Issue categories:
February 01, 2014
•
1 min read
Consumers at Risk from Tax-Time Financial Products and Unregulated Preparers
The tax-time financial products market is evolving after the departure of bank RALs. Tens of millions of taxpayers continue to be sold RACs, which can be subject to significant add-on fees and may represent a high-cost loan of the tax preparation fee. A few payday lenders and other non-bank businesses are making non-bank RALs, which may be more expensive but are also far less prevalent.
Our Subject Matter Experts
Related Articles
July 14, 2026
/ Testimony & Comments
States to Congress: "We Need a Strong Consumer Financial Protection Bureau"
May 29, 2026
/ Testimony & Comments
CFA Submits Comments to Congress on How Senior Fraud-Protection Accounts Can Prevent Scams
May 14, 2026
/ Press Releases