http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/ Exploring the Finances of the Unbanked Tue, 22 May 2012 19:08:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-6651 Adam Thu, 20 Jan 2011 14:50:01 +0000 http://banktalk.org/?p=3042#comment-6651 Your tax preparer should ask for proof. There is a fair amount of fraud taking place with people making false claims about the number of dependents in their household. Your tax preparer should ask for proof. There is a fair amount of fraud taking place with people making false claims about the number of dependents in their household.

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-6607 rizzle Thu, 20 Jan 2011 03:41:25 +0000 http://banktalk.org/?p=3042#comment-6607 What should i do if my ral was denied because they wanted proof of dependents.Why is that? What should i do if my ral was denied because they wanted proof of dependents.Why is that?

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5232 Michael W. Perkins Thu, 30 Dec 2010 19:09:23 +0000 http://banktalk.org/?p=3042#comment-5232 They do not have a RAL program. The national ad running is touting an "Refund Anticipation Check". As a tax accountant offering this product, I know the common person has this transaction only once per year, will not notice the difference. The RAC, as is known in our business, is a 10-14 day direct deposit of your refund. If you choose to pay for the tax return up front, you can direct deposit to your own bank account, to avoid additional fees, same time frame. The RAC will be used by taxpayers that do not have the cash to pay up front, or do not personally have a bank account to deposit the refund in. Tread lightly. Most independents are more competative on pricing. National advt. dollars doesn't make you a wizard. They do not have a RAL program. The national ad running is touting an "Refund Anticipation Check". As a tax accountant offering this product, I know the common person has this transaction only once per year, will not notice the difference. The RAC, as is known in our business, is a 10-14 day direct deposit of your refund. If you choose to pay for the tax return up front, you can direct deposit to your own bank account, to avoid additional fees, same time frame. The RAC will be used by taxpayers that do not have the cash to pay up front, or do not personally have a bank account to deposit the refund in. Tread lightly. Most independents are more competative on pricing. National advt. dollars doesn't make you a wizard.

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5212 sdoggie Thu, 30 Dec 2010 04:48:15 +0000 http://banktalk.org/?p=3042#comment-5212 Thanks for the update! Thanks for the update!

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5144 srh Tue, 28 Dec 2010 20:49:26 +0000 http://banktalk.org/?p=3042#comment-5144 republic has reached its full capacity....couldint handle block republic has reached its full capacity….couldint handle block

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5139 Scott Tue, 28 Dec 2010 19:24:20 +0000 http://banktalk.org/?p=3042#comment-5139 Makes you wonder weather or not Block, the OCC and HSBC worked something out so Block wouldn't have to deal with investor fall out. Wouldn't surprise me a bit in today's business/government environment. Makes you wonder weather or not Block, the OCC and HSBC worked something out so Block wouldn't have to deal with investor fall out. Wouldn't surprise me a bit in today's business/government environment.

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5137 Adam Tue, 28 Dec 2010 19:10:22 +0000 http://banktalk.org/?p=3042#comment-5137 It is only a matter of capital. Republic has a limited amount of money. They've given a prior commitment to Liberty and Jackson Hewitt. I'm not sure, but it does seem possible that Republic could purchase some brokered deposits. I believe that Pacific Capital had used brokered deposits (and not their TARP funds...ehhh) to cash flow their RALs. It is only a matter of capital. Republic has a limited amount of money. They've given a prior commitment to Liberty and Jackson Hewitt. I'm not sure, but it does seem possible that Republic could purchase some brokered deposits. I believe that Pacific Capital had used brokered deposits (and not their TARP funds…ehhh) to cash flow their RALs.

]]> http://banktalk.org/2010/12/27/reaction-to-the-occ-ral-directive/comment-page-1/#comment-5133 Paul Tue, 28 Dec 2010 17:55:16 +0000 http://banktalk.org/?p=3042#comment-5133 This may be a dumb question, but is there anything to stop Block from signing a quick contract with Republic B&T (joining Liberty and Jackson Hewitt)? This may be a dumb question, but is there anything to stop Block from signing a quick contract with Republic B&T (joining Liberty and Jackson Hewitt)?

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