FEC Drops Probe of Fincher’s Campaign Finances

The Federal Election Commission met over complaints that U.S. Rep. Stephen Fincher, R-Tenn., violated election laws regarding filing requirements and a loan to his campaign but there was “an insufficient number of votes” to support them, according to a commission lawyer.
More from the Commercial Appeal story:
In an undated letter to Fincher’s lawyer, Elliot S. Berke, Acting Deputy Associate General Counsel for Enforcement Susan L. Lebeaux wrote that three violations were reviewed. The six-member commission, which is equally divided between Democrats and Republicans, needs a majority vote to take action. As a result, Lebeaux wrote, “the commission has closed its file in this matter.”
Fincher’s $250,000 bank loan from the Gates Banking and Trust Co., where his father was on the board of directors, was a major issue in the waning days of last year’s campaign against Democratic state Sen. Roy Herron of Dresden. That was in part because Fincher filed a statement to the House clerk indicating he had no assets or liabilities. Those reports were amended after he took office in January.
A complaint to the U.S. Attorney’s Office over Fincher’s financial disclosures was made by Covington lawyer J. Houston Gordon, a former Democratic candidate for the U.S. Senate, at about the time the FEC began looking into the matter last year.
Herron said Thursday evening that he would have no comment until he had reviewed the letter and learned how the commission voted.

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