Pay day loans, Gina Raimondo, and whatever they have as a common factor

Pay day loans, Gina Raimondo, and whatever they have as a common factor

Although state treasurer Gina Raimondo has criticized pay day loans as being a “predatory item,” two of her governmental associates have actually links having a check-cashing company which has provided pay day loans.

Warwick attorney Joe Shekarchi handled Raimondo’s 2010 campaign, led her change team, and continues to be a confidante associated with treasurer. Shekarchi is placed in a state record because the company representative for Ocean State Check Express, on River Street in Providence, which includes provided lending that is payday. State records reveal Ocean State Check Express is owned by the moms and dads of Jackie Baginski, who recently finalized on being a fundraiser for Raimondo.

Ocean State Check Express is really a player that is small the payday financing company in Rhode Island. In accordance with documents through the state Department of company Regulation, it made available from far the fewest pay day loans of five organizations offering that service in ’09 and 2010, probably the most figures that are recent.

Shekarchi claims he ended up beingn’t mindful that Ocean State Check Express offered payday loans, and he calls the work that is legal done for the company – on a zoning instance, he states — a non-issue with regards to Raimondo’s criticism of payday lenders. “My private clients whom we represent don’t have any connection using the treasurer whatsoever,” Shekarchi claims.

Baginski didn’t react to a phone message as well as an email l king for comment. (Before signing in being a fundraiser for Raimondo, Baginski struggled to obtain Engage RI, the pro-pension overhaul team that has been made up of Raimondo’s support.)

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