BANK TALK
Exploring the Finances of the Unbanked

Two Banks will Offer Refund Checks

January 19th, 2012

Two small midwestern banks will be providing tax refund transfers during the upcoming tax season. The transfers are being marketed under the name “QIK Funds.” They will be offered by Citizen’s Bank and by New Capital Bank. New Capital is a division of Marshall County State Bank.

The refund transfer is a version of the refund anticipation check (RAC). The checks are (more…)


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January 19th, 2012 11:58:16

The True Cost of Not Having a Bank Account

December 27th, 2011

Editor’s note: This is a guest post by Daniela Baker, the editor of CreditDonkey.Com. CreditDonkey is a personal finance blog.

A new survey by the Federal Deposit Insurance Corporation has found that about one in thirteen Americans does not have a checking or savings account. The survey found that over a quarter—24.6 percent—of all American households either don’t have a checking or (more…)


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December 27th, 2011 06:45:28

Breaking News: FDIC and Republic Reach Agreement

December 09th, 2011

Republic will cease to offer RALs after April 30th, 2012.

 

More to come shortly.


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December 09th, 2011 09:37:36

FDIC-Republic Hearing Set for Feb. ’12: RALs are Back

July 21st, 2011

In an 8-k released this morning, Republic Bancorp reported that its ALJ hearing with the FDIC is now scheduled for Feb. 6th, 2012.

The hearing with an administrative law judge is the first step in settling a disagreement between the FDIC and Republic over their refund anticipation loan (“RAL”) program. The FDIC issued a guidance earlier this year which included an (more…)


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July 21st, 2011 10:15:27

Republic Extends Jackson Hewitt Agreement

July 05th, 2011

Republic Bank announced an extension of its program agreement with Jackson Hewitt in an 8-k released after market close on Friday.

The new agreement extends the ongoing agreement to provide refund anticipation loans. (more…)


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July 05th, 2011 12:13:52