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Previously:

Campaign Finance: a brand spanking new committee rakes it in (November 23, 2011)

….That’s $148,000.00 in one fell swoop. What’s it all about?…

….Uh, this wouldn’t be about payday loans, would it? We might be able to find out once the filing paperwork becomes available online at the Ethics Commission….

Today, at the Missouri Ethics Commission:

C111201 11/30/2011 STAND UP MISSOURI Security Group, Inc. P.O. Drawer 811 Spartanburg SC 29304 11/29/2011 $48,000.00

C111201 11/30/2011 STAND UP MISSOURI Wallace Management Co. 328 E. Carl Albert Pkwy. McAlester OK 74501 11/29/2011 $20,000.00

In their Statement of Committee Organization [pdf], filed with the Missouri Ethics Commission, Stand Up Missouri states that they oppose Initiative Petition 2012-66.

From the Missouri Secretary of State:

Statutory Amendment to RSMo Chapters 367 and 408, Relating to Payday, Title, Installment, and Consumer Credit Loans, version 3

2012-066

OFFICIAL BALLOT TITLE AS CERTIFIED BY

SECRETARY OF STATE

Shall Missouri law be amended to limit the annual rate of interest, fees, and finance charges for payday, title, installment, and consumer credit loans and prohibit such lenders from using other transactions to avoid the rate limit?

State governmental entities could have annual lost revenue estimated at $2.5 to $3.5 million that could be partially offset by expenditure reductions for monitoring industry compliance. Local governmental entities could have unknown total lost revenue related to business license or other business operating fees if the proposal results in business closures.

Uh, yep it’s about payday loans. The latest group of contributors:

Security Finance. We are a consumer loan company headquartered in Spartanburg, S.C….

At Wallace Management Group, we help companies remove their obstacles to sales productivity….

Previously:

Campaign Finance: big bucks for a payday loan PAC (August 20, 2011)

Campaign Finance: Isn’t that interest(ing)? (August 24, 2011)

Campaign Finance: Payday loans get the big bucks, again (September 27, 2011)

Campaign Finance: Payday loans get the big bucks, again – part 2 (November 10, 2011)

Campaign Finance: a brand spanking new committee rakes it in (November 23, 2011)