Losing with Refund Anticipation Loans

Every year, millions of Americans take out loans on their tax refunds... and every year tax preparation companies rake in millions in interest and fees. But these controversial loans haven't escaped the notice of consumer advocates, and now Uncle Sam is weighing in.

Losing with Refund Anticipation Loans Photo (cc) by B Rosen

Every year, millions of Americans take out loans on their tax refunds… and every year tax preparation companies rake in millions in interest and fees. But these controversial loans haven’t escaped the notice of consumer advocates, and now Uncle Sam is weighing in.

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