New short-term loan item at U.S. Bank attracts scrutiny U.S. Bank’s brand new Simple Loan is maybe maybe not complicated, but its ramifications are. Simply 3 months as a result of its introduction, the first-of-its-kind short-term financing product is attracting scrutiny from customer advocates and rivals. Simple Loan gives an incredible number of U.S. Bank clients whom meet specific requirements immediate access to just as much as $1,000. Borrowers pay back those loans in three installments that are monthly interest fees of $12 per $100 or $15 per $100. The figures compute to annualized interest levels of 70 or 88 per cent. Customer ...