Although state treasurer Gina Raimondo has criticized payday loans as being a “predatory item,” two of her political associates have links with a check-cashing business which has provided payday advances.
Warwick attorney Joe Shekarchi handled Raimondo’s 2010 campaign, led her change team, and continues to be a confidante of this treasurer. Shekarchi is placed in a situation record because the company representative for Ocean State Check Express, on River Street in Providence, which has provided lending that is payday. State records show Ocean State Check Express is owned by the parents of Jackie Baginski, who recently finalized in as being a fundraiser for Raimondo. Ocean State Check Express is just a tiny player in the payday financing business in Rhode Island. According to records through the state Department of company Regulation, it offered by far the fewest payday advances of five businesses offering that service during 2009 and 2010, the absolute most figures that are recent.
Shekarchi states he wasn’t conscious that Ocean State Check Express offered payday advances, and he calls the work that is legal done for the company – on a zoning case, he claims — a non-issue when it comes to Raimondo’s criticism of payday lenders. “My private clients who we represent haven’t any connection utilizing the treasurer whatsoever,” Shekarchi says. Baginski didn’t answer a phone message plus an e-mail comment that is seeking. (Before signing in as being a fundraiser for Raimondo, Baginski struggled to obtain Engage RI, the pro-pension overhaul team that has been created with Raimondo’s support.)