Wyoming Division of Banking · WY
Consumer Advisory: Refund Anticipation Loans (RALs)
February 18, 2010
Summary
This advisory warns consumers about the high costs and potential financial risks associated with Refund Anticipation Loans (RALs). It emphasizes the necessity of disclosing all fees and interest rates clearly to borrowers to prevent predatory lending practices.
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Common questions
- What does "Consumer Advisory: Refund Anticipation Loans (RALs)" cover?
- This advisory warns consumers about the high costs and potential financial risks associated with Refund Anticipation Loans (RALs). It emphasizes the…
- Which agency issued this update?
- This update was issued by Wyoming Division of Banking.
- When was it published?
- It was published on February 18, 2010.
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