Grassley, Schumer Urge Payday Lenders Not To Ever Exploit Stimulus Rebate Checks

Grassley, Schumer Urge Payday Lenders Not To Ever Exploit Stimulus Rebate Checks

WITH PRESIDENT BUSH SET TO SIGN THE ECONOMIC STIMULUS PACKAGE RECENTLY. GRASSLEY, SCHUMER WARN PAYDAY LENDERS: STEER CLEAR OF AMERICANS’ REBATE CHECKS

With the government going to Mail Rebate Checks To assist Jumpstart Economy, Scams May EmergePromising Money Up Front—however with a CatchIn Letter, Senators Urge Top Payday loan providers And Tax Preparers To Steer Clear ofPredatory TacticsSimilar to“Refund that is so-Called Loans,” Payday Loans on Rebate Checks CouldCarry Interest Rates Far Higher Than 100percent

WASHINGTON, DC—With Congress passing an stimulus that is economic final week that thePresident is anticipated to sign up Wednesday, U.S. Continue reading “Grassley, Schumer Urge Payday Lenders Not To Ever Exploit Stimulus Rebate Checks”