Blog Archives

Thankful for RALs’ Decline – But RACs Still Around

RALsIt may be turkey time for the rest of the country, but NCTC members and commercial preparers are busy gearing up for the upcoming tax season. One big difference we’ll see in 2013 is the departure of refund anticipation loans (RALs). Last tax season was the final one in which these high-cost, high-risk loans will be made, at least on a large scale by banks. In December 2011, Republic Bank & Trust, which was the last of the RAL-lending banks, entered into a settlement with its federal regulator agreeing to cease making RALs after the 2012 tax season.    Read the rest of this entry

Request for Applications: NCTC and NetSpend Prepaid Debit Card Opportunity

NetSpend logo

NCTC is pleased to announce a Request for Applications (RFA) for a new prepaid debit card specially tailored for NCTC’s membership, offered in conjunction with NetSpend.

The initiative is designed to assist new and experienced programs enhance their tax preparation and asset building services, while helping clients establish more positive financial profiles. The prepaid debit card contract will operate from October 1, 2012 – September 30, 2015. Read the rest of this entry