The parent company of Liberty Tax recently announced its intention to offer to sell shares to the public. The obligatory prospectus filed with the SEC for the benefit of interested investors provides a chance to look under the hood of the nation’s third largest preparer of tax returns.

Guess what is under the hood? It turns out that a new kind of refund loan may soon be available at Liberty Tax through a (more…)

Republic Bank & Trust (ticker:RBCAA) says that it has reached an agreement with the FDIC to terminate their refund anticipation loan (“RAL”) program after the end of the next tax season.

Prior to this morning’s 8-k, Republic and the FDIC were on course to settle their disagreement about (more…)

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

More to come shortly.

Republic Bank (“RBCAA”)says that revenue from its two largest tax refund partners, Jackson Hewitt and Liberty Tax, accounted for almost sixty percent of total revenue in its Tax (more…)

H&R Block confirmed that it will not offer refund anticipation loans during the 2012 tax season. Block did not have RALs last year.

New Block CEO Bill Cobb attributed the preparers willingness to go into the season without RALs to (more…)