Don't Hold your Breath

Don't hold your breath for refund anticipation loans
If your business relies on tax rebates to fuel a short-term bump in consumer spending, you may have to be patient this year. Banking regulators are cracking down on refund anticipation loans, which let taxpayers get their refund from their tax preparer, in exchange for a steep fee. That means chains such as H&R Block won't be able to offer the loans, and consumers will have to wait for the IRS to process their refunds. American City Business Journals/Kansas City, Mo. (2/16)
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