A tax preparer in Texas tells me that Republic is telling its ERO partners that they will be able to offer refund loans for part of the 2012 tax season.
Republic is telling aggregators - the folks that provide middle-path services that help EROS file to the bank - that the FDIC has decided to push back their final hearing with Republic until the first week in February of 2012.
On Friday, I spoke with a Republic salesperson who said that as of last week, they were instructed to tell EROs that they would have bank products in 2012.
A Republic spokesperson emphasized that the most recent 10-q stated that the hearing would take place in September. Republic would indicate any change to that hearing date with the next 10-q, due out before the end of July.
If the hearing is pushed back, then Republic would be able to offer loans through part of the busy