Jackson Hewitt to pay fine over tax refund loans

(Reuters) - Tax refund loans, also known as refund anticipation loans,
let taxpayers who expect refunds get cash early. They are
generally made between February and the mid-April tax filing
deadline. Pre-season loans are typically made from November to
January, often for people who need money during the holidays.




"Tax loans are only for tax time," said Mark Pearce, North
Carolina's deputy commissioner of banks. "We were concerned
that these pre-file loans might lead to a new type of debt
trap."


Read more at Reuters.com Government Filings News