BankThink High-cost loans a action within the direction that is wrong U.S. Bank recently introduced a brand new loan product that is small-dollar. Because of the bank’s own description, it is a high-cost item, at 70-88% APR. High-cost loans by banking institutions give you a mirage of respectability. An element for this impression may be the idea that is misguided restricting payment size to 5% of revenues means the mortgage is…