Spring Bank’s “Borrow & Save” and Credit Builder Loans are currently assisting brand new Yorkers Avoid Predatory Lenders & Build Assets
BRONX, N.Y., April 1, 2015 (GLOBE NEWSWIRE) — via PRWEB – Spring Bank, a residential area bank located in the Southern Bronx, commends the customer Financial Protection Bureau for proposed guidelines that could end payday debt traps by ensuring customers can repay their loans.
Since 2014 Spring Bank has provided loan products which closely stay glued to the CFPBs recommendations-and then some. The lender’s “Borrow & Save” and “Credit Builder” loans had been intended to assist customers access affordable dollar that is small while supplying possibilities to build credit and cost cost cost cost savings. Continue reading Spring Bank Applauds CFPB Efforts to Rein in Pay Day Loan Excesses