The overdraft fees levied by Chase cannibalized her child support income for Subrina Baptiste, 33, an educational assistant in Brooklyn. She stated she requested a $400 loan from Loanshoponline.com and a $700 loan from Advancemetoday.com last year. The loans, with yearly rates of interest of 730 per cent and 584 per cent correspondingly, skirt nyc legislation.
Ms. Baptiste stated she asked Chase to revoke the automated withdrawals in October 2011, but had been told that she had to ask lenders rather. In one single thirty days, her bank records show, the lenders attempted to simply take funds from her account at the very least six times.