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Payday financing industry provides big A statue of young ones outside of the Roundhouse in Santa Fe.

Payday financing industry provides big A statue of young ones outside of the Roundhouse in Santa Fe.

Heath Haussamen / Brand Brand New Mexico Comprehensive

A statue of kiddies away from Roundhouse in Santa Fe.

Storefront financing businesses and affiliated associations provided almost $140,000 to New Mexico general general public officials and governmental action committees in 2013 and 2014, based on an analysis of information through the brand New Mexico Secretary of State’s office.

The majority of that — $115,805 — decided to go to dozens of elected officials, including Republican Gov. Susana Martinez, Democratic Attorney General Hector Balderas and much more than 1 / 2 of the people of this new Mexico Legislature, Democrats and Republicans alike.

The 18 organizations and associations also provided $23,333 to political action committees closely associated with Democrats and Republicans, an innovative new Mexico In Depth analysis shows.

The industry’s spending offers understanding of the ongoing battle in the Roundhouse over whether or not the state should cap payday advance Marietta Marietta at 36 % the attention price such loan providers can charge.