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H&R Block, HSBC, & the end of RALs

New Orleans Refund Anticipation Loans or RALs are a product that have preyed on lower income worker families since their inception and promotion by the big tax preparers, H&R Block, Jackson-Hewitt, and Liberty, as well as smaller fry who could get access to credit.  Negotiating with these companies could get depressing when I worked [...]

December 28th, 2010 | Tags: , , , , , , , , , , , , , , , , , , | Category: ACORN, Citizen Wealth, Financial Justice | Leave a comment

Santa Barbara Finally Pulls Up Short

Quepos            It was an extra present under the palm tree to read in the pre-dawn that Santa Barbara Bank & Trust was being pulled out of the business of factoring RALs, predatory refund anticipation loan for Jackson & Hewitt and other companies in the viciously competitive tax services market for lower  income and working families.  [...]

December 26th, 2009 | Tags: , , , , , , , , , , , , , , , , , , | Category: Citizen Wealth, Financial Justice | 2 comments
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