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Payday lenders prey on seniors

“My name is Annette Smith. I am 69-years-old; I live in a small town outside of Sacramento, Calif., and am a long-time customer of Wells Fargo … I have been receiving Social Security as my only income for about 7 years. Today, my Social Security check is for about $1,200—that is the only income I have to pay all of my expenses,” she recently testified at the U.S. Senate Special Committee on Aging. Read more.

 

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