WASHINGTON -- The Internal Revenue Service has published arequest for comments from the public about a potential regulationwhich could restrict the marketing of so-called Refund AnticipationLoans. Tax preparers offer Refund Anticipation Loans (RALs) toallow taxpayers to cash in on a tax refund without having to waitfor a refund check from the IRS.


Consumer advocates and credit union executives have criticizedthese loans for their high interest rates and fees, but some creditunions involved with the IRS' volunteer income tax assistanceprogram have offered similar products with generally lower fees andother charges.

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