ARLINGTON, Va.-From the comfort of NAFCU's Arlington, Va.-headquarters, President and CEO Fred Becker took a radio tour to address Refund Anticipation Loans. Yes, it is that time again. Many tax preparers and lenders offer RALs, a loan based upon what the taxpayer expects to get back from Uncle Sam. But these loans come at a high price, Becker warned. "These can be $200-$300 or more," he said during his tour, for a loan that lasts just a week or two. The segment aired on Washington, D.C.'s WTOP and in several other major markets nationwide.
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