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Lender Hosts Tillis Event In Greenville Days After Bill Passes


The man who helped direct a nearly $2 million political and lobbying effort by consumer finance lenders is co-hosting a fundraiser for North Carolina House speaker Thom Tillis' fledgling U.S. Senate campaign.

The move comes less than a week after a bill increasing profits for the industry became law.

Tillis is to be in Greenville on Tuesday for a luncheon co-hosted by Time Investment Corp. president Royce Everette, who owns 19 consumer finance offices across the state.

Everette is among those who pushed a bill signed into law June 19 that raises the maximum interest rates on consumer finance loans marketed to low-income borrowers.

Tillis spokesman Paul Shumaker says he sees no problem with the Speaker raising money for his Senate campaign from donors with business pending before the Legislature.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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