One Last Bite: Final Year for Bank Tax Refund Anticipation Loans
January 20, 2012
A bright note for consumers as this tax season begins: This is the final year in which refund anticipation loans (RALs) will be available from banks on a large scale, nationwide basis. After this season, there will be an end to the hundreds of millions drained from taxpayer refunds by these high-cost, high-risk loans.
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