The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "refund anticipation loans" ...
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Borrowing Trouble
This series looks at how corporations like Payday America use payday loans to target the poor and charge phenomenal interest fees. These stories also look at how traditional banks have helped to keep these businesses going, acting as the main source for business loans for payday lenders. At the same time, these banks are pulling their own branches out of lower income areas and violating the Community Reinvestment Act of 1977 by not "serving the credit needs of all communities where they operate, including low- and moderate-income communities." Another story looks at RALs, or Refund Anticipation Loans from places like H&R Block, which also rack up interest rates and fees of 70-700 percent.
Tags: refund anticipation loans; loans; payday loans; Payday America; check-cashing businesses; Community Reinvestment Act; H&R Block