Tuesday, March 2, 2010

Legislation would shine light on tax refund loans

Eileen Ambrose of The Baltimore Sun reports on Refund Anticipation Loans and a bill to regulate them, which MCRC strongly supports:
Tax season is upon us, and some filers literally can't wait.

These are the people who take out high-priced loans to get their tax refunds several days early. While demand for so-called refund anticipation loans has been dropping, millions of taxpayers - including thousands in Baltimore - still sign up for them. -- full story


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