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user-inactivated · 3198 days ago · link · · parent · post: Payday lenders’ clout in Austin curtails effort to rein in big fees for poor borrowers
The amount had mushroomed because of overdraft charges, fees and rollovers, into $5,600, and was taking everything she had. Smith helped her sue, and the lender settled out of court. Wow. Vultures. The whole lot of them.Last year, he said, he helped an 86-year-old widow who’d been eating saltines for a week. She had lost her car, was frail and had been debilitated by stress — all after taking out a $75 payday loan.