Republic Bank will continue to provide tax settlement products for customers of Jackson Hewitt through 2014. Republic filed an 8-k this morning that details the agreement.

If it was not clear before, this should make it fairly straightforward that there will be refund anticipation loans available to consumers in the upcoming tax season.

The agreement includes both assisted refunds and refund anticipation loans.

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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…)

Jackson Hewitt’s business model will change once it exits from bankruptcy. The only question is how.

I will not speculate on the likelihood that some potential possibilities – (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…)

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 (more…)