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Regions Bank Exits Payday Loan Business

Sunday, January 19, 2014 - 9:00 AMRegions Bank - Details
"Regions said it will no longer make Ready Advance loans after January 22. Instead the bank has introduced new products it hopes will take the place of its discontinued loan. It will now offer what it calls the Regions Savings Secured Loan, which is secured against a savings account. Regions describes its new product as “a low fixed interest rate personal installment loan” that can be used to borrow as little as $250."

Regions Bank exits payday loan business
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