FILE – In this June 15, 2018, file photo, cash is fanned out from a wallet in North Andover, Mass. High-interest payday and online lenders have long been among…

FILE – In this June 15, 2018, file photo, cash is fanned out from a wallet in North Andover, Mass. High-interest payday and online lenders have long been among the few options for Americans with bad credit and lower incomes. Guidance issued in the spring by federal regulators cut a previously suggested rate cap on loans and that could mean banks start lending small-dollar, high-interest loans. (AP Photo/Elise Amendola, File)

John Williams

Elder Law attorney Kerry Peck: ‘I call it love at first sight of their wallet’

Posted: Dec 10, 2020 / 02:08 PM CST

Updated: Dec 10, 2020 / 02:08 PM CST

FILE – In this June 15, 2018, file photo, cash is fanned out from a wallet in North Andover, Mass. High-interest payday and online lenders have long been among…

FILE – In this June 15, 2018, file photo, cash is fanned out from a wallet in North Andover, Mass. High-interest payday and online lenders have long been among the few options for Americans with bad credit and lower incomes. Guidance issued in the spring by federal regulators cut a previously suggested rate cap on loans and that could mean banks start lending small-dollar, high-interest loans. (AP Photo/Elise Amendola, File)

Posted: Dec 10, 2020 / 02:08 PM CST

Updated: Dec 10, 2020 / 02:08 PM CST

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Elder Law Attorney Kerry Peck joins John Williams to explain the rights of those who find themselves being scammed by younger people.

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