Silicon Valley's rich want to bank America's poor By: CNBC.com News June 10, 2014 at 09:55 AM EDT Americans rack up $7.4 billion in payday loans annually. Silicon Valley has a plan to make what critics call extortion more palatable. Read More >> Related Stocks: American Express Bank of America Capital One Financial Equifax Experian Plc ADR Facebook Fifth Third Bancorp Google, Inc. JPMorgan Chase & Co MasterCard Wal-Mart Stores, Inc.