New temporary loan item at U.S. Bank attracts scrutiny

New temporary loan item at U.S. Bank attracts scrutiny U.S. Bank’s brand new Simple Loan is perhaps not complicated, but its ramifications are. Simply 3 months as a result of its introduction, the first-of-its-kind short-term financing item is attracting scrutiny from customer advocates and competitors. Simple Loan gives an incredible number of U.S. Bank clients whom meet specific requirements fast access to just as much as $1,000. Borrowers pay back those loans in three installments that are monthly interest fees...

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