Pay-Day Lenders

In The Loop: The Pay-Day Lenders' Ties To Powerful Beltway Influence-Peddlers

Zachary Roth | March 22, 2010, 10:32AM

Rick Berman, Mike Flynn and Dick Armey

We told you last week about the sophisticated Washington lobbying and PR operation that has helped the $42 billion-a-year pay-day lending industry water down provisions in the financial reform bill currently before Congress. But it looks like the industry's ties to a host of heavy-hitting, and sometimes controversial, Beltway players are even more extensive.

Those players, it appears, include a prominent and well-regarded DC consulting firm founded by top former Clinton administration staffers, a key editor at the Andrew-Breitbart-created website that hosted James O'Keefe's ACORN "exposes," Dick Armey's FreedomWorks, and a notorious corporate lobbyist known as "Dr. Evil." Taken together, the pay-day lenders' connections in the capital make clear that the industry has quietly -- and in a remarkably short time -- enmeshed itself into a network of Washington influence-peddlers skilled at putting a favorable sheen on a host of corporate causes.

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