The loans were designed to be an alternate to payday advances, the tiny, short-term

The loans were designed to be an alternate to payday advances, the tiny, short-term

U.S. Bank, one of many nation’s biggest banking institutions, has once again started offering consumers little, high-cost loans, saying the loans will have safeguards to hold borrowers from getting into over their minds. The loans, between $100 and $1,000, are designed to assist clients cope with unanticipated costs, like an automobile fix or a medical bill, said Lynn Heitman, executive vice president of U.S. Bank customer banking product product sales and help. Read more