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CHANGES TO REFUND ANTICIPATION LOANS (RALS) CAUSED BY IRS DECISION What happened? The IRS has decided to no longer supply the Debt Indicator
as part of the electronic acknowledgement of your e-filed tax return. The Debt Indicator provided fast and automated notification
if some or all of your refund would be reduced due to existing federal debts such as back taxes, student loans or child support.
This information was received by the bank to assist in the RAL approval decision and at your tax preparer to notify you of
your debt. Although there is no longer an automated process to give out this information, you can still find out if
you have federal debts that will offset your refund by visiting the "Where’s My Refund" page on the IRS website
at www.IRS.gov. How this
affects you? Without
the Debt Indicator, the bank has reduced the amount of money loaned for the RAL to only be for a portion of your refund instead
of the full amount. Also, prices for RALs have increased to account for a rise in unfunded loans due to unknown federal debts.
What you can do to protect
your consumer rights? Voice
your opinion if you feel strongly that you deserve easy and timely access to your own personal financial information resulting
in affordable financial products. Tell the IRS and your elected government representatives that you are unhappy about the
IRS decision to eliminate the Debt Indicator. Find contact information for you Congresspersons and Senators at: www.WhoIsMyRepresentative.com
Contact the IRS: 1-800-829-1040
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