JEFFERSON CITY – Payday lenders–known generally for making short- term loans with ultra-high interest rates to folks strapped for cash–have handed more than $1.6 million to Missouri lawmakers over the past decade.
The Kansas City Star, using information from the watchdog group Public Campaign, reports that payday lenders and their lobbyists contributed money to the campaigns of both Republicans and Democrats. The list includes Gov. Jay Nixon, a Democrat, and Rep. Tim Jones, a Republican expected to become House Speaker next year.
With $340,000 in donations, the payday lender to give the most to Missouri campaigns was QC Holdings Inc., which operates Quick Cash.