The payday lending industry has donated tens of thousands of dollars to congressional Republicans who backed a lawsuit asking the U.S. Supreme Court to invalidate the Consumer Financial Protection Bureau's funding structure, a step that would give corporate-friendly GOP lawmakers an opening to gut the agency they've been targeting since its creation. A new report by the watchdog group Accountable.
member companies 'have histories of criminal behavior or involvement in corruption and ethics scandals, including racketeering convictions, Ponzi scheme payouts, and payments to disgraced politicians.' Rep. Bill Posey received $7,500 in campaign donations from the owners of the payday lending company Amscot Financial, a
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