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Resource ID: #18754
Subject: Consumer Affairs
Source: Virginian-Pilot (Norfolk, Va.)
Affiliation: 
Date: October 7

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Description

The Virginian-Pilot examines the influence of Capital One on state legislation that eliminated fee limits on small loans aimed low-income borrowers. Not only did Capital One make campaign contributions to 62 of Virginia's 140 legislators, it has given $56 thousand since 1995, to Governor Jim Gilmore, whose administration lobbied for the bill. The bill's chief sponsor was also the highest recipient of contributions in the senate. E-mails and faxes showed that language drafted by Capital One made it directly into law.

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