In 2013, Stephanie Banks was in the midst of a battle with lung cancer, and like many who are stricken with serious illness, she also had a cash shortfall. So, according to the Oregonian, Banks turned to Rapid Cash, a payday lender, for a $300 loan.
The Portland woman signed off on the loan that had an interest rate of 153 percent — the highest allowed under Oregon law.
But Banks filed for bankruptcy after her cancer left her too weak to work. She thought nothing of it — until she got a letter in the mail claiming she now owes $40,000 on that $300 loan.
Now that her cancer is in remission, Banks says the letter gave her a huge shock.
“I said, ‘These people are trying to give me a heart attack. … I don’t have $40,000,'” she told the Oregonian.
Even a consumer attorney, who has taken on Banks’ case pro bono, can’t figure out how her loan ballooned the way it did. The attorney, Michael Fuller, said Banks shouldn’t owe anything.
“The number has to be zero because she’s in bankruptcy,” he told the paper.
According to the Oregonian, Banks can’t take her complaint before the courts, because her agreement forces her to instead go before a private arbiter chosen by Rapid Cash.
Consumer advocate Amanda Werner told the Oregonian that such arbiters don’t have to have legal training and are bound by law. And in Banks’ case, she could be stuck paying the cost of representation hired by Rapid Cash to handle her case.
Banks, who lives off of a $1,240 social security check, said there’s just no way she can pay.
“This will have to be sorted out, there’s no way I can pay $40,000,” Banks told the paper. “If I could pay them $40,000, I wouldn’t have filed bankruptcy.”
Republicans will ‘be punished harshly in November’ for ignoring Trump’s latest impeachable offense: columnist
In a column for Bloomberg, longtime political observer Jonathan Bernstein said there is not much more Donald Trump could do as president that would be more impeachable than his commutation of associate Roger Stone's sentence for lying for him -- and that Republicans who are either staying silent or cheering on the president will face the wrath of voters in November.
With only Sen. Mitt Romney (R-UT) taking the president to task for the commutation of the convicted felon's sentence in a tweet, labeling it, "Unprecedented, historic corruption: an American president commutes the sentence of a person convicted by a jury of lying to shield that very president,” Bernstein said other Republicans should expect to be judged by their silence on such flagrant corruption.
Ex-Trump adviser launches attack on Roger Stone’s jury forewoman — then dares her to sue him
On Saturday's edition of MSNBC's "Weekends," former Trump adviser Sam Nunberg went off on a rant attacking the jury forewoman in Roger Stone's trial, accusing her of being a liar and daring her to sue him.
"That trial, I had problems with it," said Nunberg. "Amy Berman Jackson, the judge, said things at the Manafort trial that made her completely conflicted to do this trial. There was an issue with the foreman. It came out she lied ... that's what Roger is appealing."
"So, Sam, you're just saying that a jury foreman and a judge were lying," said anchor Alex Witt. "Where is the proof on that?"
Trump’s ‘full-on racism’ will ‘go way uglier’ as election nears: Ex-White House official
On MSNBC Saturday, former White House Communications Director Anthony Scaramucci warned that President Donald Trump's toxicity on race relations will only worsen in the run-up to the election in November.
"You were in charge, for a brief time, but for communications from this White House, and it does seem that Trump is going there because that's where he thinks he has to go," said host Joy Reid. "92 percent of African-Americans, not surprisingly, disapprove of Donald Trump's handling of race. But even 57 percent of white Americans disapprove of his handling of race relations. There's a lot of white marchers out there, marching for Black Lives Matter. Has he miscalculated and misread white people, at least the majority of them, in this moment?"