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…)

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…)

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

More to come shortly.

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…)

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…)