Commentary: Death of tax-refund loans spurs search for successor products

By: Richard Rubin Bloomberg News December 18, 2011

The tax-refund loan, once a profit source for banks and tax-preparation companies, is vanishing under pressure from federal bank regulators and consumer advocates. Tax filers’ need for quick cash hasn’t eroded, and the companies are looking for ways to capitalize on that market.

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Commentary: Death of tax-refund loans spurs search for successor products

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