The majority of that вЂ” $115,805 вЂ” went along to dozens of elected officials, including Republican Gov. Susana Martinez, Democratic Attorney General Hector Balderas and much more than 50 % of the people in the brand new Mexico Legislature, Democrats and Republicans alike.
The 18 organizations and associations additionally offered $23,333 to political action committees closely associated with Democrats and Republicans, a brand new Mexico In Depth analysis shows.
The industryвЂ™s spending offers understanding of the ongoing battle in the Roundhouse over perhaps the state should cap at 36 % the interest price such loan providers may charge. It reveals how money usually is important in politics.
Supporters of this cap say the rates loan providers eventually charge on some loans have been in more than 1,000 %, utilizing the average hovering around 350 %. Read more