WI Legislators Receive $24K in Campaign Contributions After Pushing ALEC Predatory Lending Bill
by Brendan Fischer — November 16, 2012 - 7:03am
Projects: ALEC Exposed
Wisconsin's effort to open the state to predatory lenders using American Legislative Exchange Council (ALEC) legislation has paid dividends for the ALEC legislators behind it.
In May of 2011, Rep. Robin Vos, the ALEC State Chair in Wisconsin and head of the powerful Joint Finance Committee, rolled a provision into the 2011-2012 budget bill resembling ALEC model legislation and that legalized auto title loans. Democrats voted against the provision, but it ultimately passed the Republican-led Finance Committee and state legislature.
Officials with Georgia-based title loan company LoanMax then gave over $24,000 in campaign contributions to Republican Assembly candidates, the Milwaukee Journal-Sentinel's Dan Bice reported this week.
LoanMax is a member of the ALEC Commerce, Insurance, and Economic Development Task Force and is a pioneer in the car title loan business.