Bolkcom stated he’s noticed more lobbying through the industry since he started regulations that are proposing than about ten years ago. “They’ve definitely become more orderly and have now a lot more of an existence,” he said. The industry has an additional opportunity to speak with legislators about the industry in a positive way by employing lobbyists in the Statehouse. Covington, the city organizer with Iowa people for Community Improvement, stated the industry “knows simple tips to protect their bases,” hiring lobbyists that talk with both edges associated with aisle. “They do, needless to say, achieve some individuals and now have some impact,” he said.
DECREASING STOREFRONTS, GROWING MONEY
Regardless of the not enough legislation and a stable need for the loans over the past several years, the amount of payday advances shops in Iowa has started to decrease. But decreasing storefronts don’t indicate a decreased movement of money through the industry to the Iowa Statehouse. Continue reading