This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Refund loans costly high fees in 2002 say consumer groups
Washington reports from the Consumer Federation of America and the National Consumer Law Center cite IRS data showing 1 in 10 Americans used refund anticipation loans in 2002. Fees and high APRs drain money from the earned income tax credit, with Household International reporting 34 to 129 percent APR. Senate tax committees plan to require lender registration and Treasury guidance on disclosures.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
The
Consumer Federation of
America
National Consumer Law Center
IRS
Lion
U.S. Treasury
Household International
Mark Friedlander
Senate
Treasury Department