Payday lenders are shelling out big bucks to help Mitt Romney become president.
USA Today reports that last month, payday lenders and the companies that own them shoveled more than $250,000 into Restore Our Future, a super PAC linked to the Republican presidential candidate.
The donations come as payday lenders find themselves under federal regulation for the first time.
As USA Today notes, Romney has not weighed in on the industry in particular, but he has been weary of what he calls President Obama's over-regulation.
Romney has also been critical of the newly created Consumer Financial Protection Bureau, which, among other tasks, is charged with keeping an eye on payday lenders.
After Obama used a recess appointment to make Richard Cordray head of the new agency, Romney denounced the move, telling The Hill, "Instead of working with Congress to fix the flaws in this new bureaucracy, the president is declaring that he 'refuses to take no for an answer’ and circumventing Congress to appoint a new administrator."
Payday lenders aren't the only financial institutions filling the coffers of Romney's campaign. As of December, The Daily Beast reports, Romney's top five corporate contributors are Wall Street banks.
BEFORE YOU GO
How to vote
Vote-by-mail ballot request deadline: Varies by state
For the Nov 3 election: States are making it easier for citizens to vote absentee by mail this year due to the coronavirus. Each state has its own rules for mail-in absentee voting. Visit your state election office website to find out if you can vote by mail.Get more informationTrack ballot status
In-person early voting dates: Varies by state
Sometimes circumstances make it hard or impossible for you to vote on Election Day. But your state may let you vote during a designated early voting period. You don't need an excuse to vote early. Visit your state election office website to find out whether they offer early voting.My Election Office
General Election: Nov 3, 2020
Polling hours on Election Day: Varies by state/localityMy Polling Place