                    2011                  7,500.00
Cash America International Ft. Worth Tx                              2008                $7,250.00
Check Into Cash Cleveland TN                                              2008                $7,700.00
Cottonwood Financial Ltd.  Irving  Texas                              2008             $10,000.00
Checksmart Financial Company  Dublin OH                         2011                $1,360.00
                                                                                                     Total       $113,960.00




The following breakdown shows how hard it is to trace who has the money:

Utah Consumer Lending 2009 Expenditures Breakdown
Utah Republican Party  3/5/2009                                                                $6,500.00
Utah Republican Party   12/24/2009                                                            $5,000.00
Republican House Caucus  3/25/09                                                              $2,500.00
Salt Lake County Republican Party 3/25/09                                               $5,000.00
Utah House Republican Party 4/1/09                                                           $4,000.00
House Democrats 5/21/09                                                                               $500.00
Friends of Gary Herbert 11/9/2009                                                           $10,000.00

Note Utah Consumer Lending Association only filed reports in 2008 and 2009.  What PAC had this money in 2010 and 2011?


The Senate Business and Labor Committee defeated this bill on Feb. 1, 2012.
C Bramble, D Hinkins, J Valentine, and K Van Tassell all voted against this bill.
G Davis, K Mayne and T Weiler voted in favor of the bill and S. Urquhart was absent.


SB110 votes le.utah.gov

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