Payday lender accidentally exposes pay-to-play scheme between RNC and Trump's White House

Payday lender accidentally exposes pay-to-play scheme between RNC and Trump's White House
Official White House Photo by Shealah Craighead

A Republican fundraiser exposed a pay-to-play scheme between the GOP and the White House.

Michael Hodges, founder of Advance Financial, told a gathering of his fellow payday lenders that industry contributions to President Donald Trump’s re-election campaign could win access to administration officials, reported the Washington Post.

Hodges urged other payday lenders to donate to Trump’s campaign — “every dollar amount, no matter how small or large it is” — as their industry tries to weaken Obama administration regulations of short-term loans to consumers at high interest rates.

The payday lender linked the Republican National Committee to the scheme during a Sept. 24 webinar sponsored by industry consultant Borrow Smart Compliance.

“For example, I’ve gone to Ronna McDaniel and said, ‘Ronna, I need help on something,’” Hodges said. “She’s been able to call over to the White House and say, ‘Hey, we have one of our large givers. They need an audience … They need to be heard and you need to listen to them.’ So that’s why it’s important.”

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

DonateDonate by credit card


Thanks for your support!

Did you enjoy AlterNet this year? Join us! We're offering AlterNet ad-free for 15% off - just $2 per week. From now until March 15th.