Representative Vicky Hartzler (r) via Twitter:

Rep. Vicky Hartzler ‏@RepHartzler

Should Congress have a say on any final #IranDeal regarding Iran’s nuclear program? Take this poll to weigh in–> [….] 5:34 PM – 11 May 2015

And a single reply:

B Yates ‏@OldDrum

@RepHartzler Suggest for next poll: should we put no restrictions on predatory lenders aimed at the military? 9:16 AM – 12 May 2015

Yes, it all depends on the questions you ask:

Hartzler putting predatory lenders before the military (May 1, 2015)

“…House Committee Substitute for Senate Substitute for Senate Bill No. 694 appears to be part of a coordinated effort by the payday loan industry to avoid more meaningful reform. This I cannot support…”

Governor Jay Nixon (D) vetoed SB 694 today. His veto message [pdf]:

Governor of Missouri

[….]

July 10, 2014

TO THE SECRETARY OF STATE OF THE STATE OF MISSOURI

Herewith I return to you House Committee Substitute for Senate Substitute for Senate Bill No. 694 entitles:

AN ACT

To repeal sections 408.500, 408.505, and 408. 506, RSMo, and to enact in lieu thereof three new sections relating to unsecured loans of five hundred dollars or less, with penalty provisions.

I disapprove of House Committee Substitute for Senate Substitute for Senate Bill No. 694. My reasons for disapproval are as follows:

House Committee Substitute for Senate Substitute for Senate Bill No. 694 provides false hope of true payday lending reform while in reality falling far short of the mark. This bill cannot be called meaningful reform and does not receive my approval.

Supporters point to the lower cap on interest this bill would impose, but allowing payday lenders to charge 912.5% for a 14-day loan is not true reform. Supporters point to the requirement that payday lenders offer extended payment plans, but in states where payday lenders are required to offer such plans they are seldom used by borrowers. Supporters point to the legislation’s requirement for payday lenders to comply with “restrictions and prohibitions applicable to creditors contained in the federal Fair Debt Collection Practices Act,” but the Fair Debt Collection Practices Act does not apply to creditors, which renders this requirement hollow. Supporters point to the prohibition on loan rollovers, but missing from the legislation is anything to address the unfortunately all-to-common situation where someone living paycheck-to-paycheck is offered multiple loans by multiple lenders at the same time or is encouraged to take out back-to-back loans from the same lender.

Although some may contend that House Committee Substitute for Senate Substitute for Senate Bill No. 694 is an improvement over the status quo, it fails to protect consumers and fails to prevent the cycle of debt that payday lending perpetuates. Instead House Committee Substitute for Senate Substitute for Senate Bill No. 694 appears to be part of a coordinated effort by the payday loan industry to avoid more meaningful reform. This I cannot support.

In accordance with the above stated reasons for disapproval, I am returning House Committee Substitute for Senate Substitute for Senate Bill No. 694 without my approval.

Respectfully submitted,

s/

Jeremiah W. (Jay) Nixon

Governor

912.5% interest on a 14 day loan? Are there really people on this planet who think that’s reasonable? Wow.

Probably.

Today, at the Missouri Ethics Commission:

C131023 01/29/2014 MISSOURIANS FOR EQUAL CREDIT OPPORTUNITY Missourians for Responsible Government P O Box 45571 Kansas City MO 64171 1/28/2014 $395,000.00

[emphasis added]

That’s not much when compared to the business stakes.

Previously:

Campaign Finance: loan me your ear (December 17, 2013)

Campaign Finance: still at it (April 30, 2013)

Campaign Finance: I want to be a loan (November 26, 2012)

Campaign Finance: their thing (February 4, 2013)

Today, at the Missouri Ethics Commission:

C121485 01/13/2014 STAND UP MISSOURI Brundage Management Company, Inc 254 Spencer lane San Antonio TX 78201 1/13/2014 $16,500.00

[emphasis added]

Ironically, they appear to be contributing in installments.

Previously:

Campaign Finance: loan me your ear (December 17, 2013)

‘Tis the season.

In the last week, at the Missouri Ethics Commission:

C121485 12/09/2013 STAND UP MISSOURI World Acceptance Corporation P.O. Box 6429 Greenville SC 29606 12/9/2013 $38,000.00

C121485 12/10/2013 STAND UP MISSOURI Tower Loan of Mississppi, LLC P.O. Box 320001 Flowood MS 39232 12/10/2013 $19,000.00

C121485 12/16/2013 STAND UP MISSOURI Personal Finance Company, LLC 3612 W Lincoln Hwy PO Box 335 Olympia Fields IL 60461 12/16/2013 $6,000.00

C121485 12/16/2013 STAND UP MISSOURI Wallace Management Co. 328 E. Carl Albert Parkway McAlester OK 74501 12/16/2013 $11,500.00

[emphasis added]

From a year ago, same name, same address, different committee type and number:

C111201: Stand Up Missouri

308 E High St Ste 301 Committee Type: Campaign

Jefferson City Mo 65101

Established Date: 11/16/2011

Ballot Measures Election Date Subject Support/Oppose

Statutory Amendment To Rsmo Chapters 367 And 408, Relating To Payday, Title, Installment, And Consumer Credit Loans, 2012-066 11/06/2012 Consumer Credit Interest Rates, State Of Missouri Oppose

In the past the earlier committee wasn’t a fan of limiting the interest rates on payday, title, installment, and consumer credit loans. Fancy that.

