Spring Bank Applauds CFPB Efforts to Rein in Cash Advance Excesses

Spring Bank’s “Borrow & Save” and Credit Builder Loans are already New that is helping Yorkers Predatory Lenders & Build Assets

BRONX, N.Y., April 1, 2015 (GLOBE NEWSWIRE) — via PRWEB – Spring Bank, a residential district bank located in the Southern Bronx, commends the buyer 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 abide by the CFPBs recommendations-and then some.