FDIC moves to shut down RALs for Jackson Hewitt, Liberty

Posted by:

Last year, the IRS put the first nail in the RAL coffin when it announced it would no longer feed information on taxpayer eligibility for refunds. Then early this year came the announcement by the Comptroller of the Currency that HSBC, H&R Block’s provider of RAL loans, was not permitted to, and thus wouldn’t, offer RAL loans. Jackson Hewitt and Liberty Tax quickly announced that the prohibition had no effect on their ability to offer RALs, and that they would ...

Continue Reading →
0