Yep, two different committees:

MECID Committee Candidate Treasurer Deputy Treasurer Committee Type Committee Status

C121485 STAND UP MISSOURI ROBERT DALTON ANDREW FOLEY POLITICAL ACTION Active

C111201 STAND UP MISSOURI ROBERT DALTON ANDREW FOLEY CAMPAIGN Terminated

[emphasis added]

Fancy that.

Previously:

Campaign Finance: still at it (April 30, 2013)

Campaign Finance: I want to be a loan (November 26, 2012)

Campaign Finance: their thing (February 4, 2013)

…by a really large contribution from a single source.

Today, at the Missouri Ethics Commission:

C131023 10/25/2013 MISSOURIANS FOR EQUAL CREDIT OPPORTUNITY Missourians for Responsible Government P O Box 45571 Kansas City MO 64171 10/24/2013 $395,000.00

[emphasis added]

Imagine all the work if the had to raise that amount of money ten dollars at a time. Efficiency.

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: the payday loan campaign contribution broken record continues… (January 6, 2012)

Campaign Finance: if your name was Payday Loans you’d be in the money (March 2, 2012)

Campaign Finance: pouring even more money into defending payday loans (March 22, 2012)

Campaign Finance: Orwell would be so proud (April 12, 2012)

Campaign Finance: Orwell would be so proud – part 2 (April 23, 2012)

Campaign Finance: payday loans – all in (April 25, 2012)

Campaign Finance: another payday loan jackpot (June 11, 2012)

Campaign Finance: don’t rinse, repeat (July 27, 2012)

Previously:

Campaign Finance: their thing (February 4, 2013)

Campaign Finance: I want to be a loan (November 26, 2012)

Campaign Finance: Really? (December 7, 2011)

Today, at the Missouri Ethics Commission:

C121485 08/12/2013 STAND UP MISSOURI Brundage Management Company, Inc 254 Spencer lane San Antonio TX 78201 8/12/2013 $8,250.00

C121485 08/12/2013 STAND UP MISSOURI World Acceptance Corporation PO box 6429 Greenville SC 29606 8/12/2013 $19,000.00

C121485 08/12/2013 STAND UP MISSOURI Tower Loan of Mississppi, LLC PO box 320001 Flowood MS 39232 8/12/2013 $9,500.00

C121485 08/12/2013 STAND UP MISSOURI Security Group Inc PO drawer 811 Spartanburg SC 29304 8/12/2013 $11,750.00

[emphasis added]

It’s not like anyone’s paying attention:

….Anyone interested in some posts on campaign finance?

Previously:

Campaign Finance: I want to be a loan (November 26, 2012)

Campaign Finance: their thing (February 4, 2013)

Yesterday, at the Missouri Ethics Commission:

C121485 04/29/2013 STAND UP MISSOURI Security Group Inc P.O. Drawer 811 Spartanburg SC 29304 4/29/2013 $5,875.00

[emphasis added]

….Stand Up Missouri does not represent payday lending or payday interests. The coalition does not accept funding from any organization associated with payday lending and strictly represents the interests of traditional consumer installment lenders.

Heh. Sandra Day O’Connor had a really good day yesterday, too.

Today, at the Missouri Ethics Commission:

C121485 02/04/2013 STAND UP MISSOURI National Installment Lenders Association P.O. Box 65615 Washington DC 20035 2/4/2013 $45,000.00

C121485 02/04/2013 STAND UP MISSOURI American Financial Services Association 919 18th Street, N.W. Suite 300 Washington DC 20006 2/4/2013 $45,000.00

[emphasis added]

And in the past few weeks:

C121485 01/22/2013 STAND UP MISSOURI World Acceptance Corporation P.O. Box 6429 Greenville SC 29606 1/22/2013 $9,600.00

C121485 01/28/2013 STAND UP MISSOURI Security Group Inc P.O. Drawer 811 Spartanburg SC 29304 1/28/2013 $5,875.00

[emphasis added]

And their thing is:

C121485: Stand Up Missouri

308 East High St Ste 301 Committee Type: Political Action

Jefferson City Mo 65101

(573) 634-2500 Established Date: 12/14/2012

[emphasis added]

…a continuation of high interest payday loans?

Over the past week, at the Missouri Ethics Commission:

C111201 11/20/2012 STAND UP MISSOURI Tower Loan P.O. Box 320001 Flowood MS 39232 11/20/2012 $7,600.00

C111201 11/20/2012 STAND UP MISSOURI Brundage Management Company, Inc. 254 Spencer Lane San Antonio TX 78201 11/20/2012 $6,600.00

C111201 11/20/2012 STAND UP MISSOURI Security Group Inc P.O. Drawer 811 Spartanburg SC 29304 11/20/2012 $9,400.00

C111201 11/26/2012 STAND UP MISSOURI World Acceptance Corporation P.O. Box 6429 Greenville SC 29606 11/26/2012 $15,200.00

[emphasis added]

Stocking up?

C111201: Stand Up Missouri

308 E High St Ste 301 Committee Type: Campaign

Jefferson City Mo 65101

Established Date: 11/16/2011

Ballot Measures Election Date Subject Support/Oppose

Statutory Amendment To Rsmo Chapters 367 And 408, Relating To Payday, Title, Installment, And Consumer Credit Loans, 2012-066 11/06/2012 Consumer Credit Interest Rates, State Of Missouri Oppose