Saturday, January 16, 2010
Payday loan interests pony up for Chris Koster
Following a pattern we have witnessed before, payday loan interests showed their affection for Attorney General Chris Koster Nov. 23 by contributing $6,000 to his campaign committee, in the form of 12 $500 contributions from different predatory loan companies.
Koster's fourth quarter disclosure report, filed Friday with the Missouri Ethics Commission, shows he received the $500 contributions from Doug Underwood, D&M Group president; Market Genomics, Cash America, Vincent Ney, Government Employees Credit Corp. president; T. C. Loan Service, North American Universal Management; John Thompson, Cashback Payday Loan executive; David Johnson, Strategic Link Consulting executive; SPD Financial Services; Kirk Chewning, Strategic Link Consulting executive; Joseph Fitzpatrick, TranDotCom executive; Willowbrook Management.
Of course the $6,000 from 12 smaller contributors is far more palatable than having the attorney general accept an oversized contribution from an industry he may have to challenge for violating state regulations at some point.
The $6,000 was not all Koster received from the payday loan industry, according to the report. On Nov. 11, the Online Cash Alliance provided $1,253.08 in the form of an "in-kind" contribution.
More information about Koster's previous relations with the payday loan industry can be found at this link.