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Oregon cancer survivor’s payday loan balloons from $300 to $40,000 — after filing for bankruptcy

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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.

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“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.”

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Fox News host’s insane anti-LGBT screed: Activists are trying to make kids transgender by ‘eliminating gays’

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Fox News host Greg Gutfeld went on a lengthy deep-dive into what he claims are the motivations of LGBT activists, falsely accusing them of trying to increase the number of transgender children by "eliminating gays."

There is exactly zero truth to Gutfeld's claims, which he made on Fox News' "The Five" on Monday, as Media Maters reports.

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Hope Hicks denied under oath knowing about Trump’s hush-money payments to Stormy Daniels

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Former White House communications director Hope Hicks on Wednesday denied under oath knowing anything about the hush-money scheme set up by former Trump "fixer" Michael Cohen to pay off President Donald Trump's former mistresses.

"Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election," reports CNN's Manu Raju. "Also she wouldn’t discuss what she learned about those payments during her time at White House because of immunity claims."

Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election, per sources. Also she wouldn’t discuss what she learned about those payments during her time at WH bc of immunity claims https://t.co/GZWqzCzpGX

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Federal Reserve chair defiant in face of Trump threats: ‘The law is clear — I have a four-year term’

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Federal Reserve Chairman Jerome Powell sounded a defiant note on Wednesday as he announced that there would be no further cuts to interest rates for the time being.

Even though President Donald Trump has been publicly calling for a rate cut to spur additional economic growth ahead of his reelection campaign, Powell kept interest rates at their current level and signaled that he did not foresee any interest rate cuts for the rest of the year.

Powell was asked by a reporter if he was concerned about being "demoted" by Trump in the wake of this announcement, the Federal Reserve Chairman said he wasn't worried.

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