New short-term loan item at U.S. Bank attracts scrutiny

New short-term loan item at U.S. Bank attracts scrutiny

U.S. Bank’s brand new Simple Loan is maybe perhaps not complicated, but its ramifications are. Simply 90 days following its introduction, the first-of-its-kind short-term lending item is attracting scrutiny from customer advocates and rivals.

Simple Loan gives an incredible number of U.S. Bank clients whom meet particular requirements access that is quick up to $1,000. Borrowers pay back those loans in three equal payments with interest costs of $12 per $100 or $15 per $100. “New short-term loan item at U.S. Bank attracts scrutiny” の続きを読む