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St. Louis Dispatch: Electronic filing option offers quicker refunds

February 15, 2009

AFFIL was quoted in the following article by Jim Gallagher:

If you go to a commercial tax preparer, you may hear a pitch for a refund anticipation loan, sometimes called “rapid refunds,” or “fast cash refunds” or “express money.” Consumer groups generally call these a bad deal. You may pay $30 to $100 in fees for immediate access to money that the IRS would send in about 10 days anyway.

“A refund anticipation loan is a wolf in sheep’s clothing,” says Jim Campen, director of Americans for Fairness in Lending, a group that crusades against predatory lending.

Read the full article.

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