Tightening Screws on Tax Loans

Aspan, Maria
January 2010
American Banker;1/12/2010, Vol. 175 Issue 6, p1
Trade Publication
The article reports that the U.S. Internal Revenue Service (IRS) is planning to regulate tax preparers on the federal level, which includes looking at tax refund anticipation loans and other tax-related financial products. Banking regulators are growing stricter on the loans. Republic Bancorp Inc. was questioned by regulators on the viability of its tax loan program.


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