THE ECONOMIC STIMULUS PACKAGE THIS WEEK … GRASSLEY, SCHUMER WARN PAYDAY LENDERS: STAY AWAY FROM AMERICANS’ REBATE CHECKS WITH PRESIDENT BUSH SET TO SIGN
With the government planning to Mail Rebate Checks To assist Jumpstart Economy, Scams May EmergePromising Money Up Front—however with a CatchIn page, Senators Urge Top Payday loan providers And taxation Preparers To Steer evident ofPredatory TacticsSimilar to“Refund that is so-Called Loans,” Payday Loans on Rebate Checks CouldCarry Interest Rates Far Higher Than 100per cent
WASHINGTON, DC—With Congress passing a stimulus that is economic final week that thePresident is anticipated to sign up Wednesday, U.S. Senators Chuck Grassley and Charles E. Schumertoday warned the nation’s leading income tax preparers and pay day loan businesses to stay away from socalled“instant rebates” which could bilk People in the us away from big portions of the rebate checks.